That doesn’t seem that great, 5% non fuel increase with food inflation at 10%+.
If Sainsbury’s are making a profit then you can only imagine what Aldi’s is making. Long live affordable goods!
Reality doesn’t reflect the constant stream of absolute bullshit constructed by ‘the media’ to make you click more clicks… shocker!
Every shop was packed this Christmas. Everyone I spoke to said the same ‘no cost of living crisis round my way lol’.
The trouble I have with the cost of living crisis is outside the media, its invisible.
Every shop and restaurant and cafe was rammed every time I went out, across like oct-dec. Mad queues.
Bits of that will be people keeping up appearences sure but it doesnt seem likely tbh. The people who did spend do and the people who didnt still dont.
Or the cuts were elsewhere in travel and holidays and then spent that money elsewhere.
Energy and fuel sucked sure, but remember fuel remained like 70% tax across the whole time and energy companies made mental profits and handily destroyed their competition… seems feasible they could have sacrificed a bit of their profits to level prices.
>The group, which also owns Argos, said sales growth was driven by rising prices while volumes had remained “resilient”.
So, people are spending more but getting less. The title should be “Record Christmas for Sainsbury’s *because of* rising costs”.
Shop raising prices across the board announces record profit…… I’m outraged!
We did most of our food shopping in December in Sainsbury’s as it worked out cheaper due to various offers for stuff we wanted and nectar money off vouchers – had about 4 consecutive weeks of £6 off a £60 shop type offers.
This article doesn’t mention profit, just revenue so it’s basically a complete waste of time.
Wish my local would put more checkout staff on then. 2 or 3 staff and queues backing into the aisles.
“Despite rising costs”… don’t you mean BECAUSE OF rising costs? Nobody profits more from inflation than those who sell staple goods which folks need to survive.
The big chain supermarkets seeing record profits this year is about as surprising as seeing the sun set in the evening.
“Despite”
I think the word you’re after is “because”
I had to go and check the actual press release for profits as all that article talked about was sales.
With inflation sales value is going to be up
They don’t mention profit for this period but expect it to be at the upper end of their year start forecast of around 650m
So profit does look healthy as well. But in general it looks like sainsburys did particularly well on actual sales growth (people buying more there) than just the price of stuff being higher.
So it’s not all inflation growth on the sales.
I do most of my shopping at sainsburys and haven’t actually seen a massive increase in my spend. I’ve changed some branded stuff for own brand stuff but seem to be getting the same volume for the same money.
This record profit could be evidence the price rises are from gouging and not any need. I mean, “inflation” and “economic crisis” are amazing excuses to fleece consumers, no incentive for them to be honest or generous…
13 comments
That doesn’t seem that great, 5% non fuel increase with food inflation at 10%+.
If Sainsbury’s are making a profit then you can only imagine what Aldi’s is making. Long live affordable goods!
Reality doesn’t reflect the constant stream of absolute bullshit constructed by ‘the media’ to make you click more clicks… shocker!
Every shop was packed this Christmas. Everyone I spoke to said the same ‘no cost of living crisis round my way lol’.
The trouble I have with the cost of living crisis is outside the media, its invisible.
Every shop and restaurant and cafe was rammed every time I went out, across like oct-dec. Mad queues.
Bits of that will be people keeping up appearences sure but it doesnt seem likely tbh. The people who did spend do and the people who didnt still dont.
Or the cuts were elsewhere in travel and holidays and then spent that money elsewhere.
Energy and fuel sucked sure, but remember fuel remained like 70% tax across the whole time and energy companies made mental profits and handily destroyed their competition… seems feasible they could have sacrificed a bit of their profits to level prices.
>The group, which also owns Argos, said sales growth was driven by rising prices while volumes had remained “resilient”.
So, people are spending more but getting less. The title should be “Record Christmas for Sainsbury’s *because of* rising costs”.
Shop raising prices across the board announces record profit…… I’m outraged!
We did most of our food shopping in December in Sainsbury’s as it worked out cheaper due to various offers for stuff we wanted and nectar money off vouchers – had about 4 consecutive weeks of £6 off a £60 shop type offers.
This article doesn’t mention profit, just revenue so it’s basically a complete waste of time.
Wish my local would put more checkout staff on then. 2 or 3 staff and queues backing into the aisles.
“Despite rising costs”… don’t you mean BECAUSE OF rising costs? Nobody profits more from inflation than those who sell staple goods which folks need to survive.
The big chain supermarkets seeing record profits this year is about as surprising as seeing the sun set in the evening.
“Despite”
I think the word you’re after is “because”
I had to go and check the actual press release for profits as all that article talked about was sales.
With inflation sales value is going to be up
They don’t mention profit for this period but expect it to be at the upper end of their year start forecast of around 650m
So profit does look healthy as well. But in general it looks like sainsburys did particularly well on actual sales growth (people buying more there) than just the price of stuff being higher.
So it’s not all inflation growth on the sales.
I do most of my shopping at sainsburys and haven’t actually seen a massive increase in my spend. I’ve changed some branded stuff for own brand stuff but seem to be getting the same volume for the same money.
This record profit could be evidence the price rises are from gouging and not any need. I mean, “inflation” and “economic crisis” are amazing excuses to fleece consumers, no incentive for them to be honest or generous…