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Sainsbury's unable to deliver Christmas cheer to investors as sales decline

Neil Wilson from Markets.com tells Proactive London's Andrew Scott the third quarter, including the crucial Christmas period, proved tough for J Sainsbury plc (LON:SBRY) as sales declined amid fierce competition in the grocery market.

The supermarket group, which has agreed to take over Walmart Inc’s (NYSE:WMT) Asda, said total retail sales, excluding fuel, fell 0.4% in the 15 weeks to January 5. On a like-for-like basis, retail sales, excluding fuel, dropped 1.1%

Wilson also talks through Ted Baker PLC (LON:TED) where shares jumped this morning as the fashion label unveiled a solid Christmas trading update despite a difficult retail market.

Plus, he offers up a few thoughts on Mothercare plc (LON:MTC) which has left its full-year profit guidance unchanged as improved trends in its international sales helped its quarterly sales to hold steady despite continuing challenging trading conditions in the UK and the impact of store closures.

 
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