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Supermarket giant Sainsbury’s has vowed to extend its price matching campaign as it revealed better-than-anticipated sales in the lead-up to Christmas. The UK’s third biggest grocer saw like-for-like sales before taking fuel into account grow by 2.1 per cent over the 14 weeks ending 7 January, with customer transactions during the week before Christmas rising [...]
(Read More)14th Oct 11
Sainsbury’s aims to create 50,000 jobs
by Adam Richards
Supermarket giant Sainsbury’s hopes to create 50,000 new jobs 2020, increase its fair trade products and double the amount of British-produced food it sells under a new £1bn sustainability plan. The retailer, which boasts 21 million customers and nearly 1,000 stores, described it as the most far-reaching and ambitious programme which the industry has ever [...]
(Read More)6th Oct 11
Tesco’s UK sales fall as consumers avoid non-essential spending
by Adam Richards
Tesco has reported its poorest six-monthly UK sales results for two decades as higher food and petrol costs contributed to a significant decline fall on non-essential items such as CDs, games and gadgets in its stores. Like-for-like sales in the UK, excluding fuel and VAT, went down by 0.5 per cent during the six months [...]
(Read More)19th Sep 11
Sainsbury’s boss says red tape is harming high street
by Sally Davies
The chief executive of Sainsbury’s, Justin King, has been highly critical of the problems with Britain’s high street at a time when the government is carrying out a consultation exercise which could ease the regulations on out-of-town development. King said that high street operators are faced with a range of problems, including one-way streets, a [...]
(Read More)13th Jul 11
Sainsbury’s and Jamie Oliver end partnership
by Harry Oldfield
Jamie Oliver’s time as the face of Sainsbury’s has come to an end, after an advertising contract lasting 11 years, which is believed to have earned him over £10m, was severed. The celebrity chef, an outspoken campaigner on animal welfare and food standards, has appeared in over 100 adverts for Sainsbury’s, offering endorsements which have [...]
(Read More)17th Jun 11
Sainsbury’s chief says UK consumer economy at 30-year low
by Natasha Redman
Sainsbury’s chief executive Justin King has said that the current consumer economy is the most difficult he has faced in the near-30 years he has been involved in the industry. King, who joined the supermarket giant in 2004 following stints at Asda, Mars and Marks & Spencer, said that he has been in the grocery [...]
(Read More)16th Jun 11
Sainsbury’s growth outstrips Tesco
by Paul Russell
Sainsbury’s has continued to fight through Britain’s economic depression, recording sales growth figures over the past three months which comfortably outperformed those of Tesco. Despite not hitting analysts’ predictions, Sainsbury’s, the second-largest supermarket chain in Britain, is in a confident mood. It informed the City that it was positively impacted by families enjoying the unusually [...]
(Read More)9th Jun 11
Sainbury’s boss sees pay cut
by Katie Naylor
Sainsbury’s boss Justin King earned substantially less pay in 2010 after the supermarket group failed to hit sales growth and other performance related targets. Although King took home £3.2m, his pay was significantly lower than a year earlier when he pocketed almost £8m for the financial year in 2009, helped by cashing in on share [...]
(Read More)12th May 11
Sainsbury’s staff bonus pool slashed by quarter
by Harry Oldfield
Sainsbury’s staff: smaller bonus pool Supermarket giant J Sainsbury’s staff bonus pool has dropped by a quarter, in spite of the supermarket chain posting improved profits and sales for the latest financial year. The company’s 150,000-strong workforce will have to share £60m, announced Sainsbury’s on Wednesday morning, upon announcing its preliminary results for the previous [...]
(Read More)13th Apr 11
Sainsbury’s launches 1 Million Kids Challenge
by Adam Richards
With 500 days to go until the Paralympic Games’ Opening Ceremony, the 2012 London Paralympic Games’ Official Partner, Sainsbiry’s, has begun its 1 Million Kids Challenge. The aim of the Challenge is to encourage one million British children from across the country to sample the excitement by having a go of a Paralympic sport. In [...]
(Read More)