Argos
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Apr- 2025 -17 AprilNews-In-Brief
Today’s news in brief-17/4/25
Sainsbury’s has forecast flat profits for the coming year, expecting operating profit to drop to around £1bn, below market expectations, despite a 7.2% rise in FY25 profits to £1.036bn. Revenue grew 1.8% to £32.81bn, with grocery sales up 4.2%, though Argos saw a 2.7% decline. The supermarket plans to continue…
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17 AprilSupermarkets
Sainsbury’s forecasts flat profits ahead despite 7.2% uplift in FY25
Sainsbury’s has forecast flat profits for the coming year, revealing that it expects its operating profit to drop to around £1bn, below market expectations of £1.08bn. This comes despite seeing its operating profits jump 7.2% to £1.036bn for the year ended 1 March 2025. Overall, the company posted a profit…
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Jan- 2025 -24 JanuarySupermarkets
Morrisons to axe hundreds of roles as part of cost-cutting plans
Morrisons is set to cut more than 200 roles from its Retail People Team, in the same week that Sainsbury’s also announced widespread cuts across the business in order to shore up costs. As part of the cost reduction plan, Morrisons is proposing to remove the roles of regional people manager,…
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23 JanuarySupermarkets
Sainsbury’s to axe 3,000 roles and shut cafes and counters
Sainsbury’s is set to axe 3,000 roles across the business as part of restructuring plans that aim to “simplify” its central divisions and management structures.As part of its three-year Next Level strategy, there will be a 20% reduction in management roles, while it is also set to close its remaining…
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17 JanuaryNews
Sainsbury’s opens first new store of 2025 in Burnt Oak
Sainsbury’s has celebrated the opening of its first new store of 2025 with the arrival of its Burnt Oak Broadway Local store in Edgware. The new 2,626 sq. ft store offers a curated range of meal deals, fresh bread and cakes baked daily in-store, fruit and veg, meat, fish, and…
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10 JanuaryNews-In-Brief
Today’s news in brief-10/1/25
Shein is reportedly planning a London IPO by mid-2025, with Easter 20 April as a possible completion date if regulatory approval is secured. Rachel Reeves, UK Shadow Chancellor, is visiting China for economic talks, accompanied by Britain’s Financial Conduct Authority head, potentially advancing Shein’s IPO progress. Meanwhile, scrutiny from MPs…
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10 JanuarySupermarkets
Sainsbury’s to raise staff pay after Christmas sales increase
Sainsbury’s has announced that it is set to increase staff pay after it saw its sales rise 3.7% for the 16 weeks ended 4 January 2025. Alongside this, Sainsbury’s saw its festive period sales rise 3.8% in the 6 weeks ended 4 January. As a result, the supermarket will split…
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Dec- 2024 -13 DecemberNews
Sainsbury’s opens first ever airport store in Edinburgh
Sainsbury’s has announced the opening of a new 24-hour shop inside Edinburgh Airport. The new convenience store is Sainsbury’s first ever shop to be located at an airport and its arrival is part of a major revamp of the food, drink and shopping options on offer to passengers flying to…
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13 DecemberAdvice
Plinc’s Stuart Russell on AI and personalised retail marketing
In an era of constant transformation, staying relevant to customers while achieving business objectives is no small feat for retailers. Stuart Russell, chief strategy officer at Plinc, has built a career solving this puzzle. His experience in customer marketing spans over two decades, touching industries as diverse as gaming, travel,…
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Nov- 2024 -7 NovemberNews-In-Brief
Today’s news in brief
Asda announced plans to cut 475 head office roles and reduce hybrid work arrangements, requiring staff to be in the office at least three days per week from January 2025. This decision is part of a turnaround strategy aimed at streamlining the company’s structure amidst challenging market conditions. The layoffs,…
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