Sainsbury (j) Share Discussion Threads

[philanderer] 07/2/2022 11:57

TSCO and MKS going the wrong way too. Could be down to the TSCO fella talking of sharp price increases.

[arja] 07/2/2022 09:40

SBRY again disappointing and seems unlikely to recover in near future !

[loganair] 04/2/2022 21:58

Morrisons was the worst performing supermarket over the festive period following its private equity takeover.

Sales at the grocery chain totalled £3.1billion in the three months to January 23, down 8.5 per cent on a year earlier.

That was the biggest slump of any supermarket and raised questions over how Morrisons is faring in the wake of the £7billion takeover by Clayton, Dubilier & Rice (CD&R).

According to the report by research group Kantar, its market share fell from 10.4 per cent to 9.9 per cent over the year.

Asda, which is also backed by private equity, did only a little better.

Sales fell 5.3 per cent over the same period while its market share fell from 14.6 per cent to 14.4 per cent.

Tesco grew its market share over the year, taking a 27.9 per cent slice compared with 27.3 per cent a year earlier. Sainsbury’s saw its market share at 15.6 per cent.

The figures added to fears private equity barons would be bad stewards for Morrisons and Asda, hiking prices and harming the companies’ reputations.

The Kantar figures followed data revealing the two private equity-owned supermarkets were increasing prices ahead of rivals.

Retail analyst Richard Hyman said: ‘I think private equity owners generally want a quick return and that is fine as long as it does not impinge on the company’s trading. But you have to ask – has it been the right time to become less price competitive versus Tesco?

‘That is what seems to have happened. And I suspect it is not the right time to be less price competitive than Tesco.’

Kantar head of retail and consumer insight Fraser McKevitt said supermarkets that fail to keep prices down could lose out to rivals.

[m_kerr] 03/2/2022 16:26

if i was invested here, i'd be looking closely at the impact of high RPI inflation on profits. the other end of the stick is that their remaining freeholds are now being valued in the region of 4% net initial yields, meaning 20-25% increases in capital values over the last 5 years.

on equal pay, i'm not sure the claimants have a case. there are a number of reasons why pay may be lower for supermarket based workers - often zero commuting costs, bright and airy environment, no qualifications etc. cd&r who bought morrisons would have hired legal experts to thoroughly review the case before deciding to buy. if there was something they'd need to worry about they probably would have pulled out.

[pjleeds] 01/2/2022 16:17

Looks a bi fkd to me

[loganair] 01/2/2022 15:59

Being reported that Tesco's are making record profits - what about Sainsbury???

[spob] 01/2/2022 15:24

Co-op workers win legal argument in equal pay fight




Co-op shop floor workers have won a key legal argument in a battle to secure equal pay with warehouse staff.

More than 1,600 mostly female supermarket workers have been fighting for pay parity with mostly male staff at distribution centres, who are paid up to £3 an hour more.

Co-op has conceded a "comparability concession", a step towards recognising the different roles are of equal value.

But it said its workers were "fairly" paid and the battle was far from over.

It comes amid similar equal pay battles at rival supermarkets Tesco, Asda, Sainsbury's and Morrisons.

Co-op made its concession as a part of an ongoing pay tribunal. Tom Hewitt of solicitors Leigh Day, which is representing the workers, said Co-op shop floor workers had now "cleared the first hurdle in their claims for equal pay".

"We hope that Co-op recognises that they can no longer deny that the work store workers do is of equal value to that of their distribution centre colleagues," he said.


Tesco staff win legal argument in equal pay fight
Co-op faces equal pay claims from shop workers
Asda workers win key appeal in equal pay fight


The claim began after the mostly female shop floor employees found they were being paid less than men in Co-op's warehouses.

This made them feel they were "underpaid for the same effort", Leigh Day said.

The law firm said Co-op's concession was the first stage in a three-step process that could see the workers reclaiming thousands of pounds of missed back pay.

The retailer will now have to show that the roles are not of equal value or that there is a genuine reason for the pay difference which is not based on gender.

A Co-op spokesman said: "Our colleagues play an important role in feeding the nation and it's central to the Co-op's values that we pay them fairly for the work that they do in supporting communities.

