Sainsbury (j) Share Discussion Threads

[imperial3] 14/5/2021 12:22

Climbing and climing.

[loganair] 14/5/2021 10:31

Carluccio’s and Sainsbury’s are teaming up to test out three new in-store concepts for the first time:


The first format will be a coffee shop in Sainsbury’s St Albans superstore, offering customers eat-in as well as takeaway options. Caffè Carluccio’s will open on 3rd June and will be the first Carluccio’s to open in a supermarket.

The 900 square foot coffee shop will have space for up to 45 customers to sit and enjoy the brand’s signature real Italian coffee, iced coffees, Cremosa blended drinks and granita fruit ices alongside all-day breakfast foods and light-bites, including freshly made ciabatta sandwiches, toasties, filled croissants and pastries. A range of Carluccio’s retail products will also be available including biscuits such as biscotti and cantucci, ground coffee and gianduiotti chocolates.

In addition, a Carluccio’s Counter will also launch in June in the Sainsbury’s Leamington Spa superstore, offering the brand’s trademark deli products and pizza. Deli products include pasta, olive oils and sauces alongside chilled stone-baked pizzas. Hot ready-to-eat items, including made-to-order pizza and rotisserie chicken will be available to take-away, as well as for delivery via Deliveroo, Uber Eats and Just Eat.

The third concept being trialled is the Restaurant Hub, a multi-brand offer with grab-and-go and delivery options from brands including Caffe Carluccio’s, GBK, Slim Chickens, Harry Ramsdens and Ed’s Easy Diner. The Restaurant Hub will open in July in Sainsbury’s Selly Oak superstore.

Carluccio’s was acquired by Boparan Restaurant Group in May 2020. Sainsbury’s and Boparan Restaurant Group will listen closely to customer feedback in all three stores before deciding any next steps.



Rhian Bartlett, Food Commercial Director at Sainsbury’s, said: “We’re testing these new offers as part of our plan to put food back at the heart of Sainsbury’s – bringing even more innovative and delicious food and drink to our stores. This is the first time we’ve worked with Carluccio’s and we’ll be listening closely to see what shoppers think of the different concepts, which also include GBK, Slim Chickens, Harry Ramsdens and Ed’s Easy Diner.”

Supporting the brand will be Carluccio’s first app, allowing ordering, delivery, menu access and location finding as well providing users with a loyalty mechanic.

[loganair] 08/5/2021 14:36

A supermarket chain dubbed the “Russian Lidl” is opening its first stores in the UK this summer - and claims to be cheaper than any other store.

Svetofor, which was founded in Siberia but trades under Mere in Europe, says it costs up to 30 per cent less than other budget shops like Aldi.

The Russian chain has 3,200 stores internationally and opened its first European Mere store in 2018.

Speaking to trade magazine The Grocer, Pavels Antonovs said Mere prices will undercut even the cheapest supermarkets.

“Our model is no service and no marketing.” Each store in the UK will have just 8 staff, counting a director, four cashiers and three delivery workers.

Mere stores are expected to double up as warehouses, with images from other sites across Europe showing items displayed on palettes.

Suppliers are also expected to deliver straight to the shops, which will each be about 10,000 sq ft.

[imperial3] 07/5/2021 15:15

Nice to see that the share price is maintaining its upward momentum.

[big d67] 07/5/2021 14:43

Th×,e uk 9 is 222,, , 2.l.... . 2,2÷2p,???

[georgeo1] 07/5/2021 14:41

If John Lewis goes in administration does that mean sainsburys get their merchandise.

[imperial3] 05/5/2021 14:34

Share price still edging up nicely.

[loganair] 05/5/2021 12:24

Clive Black, head of research at Shore Capital, said: 'Sainsbury's Bank has been a car crash for some years now, with massive capital and operating expenditure delivering derisory returns.

'Mike Coupe decided to stop the funds tap', which he estimated had been as much as £1.4billion, while 'new management was brought in and a much more focused bank has been created. Like Tesco, the challenger bank went some time ago.'

The bank insisted it did not expect to require any more capital, and Black noted that 'the headline numbers were skewed by the first-half performance in 2020.

'The second half was better and we sense it is on course for the headline target to double 2019 profits by 2024, albeit that is still a poor return on investment.'

Given it appears to be banking on a rebound in demand from current and new customers for everything from credit cards to travel money, rather than from new products, it best hope its calculations are correct.

After all, there does not appear to be any cavalry coming over the hill. Although it was reported late last year the supermarket was putting Sainsbury's Bank and its now £5.4billion balance sheet up for sale, there do not appear to have been any takers.

