Sainsbury’s reports 6.8% sales growth for clothing business in interim results.
Sainsbury’s Tu clothing business continues to outperform the market, enjoying 6.8% sales growth in the 28 weeks to September 23, 2017.
The retailer also reported 54% growth in online sales for the clothing brand during the period.
Notably, Tu Menswear accounts for 15% of clothing sales and is the fastest growing category by volume.
In August, Sainsbury’s confirmed a deal for an exclusive NFL men’s line, while it has also enjoyed strong success with its Admiral collections among others.
In addition, general merchandise has also grown market share, in a challenging market.
Group chief executive Mike Coupe also said that 112 Argos stores are now open in Sainsbury’s supermarkets and there will be 165 by Christmas, in addition to nearly 200 digital collection points across stores.
Click & Collect is rolling out for Argos and Tu Clothing to 100 Sainsbury’s Locals, while Argos Fast Track same day delivery and collection are now the fastest growing channels.
Mike added that the retailer is on track to deliver its £160 million EBITDA synergy target from the Argos acquisition six months ahead of schedule.
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