Jim McCarthy, Sainsbury’s managing director of convenience, said he wants to increase turnover in the business to £1bn over this period, and he wants to grow shop numbers from 260 to 400-500 outlets.
As we reported via a newsflash email yesterday, Sainsbury has acquired JB Beaumont, a c-store chain which ranked 48 on The Grocer’s Top 50 list and has six stores across the East Midlands with an annual turnover of £13 million.
This year the grocery retailer also acquired Bells Stores in February and Jacksons in August.
“There are some fantastic retailers and stores out there and we would certainly like to acquire them at the right price. But it is all about quality. It is not a numbers game - we are looking to buy the best,” said McCarthy to The Grocer’s sister publication, Convenience Store.