UK grocery retailer Somerfield has reported an improved first-half like-for-like sales performance, helped by a store refit programme.
Group like-for-like sales for the 28 weeks to 8 November rose 0.9% compared to the year-ago period, with Somerfield fascia like-for-like sales rising 2.2% and Kwik Save sales declining 1.0%.
“The performance of the Somerfield stores continued to improve, benefiting from good growth achieved from the refit programme,” said executive chairman John von Spreckelsen.
“Similarly, in Kwik Save, the store investment programme has been rolled out to 32 stores in the first half of the year (14 trial stores at the end of last year) which are showing encouraging growth. However, this represents only a small part of the overall Kwik Save estate of 649 stores.
“The renewal programme for both fascias is continuing with pace.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData