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Sainsbury's Sales Surge, Outpacing UK Retail

Sainsburys, UKs second-largest supermarket, reports a 3.4% sales boost over Christmas, driven by grocery sales. Despite a dip in general merchandise, the company anticipates over £1 billion in operating profit for the year. Sainsburys UK grocery market share increased by 30 basis points, while general merchandise and Argos sales declined. Both Sainsburys and Tesco are outperforming UK retail by focusing on value deals amidst economic challenges.

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