date:Jun 12, 2014
ling pleased it is beating its two (UK) quoted rivals in lfl (like-for-like) sales, in that it is losing sales at a slower rate, but it is still losing lfl sales, said HSBC analyst David McCarthy.
He noted that when growth from convenience stores, store extensions, relatively new selling space and the internet was stripped out, Sainsbury's underlying sales volumes were likely down 3-4 percent.
The firm kept its forecast for underlying sales growth for the 2014-15 year similar to the 0.2 percen