UK food retailer Somerfield has said its same-store sales dropped in the last part of its first quarter.
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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.
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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.
