Sainsbury’s to cut 1,500 jobs and invest in automation to reduce costs by £1bn Retail Supermarket giant Sainsbury’s has said it plans to cut some 1,500 jobs as part of efforts to reduce costs by around £1bn per year.
Sainsbury’s spends £220million to ‘keep prices low’ for customers SUPERMARKETS Sainsbury’s will have forked out £220m to keep prices down for shoppers by the end of this financial year, according to its boss.
Sainsbury’s: Expected profits up as food shoppers splash Christmas cash but Argos bears brunt of cost of living crisis Christmas boost Sainsbury’s cashed in on Christmas shopping with retail sales up more than five per cent, as the supermarket giant expects its profit to be at the “upper end” of guidance. The major retailer now expects to be making close to £700m in pre-tax profit this March, despite the cost of living crisis weighing down consumer [...]
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Sainsbury’s keeps profit guidance as loyalty card Christmas boosts sales January 10, 2024 British supermarket Sainsbury’s thanked cash strapped shoppers using its loyalty card scheme for a bumper Christmas.
Sainsbury’s injects £200m for staff pay as bumper Christmas helps stave off Lidl and Aldi threats January 4, 2024 Some 120,000 employees at Sainsbury’s and Argos are set to have their hourly wage increase, as the supermarket injects £200m into improving pay. Staff at the ‘Big Four’ grocer will now be handed £12 per hour, in line with the Real Living Wage. For workers in London this will leap to £13.15. Sainsbury’s has increased [...]
Sainsbury’s boss: Brits don’t have time to bargain hunt with rivals December 17, 2023 The chief executive of Sainsbury’s has said that customers are shunning the likes of Aldi and Lidl in favour of ‘Big Four’ grocers, as a return to the office and a resulting lack of time has left them unable to shop around for deals. In an interview with The Telegraph, Simon Roberts said that the [...]
Sainsbury’s predicts profit to exceed £1bn as Aldi price-matching pays off April 25, 2024 Supermarket Sainsbury’s expects profits to exceed £1bn this year as it continues to win shoppers with loyalty card and Aldi price matching schemes.
Sainsbury’s to shutter banking division in ‘food first’ strategy push January 18, 2024 Sainsbury's will undertake a "phased withdrawal" from its banking efforts, the supermarket giant confirmed this morning.
Sainsbury’s to leave central London HQ after two decades December 5, 2023 The Sainsbury’s headquarters is packing up and relocating to the sustainable JJ Mack Building in Farringdon, a six-minute walk from its current location at Chancery Lane.