Sainsbury (j) Share Discussion Threads

[netcurtains] 24/2/2021 09:44

!FOLLOWFEED

[poikka] 22/2/2021 16:01

"The Issa brothers are said to believe the fashion brand, which was founded by fashion retail entrepreneur and founder of Next George Davies in 1990, is outside of their area of expertise."

Lol, supermarkets are "outside their area of expertise", never mind rags.

[loganair] 21/2/2021 16:53

Asda’s new owners are considering a spin-off of the supermarket’s George fashion business, it has been reported.

The Issa brothers are said to believe the fashion brand, which was founded by fashion retail entrepreneur and founder of Next George Davies in 1990, is outside of their area of expertise.

The pair would be more comfortable continuing with the brand on a licensing basis to free up more space in stores. They have already confirmed they are pursuing a partnership strategy that would result in more third party brands, including Accessorize and Claire’s Accessories, introduced into stores.



Brothers Mohsin and Zuber Issa and TDR Capital are in talks to buy more than half of coffee chain’s Caffe Nero’s 350 million pounds ($491 million) of loans.

The acquisition would position the billionaire brothers to make a bid for control through a debt-for-equity swap were Caffe Nero to restructure its borrowing said banking insiders.

[muffinhead] 18/2/2021 17:59

All this online fulfilment is getting MORE expensive

It will come to UK...deliveroo, uber, just eat, supermarkets

[muffinhead] 18/2/2021 17:51

Wage inflation at Walmart



"The country's largest private employer said it would raise pay for U.S. workers to an average ABOVE $15 an hour. Its minimum starting wage for U.S. workers will remain at $11 an hour.

The pay raises will be for store workers in digital and stocking roles, said Walmart U.S. Chief Executive John Furner. That targets roles that have been especially important during the pandemic, including workers that gather products from store shelves for online orders picked up in parking lots or delivered to homes. Walmart has worked to keep shelves stocked as shoppers stockpile certain items such as food and cleaning supplies.

"We saw major changes to customer behavior last year we believe will be lasting, and we have to continue working to stay in-stock, deliver items on time and provide the best omni experience possible," said Mr. Furner.

Starting March 13, pay for workers in those roles will move up to $13 to $19 an hour, based on a store's location.

Rivals Amazon.com Inc. and Target Corp. have made $15 an hour their starting wage for all workers. The Biden administration and Congress are considering raising the federal minimum wage from $7.25 an hour. "

Walmart down 5%

[poikka] 17/2/2021 15:29

No doubt the Issa bros will flog some of Asda stores to reduce the debt they're taking on.

The question is, will Sainsbury's be tempted to buy any of those stores.

Looking at Sainsbury's sp, I guess that the answer is 'not many, if any'. Hold/Buy, with inflation creeping up.

[loganair] 13/2/2021 11:10

Issa Brothers have raised £2.75 billion’s worth of junk bond sales to fund their latest move to secure ownership of Asda.

This comes after reports that EG Group, which the brothers founded with a single petrol station in Bury in 2001, had borrowed £3.5 billion to complete the deal.

By raising money through selling the bonds, the brothers hope to finance their £6.8 billion purchase of Asda while only injecting a relatively small amount of their own funds.


In a joint statement, Mohsin and Zuber Issa said: “We are excited about the proposed integration of the Asda forecourts into EG’s established UK operations, which we believe would underpin the future growth of the combined network.”


The Issa Brothers have said that they now expect the deal to be complete by late February, subject to approval by the Competition and Markets Authority.

[loganair] 11/2/2021 11:40

Typical of Sainsbury's and have been their main problem over the past 20 years, they're always seem to be on the 'Defensive' - can they ever win and beat the competition if only on the defensive???

Isn't it about time Sainsbury's broke out of their defensive position...

[loganair] 11/2/2021 11:35

Defence against discounters and Tesco:

The decision to slash prices is the latest attempt to thwart the rapid growth of German discounters Aldi and Lidl.

Besides taking aim at Aldi, Sainsbury’s move will also help defend its position against Tesco which has stepped up communication of its own Aldi Price Match scheme. Launched last March, its scheme now covers some 500 lines and is credited with helping Tesco achieve switching gains from the discounters in recent trading.

The move will squeeze margins as the big grocers battle higher costs from delivering food and keeping staff and customers safe.

Sainsbury's sales were 12 per cent up for the period after expanding its online delivery capacity from 370,000 weekly slots to 830,000.

[muffinhead] 11/2/2021 11:20

Sainsbury's takes on Aldi as supermarket price war heats up

Price and home delivery have become the main battlegrounds for the big grocery chains



By Laura Onita 10 February 2021 • 6:02pm

Sainsbury's has slashed prices on hundreds of products to bring them in line with Aldi in a fresh escalation of the war between major supermarkets.

The grocer promised to cut the cost of 250 essentials such as meat, chicken, fruit and vegetables to match the German discounter.

