Wednesday, May 16, 2007

British Market Feels the Organic Pulse

"Booming sales of organic, fairtrade and premium food ranges have helped profits at Sainsbury's leap by 42 per cent to £380 million.

Britain's third biggest supermarket chain said its sales were up more than £1.2 billion, or just under six per cent, to £18.5 billion.

The better than expected figures are the latest indication of a turnaround engineered by chief executive Justin King after a series of management blunders and the extraordinary strength of Tesco drove Sainsbury's to its first ever loss in 2004."

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