UK food retailer Somerfield has said its same-store sales dropped in the last part of its first quarter.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, which rejected a takeover approach in June, said like-for-like sales slid 0.2% during the seven-week period to 16 August, reported Reuters.
Like-for-like sales at its Somerfield stores increased 3.2% during the period, but its discount chain Kwik Save posted a 4.7% fall in sales on a like-for-like basis.
The company said, however, that for the whole first quarter (16 weeks to 16 August), group sales climbed 0.5% on a like-for-like basis, with a 2% rise at Somerfield and a 1.5% fall at Kwik Save.
“Overall, the performance has been in line with management’s expectations,” Somerfield was quoted by Reuters as saying.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe company said a promotional programme in the first quarter of last year had helped to raise sales at the Kwik Save chain.
“The promotional programme was not repeated this year, with a correspondingly negative impact on like-for-like sales, but margins have remained stable,” Somerfield said.
