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Sainsbury's sees retail sales fall 1.1% over Christmas

Sainsbury's sees retail sales fall 1.1% over Christmas

Business
Sainsbury's has seen sales fall over Christmas after non-food trading was hit by consumer caution.Like-for-like retail sales, which exclude sales from new stores, fell by 1.1% across the Christmas period.General merchandise sales, including at Sainsbury's-owned Argos, fell by 2.3% and overall clothing sales by 0.2%.Chief executive Mike Coupe said: "Retail markets are highly competitive and very promotional and the consumer outlook continues to be uncertain."Toy sales hitHe added: "General merchandise sales grew strongly over the key Christmas weeks and outperformed the market over the quarter. "Sales declined in the quarter due to cautious customer spending and our decision to reduce promotional activity across Black Friday. Clothing performed well, with...