Grocery sales rose by 4.1 pc over Christmas
Sainsbury’s is set to increase staff wages by 5 per cent after its “biggest ever” Christmas. The supermarket giant said it saw a strong performance in the key Christmas period amid soaring demand for party food and bottles of fizz.
This pay rise, which will affect 118,000 hourly-paid workers, will see the minimum annual pay for a full-time worker outside London increase from £22,882 to £24,026 by August this year. The new pay deal came as Sainsbury’s reported an increase in sales over the latest quarter. The retail giant said overall group sales, excluding fuel, were up 2.7 per cent for the 16 weeks to January 4, driven by strong momentum in its grocery business.
The company said it is on track to meet its profit guidance for the year as a result, telling shareholders its retail underlying operating profits are likely to be towards the middle of its £1.01 billion to £1.06 billion range.
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