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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Jan- 2024 -11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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11 JanuaryNews
Sainsbury’s in talks with Gov over Red Sea shipping delays
Sainsbury’s is reportedly in talks with the UK government to mitigate possible shipping delays due to unrest in the Red Sea, according to Bloomberg. Bloomoberg understood that the chief executive of the retailer, Simon Roberts, said the business is working hard to make sure the latest intelligence is understood and…
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10 JanuaryNews
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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10 JanuarySupermarkets
Sainsbury’s Q3 sales jump 6.5% amid Christmas boost
Sainsbury’s has revealed that its retail sales jumped 6.5% for the 16 weeks ended 6 January 2024. As a result of this the company has reiterated its expectations of an underlying full-year profit of between £670m and £700m. Alongside this, the company’s grocery sales were up 9.3% while its Christmas…
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9 JanuarySupermarkets
Brits spend record £4.8bn on groceries during Christmas
Sales at the UK supermarkets reached a record breaking £4.8bn during the week ending 23rd December 2023, according to the latest data from NIQ. This is a +4.3% uplift in sales compared with Christmas in 2022 as volumes also increased by 1.2% as shoppers traded up at this busy time…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuarySupermarkets
Sainsbury’s invests £200m to raise wages by 9%
Sainsbury’s will be investing £200m to increase colleague pay to £12 per hour – £13.15 in London – from March. The move is the biggest investment made by the retailer into staff pay and will benefit some 120,000 colleagues, giving them an extra £1,910 a year nationally and £2,290 a…
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3 JanuaryNews
Today’s news in brief- 3/1/24
Asda has appointed Matt Kelleher, former Chief Information Officer at Morrisons, as its first Chief Digital Officer. Kelleher will be responsible for data and ecommerce functions, leading all technology functions after completing the ongoing technology transformation project ‘Future.’ This move is part of Asda’s long-term ambition to become the UK’s…
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3 JanuarySupermarkets
Supermarkets see highest December transactions since 2019
Britons made 488 million trips to the supermarkets over the four weeks to 24 December, 12 million more than last year and the largest number at Christmas since 2019. According to data from Kantar a record £13.7 bn passed through the tills, with the average household spending an all-time high…
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2 JanuaryPeople Moves
The Co-op welcomes new board members
The Co-operative Group has announced the appointment of Moni Mannings and Luke Jensen as independent non-executive directors, effective from today (2 January) and 19 February respectively. Mannings joins as a highly regarded NED, SID and committee chair with a unique depth and breadth of board experience across a wide range…
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