Tu shines as Sainsbury’s enjoys “record Christmas week”, Argos also strong in Q3
Sainsbury’s said fashion and general merchandise were among its top performers in Q3 as the UK supermarket giant enjoyed record Christmas week trading.
In the 15 weeks to January 7 its Tu clothing brand was the star performer with sales jumping 10%. General merchandise sales also lifted 3%, outstripping its overall performance.
Total retail sales edged up 0.8% in Q3, excluding fuel, with same-store sales up just 0.1%. Sainsbury’s said it enjoyed a “record Christmas week” that saw 30m customer transactions and overall Christmas sales of more than £1bn, offsetting analyst fears for a weak trading period.
Overall online sales where particularly strong, accounted for 18% of total group turnover in the quarter.
Total retail sales at its general merchandise arm Argos rose 4.1%, with comp sales up 4%, with sales surging online. Argos online sales grew 13% and now account for 57% of total.
Argos had a good Black Friday and Christmas trading period and Coupe said that the Argos digital stores in Sainsbury’s supermarkets are performing well, as awareness of the one-stop-shop offer grows. There are now 30 Argos digital stores.
The company has added over 200 digital in-store collection points where customers can pick up their Argos purchases as well as online orders of Tu Clothing range.