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Argos stunts Sainsbury's growth

Catalogue retailer struggles in tough climate for non-food sales
Argos stunts Sainsbury's growthPublished on January 10, 2025
  • Grocery sales up 4.1% in third quarter
  • Argos sales are down 1.4%

Like its peers, J Sainsbury (SBRY) reported a decent Christmas trading period thanks largely to the performance of its food arm. Grocery sales were up 3.8 per cent in the six weeks to 4 January and 4.1 per cent for the quarter, broadly in line with expectations.

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