Sainsbury’s has Argos outlets in 289 supermarkets, and it says that 20 per cent of its sales start online neil hall/ReutersA slump in demand for toys and video games knocked Sainsbury’s sales over Christmas and overshadowed a strong performance in its clothing and online divisions. The supermarket chain reported a 0.7 per cent decline in total like-for-like sales for the 15 weeks to January 4. Analysts expect Britain’s second largest grocer to be the Christmas winner of the “Big Four” and its performance trumps Morrisons’ 1.7 per cent drop in the 22 weeks to January 5. Sainsbury’s was founded 151 years ago and has 600 supermarkets — 289 of them with Argos outlets — 800 convenience stores and 600 standalone Argos stores. Grocery sales grew by 0.4 per cent, with online sales rising by 7.3 per cent, boosted by a record…

Source: The Times January 08, 2020 09:00 UTC