Black added: 'Sainsbury's was approached last year about a bid but nothing was stated yesterday, which suggests to us that interest may have cooled.

Ongoing work would probably have been at least alluded to. It looks like it is back to the original plan.'

However, some were more sceptical of the bank's prospects and suspected the supermarket was still looking for the checkout.

James Blower, founder of The Savings Guru and an adviser to savings banks, said: 'The results are a fascinating read. Although the pandemic has impacted the bank, lending fell by £2billion overall, with all areas impacted and income from travel money and ATMs hit too.

'While Sainsbury's believes it has a strategy to turn things around, there are other players who do credit cards and loans better, who can also access funds cheaply from retail savings.

'Given this, I'd be surprised if a more likely outcome wasn't that Sainsbury's looked to sell their financial services division and come out of the space.'

[muffinhead] 29/4/2021 08:32

Analyst consensus 9/2/2021


Was yesterday price action a downgrade or just rear view mirror reaction?

[muffinhead] 29/4/2021 08:25

Pandemic has been a blessing for supermarkets – Sainsbury’s problems are self-inflicted


""This is still a company that generated revenue of £30bn, and more than £700m of operating profits, during the worst recession in 300 years.""

""costs that pushed Sainsbury’s from a £356m profit to a £261m loss had nothing to do with the virus. Out of a total of £660m exceptional charges, £423m relate to the closure of 420 standalone Argos stores, and a further £220m are impairments on various physical assets.""

[netcurtains] 29/4/2021 06:41

....so all in all, with a dividend, and a red line drawn under covid19 it should be up from here (generally speaking)?

[pdosullivan] 28/4/2021 23:33

And most of the 'finance' cost is lease costs. Underlying borrowings have fallen very sharply in recent years.

[rolo7] 28/4/2021 17:35

finance costs is half of operating profits

[netcurtains] 28/4/2021 15:44

ok-ish results

[poikka] 28/4/2021 15:17

Like customers who appreciate quality and value?

Seems to me that that is what they're doing, which gets my vote.

[loganair] 28/4/2021 13:11

Cater to a specific segment of customer, to a specific rather then general customer base.

[imperial3] 28/4/2021 12:44

So what should they do then?

[chiefbrody] 28/4/2021 11:57

Totally agree.Hence why Argos was bonkers fit for me.Sains should stop trying to cater for all.

[loganair] 28/4/2021 11:52

My local Waitrose is literally next door to an Aldi which opened 3 years after the Waitrose opened.

When Aldi opened it did not effect the number of customers in Waitrose in fact Waitrose has gone from strength to strength, especially when they opened their manned Sushi counter which is extremely popular and often sold out by the early afternoon.

As far as I can see Aldi has no effect on Waitrose as have two completely different customer bases - this is where the problem with Sainsbury's lie, they're trying to cater to both the Aldi/Lidl crowd and the upper market Waitrose crowd and it isn't working and going to work.

[loganair] 28/4/2021 11:45

New strategy:

The group’s revamped strategic objectives are also playing into the outlook. Under the strategy, Sainsbury’s is now simplifying operations, saving money which it can invest into its core food offering and which should drop through to higher profits.

Meat, fish and deli counters are being closed given waning customer demand, standalone Argos stores are being swapped for stores and collection points within Sainsbury outlets, while a focus on growing profitable online sales continues.

[pierre oreilly] 28/4/2021 10:34

They'd love to forget Aldi!

[chiefbrody] 28/4/2021 10:14

They should concentrate on good service and improving margins.Forget chasing Aldi. Forget chasing sales. 30B of sales and no profit lol.Better to have 15B of sales and 500M of profit.Argos always seamed a daft fit (to me) but hey ho.

[loganair] 28/4/2021 09:33

It seems to me that the management of Sainsbury's just like for example British Airways etc is trying to operate in two completely incompatible worlds.


A company can either operate in a world of driving up volumes, radically decreasing costs, thereby also decreasing customer service and widening demand which is where the likes of Aldi/Lidl or Ryanair/Easyjet operate

or

operate in a world of steady volumes and good customer service and experience like Waitrose or KLM.

Companies that try and operate in both worlds tend to either fail or at best struggle and go no where eg Sainsbury's or many of the airline legacy carries.

M&S what is it, a fashion retailer or sells good quality, long lasting practical clothing??? M&S is desperately struggling due to the simple reason it is trying to be both.

Be one or the other but not both.

[chiefbrody] 28/4/2021 06:08

Dire results but at least theres another div.