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Sainsbury's reports strong Christmas sales as essential retailers gain

Boom continues as Covid restrictions and lockdowns bolster trade Sainsbury’s has upgraded its profit expectations by £60m after surging sales of champagne, steaks and other luxury food drove stronger than expected sales over Christmas and new year. The UK’s second largest supermarket reported that like-for-like sales jumped by a stronger-than-expected 9.3% year-on-year during its Christmas period, from 1 November through to 2 January. Continue reading...

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