It marks the first stage of a plan announced in November by chief executive Simon Roberts to put food at the heart of the business and help shoppers save more on their groceries.

The company is following in the footsteps of Tesco, which reduced the price of hundreds of products last year in a bid to fight back against German discounters after its sales surged during lockdown.

Mr Roberts said: "Our new commitment to match Aldi prices on hundreds of our most popular products will mean our customers can be confident that they are getting the quality they expect from Sainsbury’s at great prices."


Sainsbury's 21 Day matured rump steak now costs £2.32, down from £2.50, for example, and its British whole chicken breast fillets cost £4.79 and not £5.

The campaign is in addition to the chain's existing Price Lock promise where the cost of about 2,500 everyday products are fixed for at least eight weeks.

An Aldi spokesman said that consumer group Which? recently found that Sainsbury’s prices were over 31pc more expensive than Aldi. He added: "Shoppers know that the only place you can get Aldi prices is at Aldi.”

Tesco launched its Aldi price-match in March 2020 and extended it to about 500 products in June. The chain also offers savings through its Clubcard loyalty scheme.

Big Four rivals Morrisons and Asda also slashed prices in September and pledged to invest more cash in cheaper items respectively as they hope to lure back shoppers or stop them defecting to Aldi and Lidl.

The latest round of cuts comes after the UK’s major grocers were caught off guard during the last recession more than a decade ago when the German chains challenged them on price.

The big grocers have been playing catch-up since, beefing up their own label brands, which are typically the cheapest ranges, renegotiating deals with suppliers or investing profits to keep a lid on how much food costs.

However, these cuts come at the cost of chipping away their already wafer-thin profit margins.

Aldi has a market share of 7.4pc, down from 7.9pc year-on-year, and its sales were up by 5.7pc in the 12 weeks to 24 January.

This sales growth was lower than the 12.2pc increase across the UK grocery market as a whole.

[joe say] 11/2/2021 08:16

Poikka - bang on

much like their recent woke nonsense

[loganair] 10/2/2021 14:41

PO - I totally agree with you about Amazon as the stuff that is now sold on Amazon is becoming increasingly expensive.

Ever since 2016 when I bought 47 items off Amazon, I've been buying less and less getting down to 5 items last year and most probably only 2 or 3 this year.

[pierre oreilly] 10/2/2021 14:28

There used to be decent bargains on Amazon. Now it's the place to go if you want something quickly and don't mind paying top whack.

[poikka] 10/2/2021 14:17

Reckon the talk of taking on Aldi on price is mostly marketing - 250 products reduced didn't they say?

[imperial3] 10/2/2021 12:50

Amazon has profited extremely well out of the pandemic.It is only fair and reasonable that they pay a justifiable level of tax.The NHS and their heroes fully deserve their requisite compensation.

[loganair] 10/2/2021 09:01

Analyst Russ Mould said many customers who have moved to online shopping during the pandemic will make the switch permanent. That is good news for Ocado, which has ‘positioned itself right at the centre of the transition in the supermarket sector’.

[imperial3] 08/2/2021 19:08

Teletext has just reported Amazon's financial results which revealed that UK sales for 2020 totalled $26.5 bn.- a 51% jump from $17.5 bn in 2019.
Amazon's overall business rates bill for 2021 is estimated by researchers to be £71.5 m - just 0.37% of its retail sales.
They say this is far lower than what the retail sector typically pays.

This is utterly scandalous.Rishi Sunak please take note,and slap a tax on them which is commensurate with what other high street retailers have to pay.

[muffinhead] 08/2/2021 16:48

£250k for dropping 1 room... lol
Not your average pad then

[muffinhead] 08/2/2021 16:24

The Coming Retirement Crisis Explained and Explored (w/ Raoul Pal)



Raiding the pot: Pandemic deepens pensions crisis
The pressure on schemes has intensified with rates set to stay low and workers drawing down their funds



Most UK pensioners are living in their biggest asset...the house
They are asset rich but cash poor

There has been a hallowing out of the middle class due to debt to maintain lifestyles and lower paying 80% service sector employment. Children of the boomers are not so well off and have to pay stupid prices for housing with the lowest interest rates in 500 years. There has been an explosion in charity shops which is a UK phenomenon There is also an increasing tendency to work beyond 65 for money to make ends meet and for social reasons.

Sainsbury's main customer demographic is this post WW2 baby boomer generation. Now explain to me how Sainsbury's is going to change in the next 25 years when Uk boomers are six foot under and Asia is growing it's own middle class.

[netcurtains] 08/2/2021 13:43

Nerdlinger: It depends on how many children and grandchildren they have. My inlaws were always buying shirts and jumpers in Frasers for kids. I think the number crunchers have forgotten that boomers are set to retire.

[nerdlinger] 08/2/2021 13:35

My old mum loves the shops but she doesn't often buy anything, just goes 'round feeling things, always buys a posh coffee though.