Sainsbury’s is ramping up its non-food offer at present with the retailer having now launched its new Tu Premium menswear line in-store, getting an Argos jewellery boost and expanding its Habitat store count.
UK shoppers spent online enthusiastically on Monday, which was a public holiday in Britain, with PCA Predict saying e-sales rose 3% on the day, a good performance given the heatwave that diverted consumers from shopping.
Private shareholders in Sainsbury's berated the British supermarket group's board at its annual meeting on Wednesday, complaining about three years of falling profit and the prospect of a fourth in its current year.
Fashion continued to outperform at Sainsbury's in Q1 and it looks set to continue its growth as the Tu Clothing line becomes more widely available. Argos also prospered, despite the closure of its Homebase outlets
Earlier this month Sainsbury’s hailed the progress of its Argos acquisition for boosting its full-year results but the current period could see it stumbling as the retailer faces a two-week strike by warehouse staff.
Supermarkets giant Sainsbury’s has reported a third year of lower profits. But there's good news too as fashion label Tu outperformed and the Argos unit many said it shouldn’t buy proved its worth, driving sales higher.