Sainsbury's serves 18 million customers a week
|
Sales growth has slowed at supermarket chain Sainsbury's in the past three months as the firm experienced a "challenging economic environment".
Like-for-like sales excluding fuel were up 3.4% in the 12 weeks to 14 June, compared with a 4.1% increase in the previous three months.
The retailer said it was seeing strong sales growth in its expanded, lower-cost basics range.
Sainsbury's online sales operation continued to grow, with sales up 40%.
Including fuel, like-for-like sales were up 7.3% because of the rising price of petrol and diesel.
"Whilst we anticipate that the environment will remain challenging, we operate from a strong financial position," said chief executive Justin King.
Last month, Sainsbury's reported a 28% rise in underlying profits to £488m for the 2007 financial year.
|
Bookmark with:
What are these?