Sainsbury’s
This coverage analyses Sainsbury’s strategy, operations, and performance within the UK grocery and retail sector. Reporting includes store and online developments, product innovation, financial results, marketing initiatives, sustainability efforts, and leadership decisions. With a focus on commercial impact and competitive positioning, it provides insights for retail professionals managing grocery, convenience, and multi-channel operations.
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Jul- 2024 -8 JulyNews
Today’s news in brief-8/7/24
James Timpson OBE, CEO of the Timpson shoe repair chain, has been appointed as the new Minister for Prisons, Parole, and Probation following Labour’s landslide victory in the general election. Timpson, who has been involved in the family business since his school days, has grown the company from 320 to…
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8 JulySupermarkets
Asda scraps four-day work week trial
Asda has reportedly scrapped its trial of a four day work week after staff were left exhausted, according to reports from The Telegraph. Under the trial, employees in 20 of its stores worked a usual 44 hour work week in four days rather than five. However, many staff complained that…
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2 JulyNews
Today’s news in brief-2/7/24
Shop price inflation in the UK saw a significant slowdown in June, dropping to 0.2% from 0.6% in May, marking the lowest rate since October 2021. This decline was driven by a 1% decrease in non-food prices and a deceleration in food inflation to 2.5%. Helen Dickinson of the BRC…
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2 JulySupermarkets
Sainsbury’s Q1 sales jump 2.6% as it hails market share gains
Sainsbury’s has revealed that its retail sales rose 2.6% and also hailed its market share gains during the 16 weeks ended 22 June 2024. Sales at Sainsbury’s alone rose 4.2%, with grocery sales up 4.8% but its general merchandise and clothing sales dropped 4.3%. The retailer stated that the sales drop…
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Jun- 2024 -20 JuneNews
Today’s news in brief-20/6/24
Sainsbury’s announced the sale of its banking arm’s personal loan, credit card, and retail deposit portfolios to NatWest, scheduled for completion next year. The sale, which excludes Sainsbury’s Bank’s commission income businesses like insurance and travel money, will involve Sainsbury’s paying NatWest £125m to take over the portfolios. Sainsbury’s plans…
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20 JuneSupermarkets
Sainsbury’s to sell banking portfolios to NatWest
Sainsbury’s has agreed to sell its banking arm’s personal loan, credit card and retail deposit portfolios to NatWest, in a deal that is set to complete next year. Under the deal, Sainsbury’s Bank will pay NatWest £125m to take on the portfolios. The sale will not include Sainsbury’s Bank’s commission income…
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19 JuneNews
Today’s news in brief-19/6/24
UK inflation has hit its target for the first time in almost three years, with consumer price inflation easing to 2% in May, down from 2.3% in April. The Bank of England last reached this target in July 2021. The Office for National Statistics attributes the decline primarily to falling…
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19 JuneSupermarkets
Uber Eats couriers to pick and pack grocery orders under new scheme
Uber Eats has announced the launch of a new service that will enable its couriers to pick and pack supermarket orders on behalf of customers. It comes as the company revealed the number of shoppers who have placed a grocery order on its platform has nearly doubled in the last…
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18 JuneSupermarkets
Supermarket sales slow in May as wet weather dampens visits
Take-home grocery sales rose by just 1.0% over the four weeks to 9 June 2024, marking the slowest increase since June 2022 as poor weather and falling inflation impacted the sector, according to the latest data from Kantar. Growth in footfall has also stalled, with the average shopper visiting a…
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17 JuneNews
Sainsbury’s completes Cobham superstore renovation
Sainsbury’s has recently completed the renovation project of its Cobham supermarket to upgrade the entire store. Over the past few months, employees in Sainsbury’s Cobham have been working to give the store a whole new look. The supermarket has been reimagined to showcase Sainsbury’s latest product offer and state-of-the-art format…
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