"We believe that we pay our colleagues fairly for the roles that they do, and so will continue to defend these claims."
£8bn of back pay claims

It is the latest of a number of equal pay fights that could end up costing grocery chains up to an estimated £8bn in back pay claims.

In September 2021, an employment tribunal ruled that the roles of Morrisons' store workers could be compared to their colleagues in distribution centres.

The case has proceeded to further hearings examining whether store worker and distribution roles are of equal value.

In March 2021, a landmark judgment was handed down by the Supreme Court which confirmed that Asda's shop floor workers could compare their roles to those of colleagues in distribution centres for the purposes of equal pay.

However, the judge stressed the ruling did not mean the 44,000 claimants had won the right to equal pay, only that they were free to take further legal action.

Meanwhile, in June 2021 thousands of Tesco shop floor workers celebrated a European court ruling that an EU law could be relied on in making equal pay claims against their employer. It argues that a worker can be compared with somebody working in a different establishment if a "single source" has the power to correct the difference in pay.

The Tesco workers, mostly women, had argued that they failed to receive equal pay for work of equal value with colleagues in its distribution centres, who are mostly men.

Following the ruling Tesco said: "These claims are extremely complex and will take many years to reach a conclusion. We continue to strongly defend these claims."

Lawyers say the litigation could run on for years.

[spob] 01/2/2022 15:21

If only it was 3.8%, many people would be very happy


Just one example ...


Sainsburys chocolate digestives, Price 80p for 400g


They reduced the packet size to 300g, price unchanged at 80p

Price per 100g increased from 20p to 26.7p


Price increase = 33%


If you buy 100 items per week and every week they sneakily do this to some of your items, the effect on your weekly spend is significantly more than 3.8% over the course of one year

[philanderer] 01/2/2022 14:08

Shoppers switch to Aldi and Lidl as cost-of-living crisis boosts German discounters


Households are turning to the German discounters as inflation soars — hitting 3.8% in the grocery sector

[philanderer] 01/2/2022 14:05

Cost of living: Supermarket shoppers facing £180 a year increase in average spend

[philanderer] 01/2/2022 00:58

Maybe this ?

"..The danger of prolonged carbon dioxide shortages is another major risk for Tesco. A government supply accord is about to run out that could hit fizzy drink production and cause massive meat shortages."

[arja] 31/1/2022 08:56

tsco and SBRY really pounded today - must be adverse news out I guess .

[arja] 31/1/2022 08:25

run out of steam it seems but markets sometimes fool us . TSCO has a good looking chart but that too has succumbed to profit taking today

[philanderer] 29/1/2022 01:12

Yes, best one of my lot friday and for the week.

[quepassa] 28/1/2022 16:45

Such strength against a weak market.

300p again

[philanderer] 25/1/2022 15:12

Sainsbury's issuing its request to its customers and staff.

It said: "Safety remains our highest priority. From Thursday, we’re asking our customers and colleagues in England to continue to wear a face covering in our stores if they are able to",

[arja] 25/1/2022 12:51

doing well today and perhaps it is turning around . how US indices perform after 2,30 pm might be the key .

[arja] 25/1/2022 09:54

well, 285 at present but hoping it will recover a little more but might not get above 300 again in near future as struggling .

[netcurtains] 24/1/2022 12:24

Value Shares

[philanderer] 24/1/2022 11:30

BERENBERG RAISES SAINSBURY(J) PRICE TARGET TO 285 (275) PENCE - 'HOLD'

[loganair] 22/1/2022 20:32

Asda owners in takeover talks to buy every Boots store in the UK for £10 billion -
The owners of Asda are said to be in early talks with Boots to buy every store.

[loganair] 20/1/2022 20:19

Lidl opens its 900th British store in Liverpool and remains on track for 1,100 stores by end of 2025.

[loganair] 20/1/2022 20:03

The owners of UK supermarket chain Asda Zuber and Mohsin Issa are deliberating a multi-billion pound swoop on beauty retailer Boots.

The move could be met with competition concerns, however.

As one of the UK’s ‘big four’ supermarket chains, and with a big personal care and cosmetics retail business, a takeover deal could raise eyebrows.

Other supermarket groups are also thought to be interested in buying out Boots, as speculation intensifies about who will be the new owner of the 172-year-old high street stalwart.



I wonder if one of the 'other supermarket groups' may mean Sainsbury's???