Sainsbury (j) Share Discussion Threads

[loganair] 03/7/2019 12:32

The Argos deal was buying a low margin business with much of the savings coming from moving Argos stores out of the high street and bringing them into larger Sainsbury's stores and hopefully increasing footfall which doesn't seem to have been the case when it comes to footfall.

[poikka] 03/7/2019 10:03

Careful - you've hit the nail on the head, there.

Once again, I'm going against the grain by supporting Coope - the Argos deal was brilliant and the upgrades are storming along. The Asda deal would have worked very well, also, and I think that they were unlucky to have lost that one.

The discounters' growth will eventually slow down, and the big supermarkets will continue to improve their competitiveness with a much greater range.

[poikka] 03/7/2019 09:56

Loganair - "Irrespective on my investment, I'm one of the unusual folk who will write both negative and positive posts on the same company.

I'm not one of these who write postive posts when invested and negative when not invested."

Quite right, logan, just wondered why you posted so many negative posts about a share. I guessed that you weren't invested.

I sometimes post negative comments about companies that I'm invested in, but soon sell if I reckon that they're not worth holding.

But always good to hear differing points of view about shares, so I'm in no way suggesting that you shouldn't post negative comments.

[konradpuss] 03/7/2019 09:48

Imperial3, I think that loganair could be correct.

Let's hope Coupe actually knows how to 'stick to the knitting'. I have my doubts.

[imperial3] 03/7/2019 09:36

loganair.

I completely disagree with you when you think that the share price will fall to about 150p.I believe that will never happen.

[careful] 03/7/2019 09:21

Share is steady now.
With a £29bn turnover SBRY could do well if it is tightly managed with financial discipline.

Coop has to concentrate on his day job now, no more exciting deals, just retailing.
Retail is detail, and if he executes his strategy correctly including the integration of Argus and store updates, this could do well.

Most customers are loyal to the store they use in the most convenient location.

[loganair] 03/7/2019 09:13

Irrespective on my investment, I'm one of the unusual folk who will write both negative and positive posts on the same company.

I'm not one of these who write postive posts when invested and negative when not invested.

[poikka] 03/7/2019 08:48

Guess that you're not invested in Sainsbury's, loganair?

[loganair] 03/7/2019 08:31

I'm not surprised to see clothing sales have declined so much as I've been posting this year how TU clothing has declined in quality.

I use to buy TU clothing for my children as their play clothing, sadly the jogging bottoms they only put on 4 months ago have already worn into holes when before the quality was such they would last until the little ones had out grown them.

[poikka] 03/7/2019 07:59

I'm going against the grain here.

The upgrading of their supermarkets must have hit sales, judging from what I've seen at their big Hedge End store. The disruption there is massive, although they're handling it well. When its completed, it's going to boost sales. Multiply that across the stores undergoing similar improvements and the sales decline doesn't look unexpected - in fact I'm surprised that it wasn't greater.

I'm holding in anticipation of better sales next year.

[debsdowner] 03/7/2019 07:38

Sales slip at Sainsburys market wont like the numbers:



Shorts will increase imo.

[konradpuss] 03/7/2019 07:33

Imperial3, yes if they get and new inspirational CEO, however it would still be a very difficult sector. Aldi and Lidl are game changers. They will stop growing eventually however I think you would need to be Mystic Meg to know at what percentage of the market that will be.

I do not think it is any good looking at the last cycle for that percentage.

Coupe is a self serving clown. Finally, they are doing completely the wrong thing selling their freeholds of the larger stores.

[grupo] 03/7/2019 07:32

Outlook

Retail markets remain highly competitive and promotional and the consumer outlook continues to be uncertain.


BUYWELL YOU ARE SPEEDY


Thats the shortist outlook i have seen in a long time

CHEERS

[buywell3] 03/7/2019 07:30

From the trading update today

Outlook

Retail markets remain highly competitive and promotional and the consumer outlook continues to be uncertain.



buywell notes:

This should impact BIG four supermarkets as ALDI and LIDL don't have the above problem

[edmondj] 03/7/2019 07:26

Tough market indeed. Now I see why I am getting '£3 off your next purchase of £20+' vouchers, nearly every time I shop at Sainsbury.

[spob] 03/7/2019 07:16

" Improving market share performance in a tough market "

yes ... i am scratching my head and narrowing my eyebrows

[spob] 03/7/2019 07:14

minus 1.6% for the quarter

the worst performance over the last year


is this a surprise to anyone here ?

[poikka] 02/7/2019 18:06

No probs, Tim, just the way I read it.

Anyway, Q1 tomorrow. Little bit concerned about margins with all the offers they've been dishing out. Must fill up the missus' car with 10p off before the deadline. Every penny counts, as their competitor used to say, which is why I'm filthy rich ;).

[waldron] 02/7/2019 16:47

loganair
2 Jul '19 - 16:40 - 20034 of 20034

why not use it as leverige and ask for support from sainsbury

SUPPORT MINORITY GROUPS



such as ................


get sponsors

USE THE NEWS TO YOUR ADVANTAGE

loss of memmory is another ever increasing minority group


cheers

[tim 3] 02/7/2019 15:57

Polkka.

Was not lecturing you, apologies if it came over that way was just pointing out my opinion that they do a good job in supporting autistic people.