Sainsbury (j) Share Discussion Threads

[loganair] 26/6/2020 10:48

When Sainsbury's took over Argos they said it was because:

1. Argos had better logistics then Sainsbury's.

2. By closing c65% of the Argos shops and bringing them into Sainsbury's stores will save £110mln a year and will fill empty spaces in current Sainsbury's stores.

The other c35% of Argos stores will remain as stand alone stores.

3. By closing Argos head office would also bring a saving.

[spob] 26/6/2020 10:28

I guess most Sainsburys directors have never used an Argos store.


So they will not understand the importance of keeping most of the proper Argos stores open.

Trust me, if they close all of the stand alone Argos shops then the Argos brand will be dead.

[poikka] 26/6/2020 08:12

A reminder of the costs that Covid has imposed on supermarkets - Tesco:

"...The majority of these costs relate to payroll which includes the provision of twelve weeks' paid leave to 26,000 vulnerable colleagues, in addition to the recruitment of 47,000 temporary colleagues to cover absence and meet increased demand.

We have also incurred costs in areas such as distribution, where we have needed to re-open previously mothballed distribution centres and property, where we have incurred costs to adapt the store environment and temporarily lost tenant income.

The provision of safety-related consumables and personal protective equipment across all of our 3,628 stores in itself results in a charge of c.£(65)m.

In total, our latest estimate of incremental costs for the UK for the full year is c.£(840)m. These costs will be partially mitigated by the UK business rates relief of £532m and a contribution from additional food sales."

[pmount] 25/6/2020 17:28

Lidl and Aldi put this well into shorting. chop prices or lose cutom, Aldi no longer a laughing stock stock. Covid was lucky for them but now its time to go back to 180p. People remember them removing all offers due to ques outside and they will pay for that.

[tim 3] 25/6/2020 14:46

The standalones will be gone in time imo.Even though many items are not available instantly you can still order online in the morning and collect the same day which is pretty fast.It would not surprise me if some standalones remain shut.The Argos in Sainsburys have been incredibly busy during the shut down.

[spob] 25/6/2020 12:04

yes but the in store shops only stock around 20% of the full argos range on site

so you have to wait/come back again later, for most items

when you want something "right now" popping down to a large proper Argos store is much better


if you close all the proper argos shops, then you may aswell kiss goodbye to the argos brand

[loganair] 25/6/2020 11:58

That was one of the two main points Sainsbury's taking over Argos, to close down 1/2 the stand alone Argos shops and bring them into to Sainsbury's stores to fill up space in these stores thereby saving £100mln a year on not having 500 stand alone Argos shops.

[spob] 25/6/2020 11:42

When are they going to open the stand alone Argos shops ?

You know, - the proper Argos shops, which actually keep most things in stock and you can buy items immediately.


What are they waiting for ?

Wake up Sainsburys

[ny boy] 25/6/2020 09:36

Added, must be some excitement due here soon, has finally started to act as a defensive play during volatile markets.

[mercer95] 23/6/2020 16:58

Cheers Nerdlinger, I’m still holding here, bought some Halfords today DYOR GLA

[nerdlinger] 23/6/2020 14:52

large numbers: "The latest grocery market share figures from Kantar show take-home sales from British supermarkets increased by 13.7% year on year in the 12 weeks to 14 June 2020, covering the full lockdown period. Shorter term, the latest four-week ending numbers suggest that while the market has started to edge slowly back towards normality, shopper habits remain a world away from what retailers would usually expect.
Sales growth over the four weeks to 14 June accelerated to 18.9%, up from 17.2%"

if you click on "Check our datavisualisation tool" you can see that aldilidl's market share fell in each of the last 3 Kantar monthly reports but I don't remember that being headlined...

[nerdlinger] 22/6/2020 14:31

Kantar numbers due tomorrow I think, probably expected to be large.

[mercer95] 22/6/2020 09:20

Sainsbury’s share price performing well so far, maybe news about the dividend being reinstated, who knows.

[tim 3] 12/6/2020 13:22

The irony of that Sainsbury's are probably more proactive in equal opportunities and ethnic diversity than any other supermarket.

[oxfordbull] 12/6/2020 12:52

Feel free to boycott them. Less queues for the rest of us!

[xxxxxy] 11/6/2020 18:11

Boycott Sainsbury'shtTps://www.standard.co.uk/news/uk/robert-milligan-statue-removal-sainsburys-boycott-a4464621.html?amp

[mercer95] 11/6/2020 13:51

You go back far enough & half the country is associated with the slave trade, it’s a made up story,already yesterday’s news.

[loganair] 10/6/2020 14:48

I posted on IAG yesterday.

I am surprised IAG are still paying top dollar of Air Europa, however I am not surprised the Spanish government are letting the take over go ahead as with like the French, the Spanish are into having National Champions rather than having many companies to increase competition.

[essentialinvestor] 10/6/2020 14:24

Logan,

very altruistic of you.


I wonder then why having posted a preponderance of cautious articles the EZJ and IAG
boards, you suddenly disappear like a vapour trail with recent share price rebounds.

And I'm guessing you will appear again on any renewed sector share price weakness.

Most of us are interested in making money, rather than if you are long, short or sitting sideways.

[mikepotash] 10/6/2020 14:05

Hello wakey, wakey.

[mercer95] 10/6/2020 09:10

200p plus by the end of the week IMO

[ny boy] 09/6/2020 13:20

Got to be the dullest share on the planet and no dividend..wake me up in 2025 when this is back over 200p!

[mercer95] 03/6/2020 16:54

I’m getting zero benefit from you posting up some random so called analyst‘s opinion who is probably just talking his book anyway but no worries, good finish for the share price today👍

[loganair] 03/6/2020 14:11

M95 - It is for the benefit of all - Yes.

If it was just for my benefit then why would I spend my time and effort in even bothering to post any information.