Week Ahead: Aldi and Lidl tightening the screw on Sainsbury’s as retailers fight to retain price-wary customers April 23, 2023 The supermarket giant is set to report a fall in annual pre-tax profits this week, posting up to £690 million, down from £730 million last year. According to the latest Kantar survey, Sainsbury’s reported a strong 12-week sales growth of 12 per cent at the end of March, but fell short of rivals Aldi and [...]
Sainsbury’s forks out £431m to buy 21 store freeholds as it looks to dump lease liabilities March 14, 2023 Sainsbury’s has secured a £430.9m deal to buy the freeholds of 21 supermarkets from real estate investment group Supermarket REIT. The grocery chain has acquired the remaining 51 per cent stake it did not already own in the Highbury and Dragon investment – which is a portfolio of stores Sainsbury’s acquired a 49 per cent [...]
Sainsbury’s to pump tens of millions into its prices to offset inflation pressure on Brits August 31, 2022 Sainsbury’s said this morning the supermarket giant plans to invest £65m into its pricing next month amid ratcheting pressure on customers’ budgets. Simon Roberts, chief executive of the supermarket chain, promised the brand will stand with its customers “to ease the financial pressure they face”. The latest pricing pledge – which is part of wider [...]
Queen’s funeral: Drivers warned as Sainsbury’s, Tesco, Asda and Morrisons to shut forecourt petrol stations September 15, 2022 Drivers have been warned not to get caught out after supermarkets including Sainsbury’s, Tesco, Asda and Morrisons said they are closing their forecourt petrol stations on Monday for the Queen’s funeral. The retailers made the announcement today as many companies, including even Heathrow, curtail usual operations out of respect for the late monarch. “All Sainsbury’s [...]
Ex-Sainsbury’s director to share helm of government Environment Agency March 29, 2022 Environment secretary George Eustice has appointed the former Sainsbury’s director as deputy chair of the government’s Environment Agency. Retail veteran Judith Batchelar will step into the new role at the beginning of April as current deputy chair Richard Macdonald’s term ends. Batchelar, who resigned from Sainsbury’s after 16 years last May, worked in the food [...]
Tesco, Sainsbury’s and Greggs join forces to lobby Sunak to slash business rates May 3, 2022 Supermarket giants have reiterated calls for a cut in business rates as firms endeavour to keep prices competitive for shoppers amid rising inflation. Big names including Morrisons and Co-op have come together under a new Cut the Shops Tax campaign, organised by the Retail Jobs Alliance. In a joint letter to Chancellor Rishi Sunak, bosses [...]
Sainsbury’s and M&S walk into shareholder storm over minimum living wage versus bumper bonuses July 4, 2022 As activists mobilise in the first shareholder resolution of its kind, supermarket giant Sainsbury’s will be put under pressure this week to pay all staff and contracted workers the national living wage. Responsible investment campaign group ShareAction is driving the experimental motion at the supermarket giant’s annual general meeting on Thursday 7 July. Legal & [...]
Sainsbury’s and M&S walk into shareholder storm over minimum living wage versus bumper bonuses July 1, 2022 Supermarket giant Sainsbury’s will be put under pressure next week to pay all staff and contracted workers the national living wage, as activists mobilise in the first shareholder resolution of its kind. Responsible investment campaign group ShareAction is driving the experimental motion at the supermarket giant’s annual general meeting on Thursday 7 July. Legal & [...]
Sainsbury’s to pump £500m into offsetting rising costs as CEO says ‘we have to make it easy’ May 30, 2022 Sainsbury’s boss said this morning the supermarket giant plans to pump fresh funds into offsetting rising costs over the rest of the year as shoppers become “increasingly concerned” about their finances. The UK’s second largest supermarket chain said it will invest more than £500m into lower pricing by March 2023 as part of a long-term [...]
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.