Sainsbury’s won shoppers from rivals at Christmas but Argos sales dive
by Sarah Butler from on (#6HQYY)
Supermarket reports 8.6% rise in grocery sales, although consumers rein in spending on electrical goods
Sainsbury's won shoppers from all its major grocery rivals this Christmas but sales at its Argos chain dived, in a worrying sign for high street rivals.
The UK's second-biggest supermarket reported an 8.6% rise in grocery sales in the six weeks to 6 January but Argos sales fell 4.2% in the same period as shoppers reined in spending on electrical goods and furniture.
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