Sainsbury (j) Share Discussion Threads

[m_kerr] 04/4/2022 17:43

spob - people often forget that private equity quite like buying poorly managed assets as it's low hanging fruit to increase profits. the share price tends to be low, and people often give up on the shares, making a premium easy to justify.

[spob] 04/4/2022 07:17

They should outsource the entire Sainsbury's board to the Monkey cage at London Zoo.

I'm sure there would be a significant improvement.

[loganair] 01/4/2022 19:37

Supermarket giant Sainsbury's is axing jobs at its city centre Arndale office as it looks to cut its costs, it has been confirmed. Jobs will instead outsourced to Mumbai in India.

Roles across food commercial, finance operations and people services and HR are being outsourced to the firm Accenture.

Staff were made aware of these impending changes yesterday. The email, seen by the Manchester Evening News , written by CEO Simon Roberts, says the company needs to 'save to invest' and that they 'must keep moving at pace to become more efficient and embed simpler and better ways of working'.

Mr Roberts added to employees: "I do want to be upfront that as we look to the future, we have to keep looking across our business for ways we can be simpler and more efficient. This means over time we will need to consider in what further ways this approach could help us continue to simplify our business."

This is the latest in a line of measures from Mr Roberts to 'save and invest' and to rival discount supermarkets such as Lidl and Aldi. In November 2020 the store revealed plans to permanently close its in-store meat, fish and deli counters while earlier this year the supermarket said it would close 200 cafes, 34 hot food counters and 54 bakeries putting thousands more jobs at risk.

[m_kerr] 01/4/2022 17:20

supermarkets like sainsbury's should be holding financial debt at 3% fixed, not lease debt at 4-5% with RPI uplifts. even now, sainsbury's management seem to be prioritising reducing their exposure to cheap financial debt ahead of expensive lease debt.

so capital allocation has been awful here. for a contrast on how better management can drive better shareholder returns in the same sector, look at how walmart ran asda. no convenience stores, 75% freeholds, correspondingly much less exposure to onerous leases, and unlike sainsbury's, tesco and morrisons, no more ultra low return expansion after the financial crisis. the result? uninterrupted high cash dividends throughout their 20 year ownership, including a £1.1bn dividend prior to the sale to the ISSA / TDR consortium, and £1.4bn in 2003.

however, in their favour remains a huge property portfolio probably worth £10bn. set against that is £6.3bn of lease liabilities (up £400m YOY), which will jump further as those RPI uplifts kick in. at the right price this is a solid asset backed investment, but even as it's fallen 30% as the herd backed off somewhat, i feel this is lower than the current share price.

[loganair] 01/4/2022 10:29

Over the past 25 years Sainsbury's basically haven't gone anywhere, all the successive CEO's have managed to do is to tread water as they've been clueless on how to move the company forward and upward.

[imperial3] 01/4/2022 10:13

We are shafted then?

[loganair] 01/4/2022 09:28

Just think, years ago the Qataries bought 1/4 of Sainsbury's for circa 600p per share.

Sainsbury's heyday was from the mid 1960's to the end of the 1980's, since then their market share has dropped from 22% and has been stagnating between 15% and 16% over the past 10 years.

[imperial3] 01/4/2022 09:11

What a dismal share price performance currently. What hope for the future,if any,I wonder?

[chiefbrody] 29/3/2022 17:47

Need another one of these phony bid rumours.

[scaff55] 29/3/2022 15:09

Drip drip drip of a share price , fixed before the open.

[philanderer] 28/3/2022 09:47

Sainsbury's urged to up pay to match cost of living

[imperial3] 21/3/2022 15:10

A rather poor share price performance at the moment. I do not know why it is so bad.

[pmount] 15/3/2022 22:33

Its now established in it's downtrend and driven there by aldi lidl and the russian stack em high one. which I am boycotting

[spob] 07/3/2022 17:34

Perhaps they could use cardboard cut-outs to replace the staff

I hear they are losing staff like never before

[sumday] 07/3/2022 09:17

@CK thank you. Didn’t realise

[ckafetz] 07/3/2022 09:14

Had them for the last year at least I would say

[sumday] 07/3/2022 09:08

Yesterday was the first time I’ve been in Sainsbury’s for a while. I notice they have now got printed card shelf fillers to cover up gaps. Have these been around for a bit or are they new?

[tim 3] 04/3/2022 14:46

Tragic but not sure it warrants a £1m fine it was an accident at the end of the day.

[netcurtains] 04/3/2022 14:26

Sainsbury's changes Chicken Kiev to Kyiv

[sooty snipes] 04/3/2022 13:47

Ha ha ha ha! Sainsbury have changed the name of their chicken Kiev to chicken Kyiv. Good to see with all this chaos around us the woke idiots are still doing a great job.

[arja] 04/3/2022 13:08

about 237 is good chart support . gapping down in last few days

[spob] 04/3/2022 07:40

Sainsbury's fined £1million after 'booby trap' shattered disabled customer's jaw

[loganair] 03/3/2022 16:32

Shannon Goldsmith - Shopper Insight Analyst:

Sainsbury’s has announced it will be expanding its Restaurant Hub format to 30 more stores this year following the success of the concept at its Selly Oak store.

While 30 are planned for this year, Sainsbury’s will accelerate the roll out of the format next year if it remains popular with customers.

Sainsbury’s will also be extending its partnership with Starbucks, opening another 30 more sites in its stores over the next 12 months, to bring the total to 60.

These partnerships are part of the retailer’s plans to transform its food-to-go offering in 250 of its supermarkets over the next three years. Today, Sainsbury’s also announced they have proposed the closure of 200 of its in-store cafes this spring – impacting around 2,000 colleagues – while only 67 will remain open while they review their rollout plans.

They will also close the hot food counters in 34 stores, which will impact the meal deal in these stores following Sainsbury’s addition of hot food products to the meal deal last year, and simplify the bakeries in 54 stores. This follows the permanent closure of its meat, fish and deli counters in late 2020.

What is The Restaurant Hub?

The Restaurant Hub is a joint venture between Sainsbury’s and Boparan Restaurant Group (BRG). The food hall format features a range of BRG’s brands, including Ed’s Easy Diner, Gourmet Burger Kitchen and Slim Chickens, as well as Caffe Carluccio’s – one of a trio of concepts introduced to Sainsbury’s stores last year.

The Restaurant Hub has integrated omnichannel operations, meaning customers can buy anywhere, anytime and anyway they want and get a seamless, consistent brand experience. The Restaurant Hub enables customers to order for eat-in, takeaway, collection or delivery via kiosks, a third-party delivery service, a bespoke delivery app, or at a counter.

Omnichannel is becoming increasingly important in food-to-go and the out of home sector for brands to unite their channels to expand their reach and improve their operations. Read our omnichannel guide and see our Digital at the Heart trend in our food-to-go trends for 2022 for more information.

What do we think?

The partnerships with BRG and Starbucks relate to our trend of consumer needs driving formats, and benefit both the retailer as the food hall gains destination status and attracts more customers to store, and the operators who are able to increasingly meet customer needs away from city centres as the pandemic has shifted shopper habits to suburban locations.

The Restaurant Hub in the Selly Oak store appears to have been hugely successful so far and the roll out of the concept is one of the most recent exciting developments in food-to-go in large stores in the UK.

[arja] 02/3/2022 21:48

really hit today and on such a bullish day in markets .