Tu Clothing news and archive

Sainsbury's posts 6.4 percent decline in clothing sales

In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...

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Sainsbury's Tu Clothing Christmas sales drop 6 percent

J Sainsbury reported third quarter clothing sales declined 1.7 percent and Christmas clothing sales were down 6 percent versus the same period last year. Sainsbury’s said Tu clothing regained some momentum in a market that remains highly promotional, partially reflecting unseasonably warm weather, particularly over Christmas. Partywear and...

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Tesco ups FY profit outlook, but Home and Clothing sales fall in H1

British supermarket giant Tesco has upped its full-year profit guidance after reporting a robust first half of the year, despite sales at its Home and Clothing division declining. The retailer reported a 8.9 percent increase in group revenue in the six months to August 26, reaching 30.7 billion pounds. That came as its profit surged to 929...

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Sainsbury’s clothing sales decline in Q1

J Sainsbury plc reported first quarter like-for-like sales increase of 9.8 percent, while total retail sales were up 9.2 percent. While general merchandise sales rose 4 percent, with Argos sales up 5.1 percent, the company’s clothing sales were down 3.7 percent. The company said in a release that clothing sales were impacted by the cooler...

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Sainbury’s Tu clothing reports drop in full year sales

Sainsbury’s Tu clothing sales decreased by 3 percent to 1 billion pounds for the year ending March 4, 2023. The company said clothing sales growth was adversely impacted by a first quarter that annualised elevated sales the prior year when Covid-19 restrictions closed non-essential retail stores. Tu’s full-price sales now make up 80 percent of...

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Tu Clothing: Christmas trading helps boost Q3 sales

Sainsbury's has reported a slight increase in sales at its fashion brand Tu Clothing in the third quarter of the year. In the three months to January 7, clothing sales were up 1.3 percent compared to a year ago, but down slightly 0.4 percent compared to pre-pandemic levels from three years ago. For the Christmas trading period - the six weeks to...

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Sainsbury’s Q1 clothing sales ‘in line with expectations’

Tu Clothing owner Sainsbury’s said Tuesday its general merchandising and clothing sales in the first quarter ended June 25 were “in line with expectations” against a strong comparative last year. Clothing sales were down 26 percent in the first five weeks of the period, but down just 2 percent in the final 11 weeks. Sainsbury’s enjoyed a...

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Sainsbury's taps former John Lewis vet to lead fashion and home divisions

Sainsbury's has appointed former John Lewis exec Christine Kasoulis as the new category director for its clothing, home and furniture divisions. Kasoulis brings “significant retail experience and will be a fantastic addition to the business”, a Sainsbury’s spokesperson said. She will report to Paula Nickolds, the retailer’s general merchandise...

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Sainsbury’s clothing sales recover, profit increases

In the 52 weeks to March 5, 2022, the J Sainsbury Group generated pre-tax profit of 854 million pounds and an underlying pre-tax profit of 730 million pounds, up 373 million pounds and up 144 million pounds compared to 2019/20. The company’s Tu Clothing is now a 1 billion pounds brand, with sales growth of 3.1 percent versus FY 2019/20,...

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Jo Bertram to join J Sainsbury board as non executive director

J Sainsbury plc has announced that Jo Bertram will join the board as a non-executive director and member of the CR&S committee following the annual general meeting (AGM) on July 7, 2022. The company said in a release that Jo Bertram is currently managing director, business & wholesale at Virgin Media O2 and prior to this held senior director and...

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Sainsbury's ups profit outlook despite drop in Christmas sales

Tu Clothing owner Sainsbury’s has increased its full-year guidance despite a year-on-year drop in sales during the important Christmas period. In the six weeks to January 8, the British supermarket giant’s sales were down 2.4 percent compared to a year ago, though they were up 3.1 percent compared to two years ago, prior to the pandemic. The...

Retail

Sainsbury’s introduces check-out free shopping

Sainsbury’s has launched its contactless, check-out free shopping, called SmartShop Pick and Go. A part of its in-store digital innovation, the new option builds on the success of SmartShop, which grew 173 percent last year. SmartShip Pick and Go uses Amazon’s Just Walk Out technology. In order to use the new service, customers simply scan a QR...