Supermarket giant Sainsbury’s has announced plans to reduce its headcount by over 3,000 roles, including a 20 percent reduction in senior management roles. The move comes as part of its continued ‘Next Level’ strategy, a three-year initiative initially launched in 2023 with the mission of simplifying central divisions and management structure....
24 Jan 2025
For the third quarter, total sales at Britain's supermarket group Sainsbury’s increased by 3.7 percent and sales over the Christmas period increased by 3.8 percent, while like-for-like sales increased by 2.8 percent. The company said in a release that while general merchandise and clothing sales were down 0.1 percent, clothing sales grew by 2.2...
10 Jan 2025
Supermarket giant Sainsbury’s has welcomed modest growth for its clothing brand Tu, despite general merchandise and clothing sales declining 1.5 percent in the first half of the current financial year. In the 28 weeks ended 14 September 2024, the retailer’s Tu Clothing range welcomed a 1.3 percent increase in sales, benefitting from a stronger...
7 Nov 2024
Months after implementing a strategy that placed food back at the forefront of its focus, it appears that the plan is beginning to pay off for Sainsbury’s. In the supermarket giant’s latest Q1, for the 16 weeks to June 22, 2024, it reported a year-on-year sales growth of 4.2 percent for its own stores, while total retail sales (excluding fuel)...
2 Jul 2024
In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...
29 Apr 2024
British supermarket retailer Sainsbury’s has said that it is planning to cut around 1,500 roles across the business as part of its ongoing ‘Next Level’ strategy designed to simplify the company’s structure. Among the retailer’s plans are that of making a more simplified Store Support Centre, creating more efficient Contact Centre operations and...
1 Mar 2024
J Sainsbury reported third quarter clothing sales declined 1.7 percent and Christmas clothing sales were down 6 percent versus the same period last year. Sainsbury’s said Tu clothing regained some momentum in a market that remains highly promotional, partially reflecting unseasonably warm weather, particularly over Christmas. Partywear and...
10 Jan 2024
Sainsbury’s has said that it would be investing 200 million pounds in order to increase the rate of employee pay by 9.1 percent, effective from March. The supermarket giant will be increasing the wage to 12 pounds an hour, and 13.15 pounds for colleagues in London, making it the company’s “biggest ever investment into colleague pay” with 120,000...
5 Jan 2024
As the UK continues to battle on through its cost-of-living crisis, an increasingly prominent offset of the financial crunch has become front of mind for many retailers in the region. Shoplifting and retail theft is up 27 percent across 10 of the largest cities in the UK, according to the British Retail Consortium (BRC), which had been calling...
12 Sept 2023
Supermarket giant Sainsbury’s is believed to be prepping for the launch of its own third-party fashion marketplace as it looks to leverage its distribution capabilities. According to The Sunday Times, the retail chain is said to have approached a number of fashion brands in regards to the new offering, including Jigsaw and White Stuff, which...
22 May 2023
Sainsbury's has reported a slight increase in sales at its fashion brand Tu Clothing in the third quarter of the year. In the three months to January 7, clothing sales were up 1.3 percent compared to a year ago, but down slightly 0.4 percent compared to pre-pandemic levels from three years ago. For the Christmas trading period - the six weeks to...
11 Jan 2023
UK supermarket chain Sainsbury’s has announced its CFO Kevin O'Byrne will retire from the business in March 2023 after six years in the role. The retailer’s commercial and retail finance director Bláthnaid Bergin will succeed O'Byrne, effective March 6. Bergin joined Sainsbury's in 2019 as group director of finance before being promoted in 2021...
5 Jul 2022