Sainsbury's news and analysis – Page 167
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News
Sainsbury agrees on Sir Peter’s payoff
Sainsbury has announced that it has reached settlement with Sir Peter Davis over his controversial payoff. Under the terms of the settlement, Sir Peter will now receive a cash payment of £2.6m and a final settlement of his claim for shares...
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Five senior managers set to leave Sainsbury
A number of senior managers are leaving Sainsbury. Head of food and health, Gill Fine, is moving to take up the directorship of the Food Standards Agency’s new department, consumer choice and dietary health.FSA said the establishment of...
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JS signs Christensen as supply chain chief
Sainsbury has drafted in top logistics expert Lawrence Christensen in a bid to tackle the problems afflicting its new distribution centres.Christensen, who was group operations director of Safeway before its acquisition by Morrisons, has joined...
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Wiseman wins again with Tesco milk deal
Robert Wiseman Dairies has been successful in Tesco’s review of its fresh milk supply arrangements, as well as increasing its fresh milk share at Sainsbury, as reported yesterday.The company will now hold a 60% share of Tesco’s fresh milk...
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Sainsbury may relocate its HQ
Sainsbury said yesterday it was seriously considering moving out of its Central London head offices, according to newspaper reports.The supermarket retailer outbid US investment bank Goldman Sachs four years ago to rent the former Mirror...
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Sainsbury buys Jacksons Stores
Sainsbury has bought convenience store chain Jacksons to boost its presence in this rapidly growing segment of the grocery market.Jacksons Stores runs 114 stores across Yorkshire and the North Midlands, and it recorded a turnover of £143m...
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JS denies TU TV u-turn
Sainsbury has denied that it has scaled back the launch of its new Tu clothing range next month after reports that it had scrapped a £4m TV launch of the new label.A spokeswomen said that there had been no plans for such advertising, and added:...
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Three heads add variety
Sainsbury is stocking a new, three-headed lettuce variety.The Trinity lettuce is a hybrid of three differently coloured varieties – lollo biondo, lollo rosso and red oak leaf.The lettuce, grown in a 14-acre glasshouse in Cranleigh, Surrey,...
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King rallies JS suppliers
New Sainsbury boss Justin King has urged suppliers to play their part in the rebuilding the supermarket chain – not sit on the sidelines as spectators.In an exclusive interview with The Grocer, King said suppliers recognised that the industry...
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Xcarb’s offerings for Atkins fans
Entrepreneurial newcomer Xcarb is launching a range of low-carb foods to tap into the current Atkins diet-fuelled craze in the UK.The company, set up last year by ex-Sainsbury buyer Dave Marshall, has developed a range of low-carb foods to...
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Sainsbury hurts Somerfield
Sainsbury recently opened a new £16m store in Selsdon, the first to open under the company’s new group chief executive Justin King.The development had faced considerable opposition from a local MP and Croydon Council, which rejected the...
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Sainsbury hurts Somerfield
Sainsbury recently opened a new £16m store in Selsdon, the first to open under the company’s new group chief executive Justin King.The development had faced considerable opposition from a local MP and Croydon Council, which rejected the...
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King’s supply chain vow
Supply chain problems at Sainsbury have led to repeated prosecution by trading standards, chief executive Justin King admitted at the company agm on Monday.Most recently, the company was fined £18,000 last month after it was discovered that...
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King’s supply chain vow
Supply chain problems at Sainsbury have led to repeated prosecution by trading standards, chief executive Justin King admitted at the company agm on Monday.Most recently, the company was fined £18,000 last month after it was discovered that...
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Sir Peter...and other problems
Sainsbury chief executive Justin King is expected to face tough questioning from shareholders at Monday’s agm, demanding to know how he plans to revive the flagging company.King has already stated he is carrying out a review of the business and...
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asda’s in town
Asda opened the doors of its first town centre-located supercentre on Thursday, bringing its supercentre tally to 13. The chain invested £9.5m in refurbishing the former Sainsbury Savacentre site at the Eastgate Centre in Basildon, Essex, purchased...
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Sainsbury spotlights paw paws
Exotic fruit is coming under the spotlight in Sainsbury stores in a bid to expand consumer knowledge beyond mangoes.
The retailer recently conducted a ‘try me free’ promotion on paw paw fruit which saw sales soar 300% during April and… -
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City applause for Hampton at JS
The City has welcomed the appointment of Philip Hampton, group finance director of Lloyds TSB Group, as the new chairman of Sainsbury.Hampton has a reputation for pushing through radical restructure and change which one analyst said was exactly...
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Sainsbury shares plummet
Sainsbury shares tumbled by 16.75 to 268.5p yesterday after a severe profits warning was announced following the departure of chairman Sir Peter Davis.Yesterday’s profit warning downgraded its forecasts to £400m against its previous estimate...
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Peter Davis quits
Sainsbury has issued a profits warning as well as replacing Sir Peter Davis as chairman of the company.It has announced today that its pre-tax profits for 2004/2005 will be significantly below consensus market forecasts.The majority...