Sainsbury (j) Share Discussion Threads

[tim 3] 25/4/2020 18:07

As Oak righty says the although short term demand has obviously increased in my experience what the markets look at is the longer term outlook and thats what drives the share price and in Sainsburys case it probably has not changed that much in fact if as I suspect it will have more people switch to online it could actually have a negative effect as online is probably at best break even for the big 4 when all the costs are taken into consideration imo.Will be interesting to see how it pans out.

[neilyb675] 25/4/2020 17:37

A few facts.

Sbry like other supermarkets are not accepting any returns from online orders. This means a massive reduction in waste, and means customers are no longer 'window shopping' via online shopping.

The demand for online delivery is off the scale. A lot of these vulnerable customers are likely sold on the idea and will remain as customers for more than just the Covid experience.

At my local sbry the online department is very likely being expanded to cater for more delivery vans. The demand is there and plans being talked about now

[muffinhead] 25/4/2020 10:36

Ocado raises prices by 16% during coronavirus crisis

[prunk] 24/4/2020 21:33

Difficult to understand although sainsbury's are busy but the share price remain as it is! Look Boo/Asos and others.

[loganair] 24/4/2020 16:55

Supermarkets – pandemic pantries:

March was the biggest month of UK grocery sales ever recorded. Or put another way, the pandemic has meant we spent more on groceries in March than we have ever at Christmas – unprecedented sounds about right.

For a sector to go from a state of fierce competition to not being able to fill or stack shelves quick enough – it’s certainly a stark contrast to those industries having to close doors.

So what has this meant for companies?

Perhaps not surprisingly, a significant boost to sales was first on the list.

As the pandemic has shown, supermarkets play a vital role in society, so sales aren’t going anywhere.

[ny boy] 24/4/2020 11:48

Sales are booming at supermarkets, maybe costs are rising too, as the share price is still going nowhere. This is like a continued Christmas for supermarkets, surely SBRY, should be considerably higher, what’s the problem here?

[spob] 24/4/2020 11:45

"it's important that supermarkets aren't seen to be exploiting situation"

yes, i'm sure they wouldn't dream of withdrawing all special offers and putting prices up in these difficult times

[whiskeyinthejar] 24/4/2020 07:20

Oak Tree, IMO it's important that supermarkets aren't seen to be exploiting situation.

I don't know how many delivery slots they had previously ? But I think also that many grown up children (students, young professionals) have returned home, so are now back on the big family supermarket shop, rather than pot noodles from Lidl or take aways. So the size of the supermarket delivery should have increased too.

ONS reports today that supermarket sales up by 10% in March,while "alcohol-focused stores" saw sales surge by a third.

And the total value of ONLINE food sales in March was more than DOUBLE the same month last year.

[the oak tree] 23/4/2020 16:23

Thanks WhiskeyInTheJar. Looks like they really have geared up for demand. Good letter.

A week today we'll find out the state of play. Hope they don't become too PR ordinated but I suppose they will. At the end of the day its still a business. So I hope their delivery charges more than cover their new costs of hiring etc.

[tim 3] 17/4/2020 12:32

Am thinking that post virus might see a big swing towards online.Although not a fan myself I can see with the current upswing in online shopping many will get used to it and continue afterwards.

[macc1] 16/4/2020 11:59

Video with Justin King.

Filmed this in late march. Justin discusses supply chains, divi's, sustainability of profits across the sector. He discusses Sainsbury's, Tesco, Ocado & Morrisons

[muffinhead] 13/4/2020 09:25

Sainsbury's needs to sell magic carpets

Chief Executive Mike Coupe will retire in May. Simon Roberts current company retail and operations director has been appointed his successor. Roberts base salary will be 875,000 pounds
.

[tim 3] 12/4/2020 17:33

Or go late afternoon most stuff is still available and no queues can't understand why everyone goes first thing with those ridiculous queues!

[whiskeyinthejar] 12/4/2020 16:45

I think queuing is off putting. But I bought a lot more stuff in Sainsburys because I don't want to have to keep going back to shops.

Get it all at once is lowest risk. If I'm only going to do one shop, I'm going to do it at a big 4 supermarket, not corner shop. In fact, Ive seen some anger on social media directed towards smaller shops like Lidl because they aren't being strict enough about social distancing.

The big growth area must be home deliveries. If Sainsburys can ramp up deliveries even to meet a fraction of the increased demand, they'll be doing well.

And no business Rates to incur for the next 12 months which company says amounts to a savings of £500k+.

[sr2day] 12/4/2020 15:52

share price will drift possibly to 150p.

[spob] 12/4/2020 15:16

after queuing for 45 mins in the carpark yesterday

i couldn't give a toss about buying easter eggs or anything else

just wanted to get my basic food shop and get the hell out of there

[spob] 12/4/2020 15:11

predictable also because so many people are not working now

and are likely to start wondering how safe their jobs are

and so will be keeping their spending to a minimum

[loganair] 12/4/2020 15:09

I am surprised if sales are down as:

1. I've still see booze is literally still flying off the shelves as the pubs are all closed.

2. I've heard that the average house hold now has to buy an extra 10 to 12 meals per week to cover lunches while at work and going out to the restaurant for the evening.

3. At our local Tesco still very, very low on cereal as it seems to me people are getting up later so are eating breakfast instead of just a morning cup of tea/coffee before going to work.

[tim 3] 12/4/2020 14:54

Agree very weak article must have taken all of 5 minutes to write!

[essentialinvestor] 12/4/2020 14:19

...a shocking fall in sales..really, seriously?.

Largely predictable following a month of many people stockpiling.

[spob] 12/4/2020 13:21

what percentage of total UK easter egg sales are bought from Thorntons shops Oak Tree ?

be surprised if it was more than 1%

[the oak tree] 12/4/2020 13:12

Most of those Easter Eggs that had been bought from the likes of Thornton's and other upmarket retails shops (that are now closed), will now be bought from supermarkets.