Sainsbury (j) Share Discussion Threads

[poikka] 04/2/2020 09:57

According to Kantar, Ocado was the fastest growing grocer in the 12-week period with its market share increasing by 0.2 percentage points to 1.4%. Sales at the online grocer jumped 11% year-on-year to GBP397 million from GBP357 million.

Fraser McKevitt, head of retail & consumer insight at Kantar, said: "Ocado was once again Britain's fastest growing grocer with sales 11.2% higher than this time last year. More than half of the online retailer’s sales come from customers in London and the South of England, but its quickest growth is actually found outside of this heartland in the North of England where its sales were 17% higher than the same time last year.”

Among the big four retailers, J Sainsbury PLC's was again the best performer as its sales fell by 0.6% to GBP4.61 billion in the 12 weeks and its market share declined marginally to 15.8% from 15.9%.

Tesco PLC, the country's biggest supermarket, saw its market share dipping to 27.3% from 27.7% and sales declining 0.9% to GBP7.99 billion. WM Morrison Supermarkets PLC market share slipped to 10.3% from 10.6%, with sales falling by 3% to GBP2.99 billion from GBP3.09 billion last year.

Walmart Inc's Asda saw its market share decline to 14.9% from 15.3%, with sales down 2.2% year-on-year to GBP4.37 billion from GBP4.46 billion.

Aldi's market share grew to 7.9% from 7.5% and sales rose during the 12-week period to GBP2.29 billion from GBP2.17 billion last year. Lidl's market share increased to 5.9% from 5.3% and the discounter's sales were up 11.1% to GBP1.72 billion from GBP1.55 billion.

Co-op sales were up 2.7% year-on-year to GBP1.76 billion from GBP1.71 billion and market share edged up to 6.0% from 5.9%.

Iceland sales climbed 1.4% to GBP676 million and its market share remained flat at 2.3%.

Waitrose & Partners sales slipped 1.5% to GBP1.47 billion in the 12 weeks and its market share declined to 5.0% from 5.1%.

Kantar said grocery inflation stood at 1.0 in the period, with prices rising fastest in markets such as bacon, sausages and cooked meat, while falling in butter, instant and fresh poultry."

[spob] 24/1/2020 08:01

lidl/aldi

they are a kind of a victim of their own success

most of the lidl and aldi stores are too small now

the car parks are also too small

certainly wouldn't park my car in the lidl car park near me

and whenever I have popped in for something, the checkouts are usually so busy that I really want to dump my items and walk out

[loganair] 23/1/2020 19:25

Aldi has revealed 28 locations in Surrey 17 stores and Hampshire 11 stores where it is looking to open brand new supermarkets.

Fellow German budget specialists Lidl says it wants to open 30 stores in the Surrey.


The number of shoppers using Aldi and Lidl has risen by 50% in four years.

[loganair] 23/1/2020 11:06

Sainsbury’s boss checks out:

The departure of Mike Coupe as the boss of Sainsbury’s (SBRY) unnerved investors but AJ Bell believes his replacement Simon Roberts is well equipped to deal with ‘operational challenges’.

Retail and operations director Roberts cut his teeth at Marks and Spencer and Boots, which means he is ‘no stranger to the operational challenges facing large retailers’, said analyst Russ Mould.

‘His agenda is likely to focus on getting more out of the existing business rather than finding new things to bolt on,’ said Mould.

‘Like most retailers, the priority is to have a superior digital offering and top-notch supply chain. That is likely to involve investment in IT and logistics.’

[loganair] 22/1/2020 11:18

The appointment of the 48-year-old Roberts to one of the most high-profile jobs in British retail raises the question of whether he will further adapt Sainsbury’s strategy that was set out in September and was designed to show the group could prosper on its own. The reorganisation included the closure of up to 15 supermarkets and 40 convenience stores, as well as putting 80 new Argos outlets inside Sainsbury’s sites.

Roberts’ task will be to grow earnings in the face of softening consumer demand and the relentless march of the German-owned discounters Aldi and Lidl, who continue to aggressively open new space and win market share.

[loganair] 22/1/2020 11:17

The retail analyst Nick Bubb said Coupe had “at last paid the price for the failure of last year’s Asda deal”. Clive Black, an analyst at Shore Capital, an investment bank, praised Coupe’s tenure but said he had “materially overextended the business’s capabilities in the eyes of the regulator with the proposed Asda merger”.

[loganair] 22/1/2020 11:10

AJ Bell investment director Russ Mould said ‘deal-hungry' Coupe ‘may unfortunately be remembered for his singing rather than retailing’.

