Sainsbury (j) Share Discussion Threads

[trying2trade] 05/3/2024 14:36

Lazy teenagers is not a new phenomenon

[loganair] 05/3/2024 14:22

NIQ has identified four key category trends since the start of 2024. The first is shoppers buying convenient meal options which is reflected in strong growth in the last four weeks for prepared fresh meat products (+13%), frozen chips (+13%), cooking sauces (+7%) The second key trend is cheaper meal ingredients; rice & grains (+13%), canned veg (+10%) and frozen poultry (+8%). The third is a shift towards healthier snacking with growths in dried veg & pulses (+23%) and fresh prepared fruit (+7%).

And finally, the fourth key trend was events. With Pancake Day taking place in February, there was also a rise in sales for baking ingredients such as baking mixes (+24%), flour (+18%), eggs (+16%), golden syrup (+29%), and chocolate spread (+27%).

In terms of retailer performance over the last 12 weeks, Ocado (+12.2%) was the fastest growing retailer followed by M&S (+11.9%), while sales momentum at discounters Lidl (+10.4%) and Aldi (+6.0%) continues to slow. Sainsbury’s (+8.0%) and Tesco (6.8%) both experienced an increase in market share with slower growth at Morrisons (+3.6%) and Asda (+2.0%).

[loganair] 05/3/2024 14:20

Neilson include M&S in the figures while Kantar do not....


Marks & Spencer’s grocery sales are growing faster than Aldi and Lidl as a turnaround led by chief Stuart Machin gains traction.

Industry figures reveal that M&S was the fastest growing traditional grocer over the last 12 weeks, with the total take at its tills rising by 11.9pc compared to a year earlier.

That compared to growth of 6pc at Aldi and 10.4pc at Lidl, according to market research company NIQ.

Only Ocado’s sales rose faster, rising 12.2pc on the prior year.

The NIQ figures also laid bare the pressures on Morrisons and Asda, which are both losing market share.

Asda’s market share dipped from 12.5pc this time last year to 12pc despite a 2pc rise in sales. Morrisons’s market share slipped to 8pc from 8.2pc, even as sales rose by 3.6pc.

Both supermarkets were taken over in debt-fuelled deals in recent years.

Rising interest rates have put more pressure on the businesses as interest costs have increased sharply. Morrisons is owned by CD&R, while Asda is co-owned by the billionaire Issa brothers and TDR Capital.

[loganair] 05/3/2024 13:13

TT - I disagree, the young now days just want to lounge around with their ear pods in watching tic-tok all day.

Social media and smart phones have cause unimaginable damage and harm to the younger generation and it's only going to get worse with an ever more intrusive AI.

[trying2trade] 05/3/2024 12:45

I worked 3 part time jobs in COVID times. There's nothing wrong with the work ethic of today, just the debt we have to pay by way of taxes for generations before that had it too good. Final salary pensions etc.

[vatacarma] 05/3/2024 12:18

My point exactly Loganair and wish your teen well in his/her endeavours.

Listen and learn Trying2Trade.

[loganair] 05/3/2024 12:04

My teen is applying for a part time job. Some times the shifts start at 05.30 in the morning.

My teen is the last to be interviewed, all the others who've applied have been interviewed and they've all refused the job saying they are not willing to start so early in the morning.

[vatacarma] 05/3/2024 11:52

The only moron is you. If these youngsters wont work unless they receive £20/£25 then they are idle and bring many of the the ills they face upon themselves

[trying2trade] 05/3/2024 11:35

What a moronic statement. The youth of today have never had such a grey outlook.

[spob] 05/3/2024 11:11

.
When does the flush money down the toilet program start ?

[loganair] 04/3/2024 12:16

Even with a personal tax allowance, if working full time after leaving college will pay tax on at least half their earnings.

The problem to day is mobile phones and the likes of Tic-Tok. Tic-Tok spends $100 of millions making the site addictive and to get teens off the site they want at least £20 per hour in their pocket after any tax or National insurance is paid.

At my local Tesco today, the majority of staff were of very very low intelligence and simple minded who seem happy at performing the menial and least demanding work that most supermarket jobs are.

This is a very big problem today, Computer technology and AI is making jobs that used to be skilled and therefore needed to have some intelligence to do are now unskilled for the simple minded.

[tardelli2] 04/3/2024 12:01

You son doesn't get a personal tax allowance of £12,750. Why ?

[loganair] 04/3/2024 11:28

Last 3 times to my local Sainsbury's at least 1 of the 3 self-service check-outs were closed due to lack of staff.

3 out of my last 4 visits to my local Tesco at least 1 of the 3 self-service check-outs were closed due to lack of staff. This morning at my local Tesco only 2 staff were on duty at the self-service check-outs when there are supposed to be 6, 2 for each of the 3 areas.

All the shops in my local high street are screaming out for staff. Even my local Iceland have only 1 till operating over the past year due to lack of staff.

What's going on?

My teen who is at college says even at £12.15 per hour, after tax and National Insurance leaves circa £8 to £9 per hour and its not worth working for such a little amount. While living at home with mum and dad only worth working if paid at least £20 per hour or if left home and paying for self £25 per hour. I've chatted with some of my teens class mates they all say the same thing, minimum of £20 per hour.

They then go on to say when they've left college in a couple of years if still living at home with mum and dad will only work for a minimum of £25 per hour and if left home £30 per hour.

Therefore to attract staff the likes of Sainsbury's and Tesco will need to increase shop floor pay by at least 50% and in a couple of years will need to pay 75% to 100% more then the supermarkets are currently paying today as many of the young today will not work for any less.


Just one other thing I don't understand, the spot price of gas is the lowest its been in nominal terms for 20 years and in real terms 25 years, equivalent of less then $10 per barrel of oil and yet in the UK customers are still paying a record amount per unit for their gas or electricity which comes from power stations powered by gas - WHY???

[blackhorse23] 01/3/2024 07:55

https://www.ft.com/content/70ef625d-ef64-49e6-82dc-41a4b0789794

[philanderer] 01/3/2024 00:40

Sainsbury's to cut 1,500 jobs in cost-cutting plan

The chain announced a strategy earlier this month that aimed to save cash from under-performing areas to invest in driving growth.

[spob] 29/2/2024 19:32

I'm guessing the new more efficent way of baking bread in store actually means NOT baking it in store

Rather warming up already half baked bread that has been delivered to the store.

[blackhorse23] 26/2/2024 09:15

https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

[loganair] 23/2/2024 12:59

I couldn't believe what a security guard at my local Sainsbury's said to me this morning.

There are gangs coming in to the store stealing £1000's of worth of goods at a time, often booze, the high end booze which they can then sell on. Even though the local store has given the local police photo's of these individuals and their names the police are doing nothing, absolutely zero about it.

It's not the single one off shop lifter, it's gangs of 5, 10, 15, 20 people at a time going in to do a massive stealing operation, stealing several thousands of pounds worth at a time.

I was also chatting with the manager of my local Pound stretcher store and she said she sees at least 5 instances of shoplifting everyday in her store and on most days there are now 20+ instances of shop lifting in her small store and there is nothing she can do about it and nothing the police will do about it.

[loganair] 22/2/2024 19:08

Sales growth has been running at less than inflation, therefore Sainsbury's, Tesco, Asda and Morrison have all been selling less stuff.