Sainsbury's sales down again as King set to abdicate

As Sainsbury’s CEO Justin King is set to check out, the chain has reported its second consecutive fall in like-for-like sales.

In the 12 weeks to 7 June, the supermarket chain’s like-for-like sales, excluding fuel, were 1.1% lower compared with a year earlier.

Like-for-like sales, including fuel, fell 2.4%.

Total sales for the quarter, excluding fuel, rose by 1%.

In a statement King said: “Lower food price inflation and reduced fuel prices are a welcome respite to customers’ finances, but they continue to spend cautiously, leading to industry growth in the quarter being the slowest in a decade.”

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