‘He did the dance with Argos and Nectar but tripped up with attempts to marry Asda and partner with Danish retailer Netto in the UK,’ he said.

‘Just when you thought being caught on camera singing "we're in the money" was a low point, the Asda merger subsequently didn’t happen and Coupe was left scrabbling for a plan B.’

'Despite such hiccups, it is fair to say that he wasn't afraid of making some bold strategic decisions, even if perhaps he should have been paying closer attention to the day-to-day running of the business,' Mould continued. 'Argos is proving to have been a good deal and recent grocery trading has been fairly resilient despite intense market competition.

'Coupe's replacement is Simon Roberts who is currently the retail and operations director at Sainsbury's. With a background at Marks & Spencer and Boots, he will be no stranger to the operational challenges facing large retailers.'

'His agenda is likely to focus on getting more out of the existing business rather than finding new things to bolt on. Like most retailers, the priority is to have a superior digital offering and a top-notch supply chain. That is likely to involve investment in IT and logistics, something that sounds very similar to Marks & Spencer's current situation.'

[loganair] 22/1/2020 11:07

Many of the news papers are saying that the new Sainsbury's CEO was at M&S for 15 years and running their stores from 1993 to 2003.

[poikka] 22/1/2020 10:31

Loganair, I think that you might have the wrong Simon, this doesn't quite fit your description of "Oh my good grief! The new CEO of Sainsbury's was running the stores at M&S from their peak to the start of their decline.."

"1999 – 2003 4 years
London support office and across the UK
Operations and sales responsibility in regional and divisional leadership roles. Central responsibility for UK store operations across general merchandise.
Operations and sales responsibility in regional and divisional leadership roles. Central responsibility for UK store operations across GENERAL MERCHANDISE."

[spob] 22/1/2020 10:10

from last year ...

[loganair] 22/1/2020 10:05

Banking - 90% of what I'm able to do at my local proper high street bank I'm unable to do if I used Sainsbury's bank.

Household - is often very expensive at Sainsbury's or Tesco for that matter and often not very good quality.

Sainsbury's TU clothing has really gone down hill in quality and design over the past 5 years.

[muffinhead] 22/1/2020 09:54

Sainsburys is just a dated mix of all the bad things discussed about the high street

Food... discounters
Clothes... brick 'n mortar high street demise
Household... buy it cheaper on a platform like eBay or Amazon
Banking... a branded white label product sold cheaper by banking majors


Buying Argos was a mistake and should be hived off as a separate company while occupying space within Sainsburys stores... maybe franchise

Sacking 100's of managers will weaken the business organisation imo.

Looking at profit yield per square foot of retail space needs to be the metric to ruthlessly improve and trim this company. Anything that doesn't sell at a profit needs the chop and excess space rented out to other innovative businesses in larger stores.

[tradejunkie2] 22/1/2020 09:46

Wonder how many nectar points he will get when he checks out LMAO

[spob] 22/1/2020 09:38

not sure where the new supermarket will be in this plan

but they have spent a load of money on this particular store in recent years

expanded online operation
Petrol station revamp with hydrogen fuel pumps
store refit
Argos shop within the store

and now all to be ripped up to build UGLY tower blocks ???

[loganair] 22/1/2020 09:37

Oh my good grief! The new CEO of Sainsbury's was running the stores at M&S from their peak to the start of their decline...just the person that is not needed to be the new CEO of Sainsbury's.

The new CEO of Sainsbury's oversaw the start of the decline in M&S....

[tim 3] 22/1/2020 09:22

Agree with that Polkka the Argos deal and the merger if it had gone through would have been good but it was never going to happen.

For me although its improved recently his weakness is that he just does not seem to understand/get the basics right.

Anyone can cut staff/costs but the challenge is to ensure it does not affect standards/ availability and ultimately sales.This is where he has failed.Both these areas have got worse during his watch and are only now starting to recover.Beyond mergers and accounting am not sure he really has the skills needed to take them forward.

[poikka] 22/1/2020 09:02

After all the criticism of MC, the share price falls on his resignation!

Personally, I thought that he had good points and not so good: I liked the Argos deal; I was in favour of the Asda (hoped-for) deal, but the store refreshments came too late, and really customer service suffered to an extent. Nobody's all good or all bad.

The latest job cuts will sharpen decision-making, but they should really have been having head-counts far more frequently - little empires grow so quickly.

"directionless & pointless"? Cutting costs; refreshing stores and selling stuff we want and need...

[ny boy] 22/1/2020 08:10

Disaster darling disaster, terrible Company, directionless & pointless.