Sainsbury's Christmas quarter hurt by weak general merchandise
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LONDON (Reuters) - Sainsbury's reported a slight drop in underlying sales in the key Christmas quarter when weak demand for general merchandise overshadowed solid sales of food. The group, which is trying to rebuild investor confidence in its strategy following a botched attempt to take over rival Asda , said on Wednesday like-for-like sales, excluding fuel, fell 0.7% in the 15 weeks to Jan. 4, its fiscal third quarter.That compares with a second quarter fall of 0.2%.Sainsbury's said that..