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Sainsbury's report rise in sales as market share rises Sainsbury's report rise in sales as market share rises
(35 minutes later)
Sainsbury's has reported a rise in UK sales over the last three months.Sainsbury's has reported a rise in UK sales over the last three months.
Like-for-like sales UK sales, excluding fuel, rose by 0.7% in the 12 weeks up to 8 June 2013. It's market share is up by 0.2% to 16.8% in the same period.Like-for-like sales UK sales, excluding fuel, rose by 0.7% in the 12 weeks up to 8 June 2013. It's market share is up by 0.2% to 16.8% in the same period.
The company says that sales from its convenience stores have increased by a fifth compared to last year.The company says that sales from its convenience stores have increased by a fifth compared to last year.
Chief executive Justin King called the figures "A solid performance in what continues to be a tough consumer environment."Chief executive Justin King called the figures "A solid performance in what continues to be a tough consumer environment."
"We have extended our track record to 34 quarters of like-for-like growth. We are the only major supermarket growing market share," added Mr King.
The supermarket says it plans to open two new convenience stores each week during 2013.
Sainbury's says non-food sales are growing at twice the rate of food, with sales of kitchen appliances in particular, increasing by 34% since last year.
Unlike rivals Tesco and Asda, Sainsbury's has not been implicated in the horsemeat scandal, with none of its products testing positive for horse DNA.
The company says that its luxury Taste the Difference brand now accounts for £1bn of its sales.