Sainsbury’s to close all stores, Argos and Habitat on Boxing Day as a ‘thank you’ to its 170,000 employees Sainsbury’s, Britain’s second-largest supermarket chain will keep all of its supermarkets, convenience stores and petrol filling stations shut this Boxing Day as a “thank you” to its roughly 170,000 colleagues. Sainsbury’s added that all its Argos and Habitat stores will also remain shut for the day. The decision follows rivals including Morrisons, Waitrose and Marks [...]
230 Argos jobs at risk as owner Sainsbury’s closes distribution site Argos has said it is set to close its Somerset distribution site, putting 230 jobs at risk at the retailer’s Bridgwater warehouse. The company said it is “committed to fight to save as many jobs as possible” after the site was earmarked for closure next year. Argos owner Sainsbury’s has confirmed that the depot is [...]
Sainsbury’s workers welcome third pandemic bonus and pay rises Sainsbury's workers welcome third pandemic bonus and pay rises Sainsbury’s is set to award its staff with a third bonus and pay rises for keeping shops stocked throughout the pandemic, the supermarket chain said this morning. The group has also announced a pay rise, which forms part of a 24 per cent increase in wages for store staff over the last five years. Following [...]
Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Argos scraps catalogue after 50 years as shoppers move online July 30, 2020 Argos will stop printing its iconic catalogue after almost 50 years due to the increasing shift to online shopping. The retailer said it would stop producing the catalogue due to changing customer shopping habits. The bi-annual catalogue will no longer be regularly printed by the end of January 2021, according to reports. Argos first launched [...]
ii view: Sales retreat at Sainsbury’s July 8, 2019 By Keith Bowman from interactive investor. Tough comparatives have impacted results for this supermarket, but that is no surprise. First quarter trading for 16 weeks to 29 June 2019 Total sales down 1.2 per cent (excluding fuel) Like-for-like sales declined 1.6 per cent (excluding fuel) Grocery sales fell 0.5 per cent General merchandise sales down 3.1 per cent [...]
Why bombed-out Sainsbury’s leads the FTSE 100 May 10, 2019 Hammered since the Asda merger was blocked, our head of markets explains the surge to a three-week high. Rather than fight the decision of the Competition and Markets Authority (CMA), Sainsbury (LSE:SBRY) and Asda decided to call off the wedding. This leaves a huge strategic question mark over where Sainsbury's goes next. Not surprisingly, the [...]
Sainsbury’s profit plummets after spending £46m on failed Asda merger May 1, 2019 Sainsbury’s profits tumbled 42 per cent last year as the supermarket giant spent £46m on its failed merger with Asda, it revealed this morning. Read more: Watchdog kills Sainsbury's-Asda merger: What went wrong? The supermarket suffered a body blow last week when the Competition and Markets Authority (CMA) banned the proposed merger “in its entirety”, a [...]
Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
Chickens come home to roost for Mike Coupe as Sainsbury-Asda deal dies February 22, 2019 Mike Coupe was a happy chappy back in April. Notably he was caught on camera humming the lyrics to the gold digger's song – 'we're in the money' etc, after announcing a supermarket mega merger like no other. This week however the companies' complete lack of understanding of the Competition and Markets Authority has come [...]