Sainsbury (j) Share Discussion Threads

[philanderer] 04/7/2023 10:43

Solid.

Happy to hold, with a 4.85% yield on an unchanged dividend.

[spob] 04/7/2023 10:23

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Inflation Statement

[philanderer] 30/6/2023 11:56

Q1 trading update next tuesday.

[loganair] 27/6/2023 20:14

It seems to me reasonable to say Aldi are able to have lower prices now compared to this time last year because they're so well run and do not have layer upon layer of management.

In the UK, Sainsbury employs 2.94 times more people than Aldi while only having 1,38 times the market share.

Sainsbury employs 7,510 people per 1% of market share while Aldi employ 3,725 and Lidl just 2,987 per 1% of market share.

[loganair] 27/6/2023 20:04

Cost of living: The one UK supermarket where prices have fallen over past year:

According to figures from Trolley.co.uk's grocery price index, just one supermarket's overall prices have decreased since this time last year.

It's not by much - Aldi's average prices dropped just one pence (0.2%).

Iceland may be known as a budget supermarket, but it has actually seen price rises of 7.6% over the past year.

According to Trolley.co.uk's analysis, Aldi also appears to have the lowest average price across its range of 3,518 products compared to any of its competitors, with a price index of £6.57.

To put this into perspective, Iceland's sits at £12.60 as of June this year, compared to £9.53 at Asda and £13.95 at Waitrose.

[loganair] 25/6/2023 10:12

The Supermarkets are not making the profits the news outlets are making out. Sainsbury's profits are no higher than they were 10 years ago and taking inflation into account are far lower than they were.

As for M&S, if they were making the same profit they were in the early 1990's = over $5 billion into days money when they're barely able to make £500mln a year over the past 10 years.

[spob] 24/6/2023 16:57

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Investigation reveals UK’s freshest and least fresh online groceries

Shoppers for consumer group Which? ordered 1,800 items to test the average shelf life at six retailers

Joanna Partridge and Sarah Butler

The Guardian

Sat 24 Jun 2023

From out-of-date frankfurters to bashed brie, online food shopping can be a lottery, especially when it comes to the groceries’ shelf life, according to an investigation by the consumer group Which?.

Groceries delivered by Sainsbury’s were found to have the shortest average time left before their use-by dates, according to the items received by a team of 12 mystery shoppers located around the UK.

The shoppers were asked by Which? to place online orders for 25 items, all with use-by dates, from six major supermarkets, to test the average freshness of the food that arrived on their doorsteps.

The short shelf life of some groceries ordered online is a common gripe, especially at a time when households are watching their budgets closely and food prices continue to rise.

The shoppers ordered a total of 1,800 different items from Asda, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose.

Once the shoppers had received their groceries, researchers added up the number of full hours remaining from the time of delivery until midnight on the use-by date of each item, before calculating an average time for each supermarket.

The consumer group found that there was not a huge difference between the overall averages for each supermarket, with a gap of 38 hours between the longest and shortest average shelf life for the perishable items.

Sainsbury’s groceries had the shortest average shelf life at 9.7 days, the investigation found.

Britain’s second-largest supermarket chain even sent one shopper a packet of chilled frankfurters that were already 11 days out of date.

However, Sainsbury’s also delivered the item with the longest shelf life: a stilton that only needed to be eaten within the next 37 days.

A Sainsbury’s spokesperson said: “Our grocery online shoppers are trained to pick the longest date and best available products for customers’ deliveries. We deliver more than 85,000 orders a day on average and are sorry that this tiny number of examples has not lived up to our usual high service. If customers are not happy with the freshness or quality of their groceries, they are able to return products to our drivers at the doorstep for a full refund or contact our careline for help.”

The online grocer Ocado came out top in the investigation, with an average 11.2 day shelf life. However, even mystery shoppers using Ocado received beef mince with just over two days left, according to its use-by date, and a squashed triangle of brie that was still in date.

Ocado said it guaranteed a minimum life for products, ensuring customers could enjoy fresh foods for longer.

“Our clever technology, used to forecast demand, and shorter supply chain means we only order from suppliers what we need, which both minimises waste and increases freshness as our products don’t sit around on a shelf,” said a spokesperson for the online grocer.

Ele Clark, the Which? retail editor, said: “Online grocery shopping is a great way to fill your fridge without having to go to the supermarket or trudge home with heavy bags. Of course, there can be downsides to not choosing products yourself, but no one would expect items to already be out of date when they arrive at the doorstep.

“Shoppers should never have to pay for groceries that are not at their best. Customers not satisfied with their supermarket delivery can complain to the driver or contact the supermarket to get their money back. Any foods that have gone past their use-by date can be dangerous to eat, so it’s not worth the gamble, even if it smells and looks OK.”

[bountyhunter] 23/6/2023 18:05

Ocado shares dropped back a bit today but not sufficiently to convince me that there's no smoke without fire. I would not be at all surprised to see Ocado become part of the Amazon empire before long! Imho, nai.

[spob] 16/6/2023 07:14

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Sainsbury's replaces Pharmacy floor space with toilet rolls in my local store

I guess that was the best idea someone in head Office could come up with

Lol

[philanderer] 10/6/2023 23:52

Pension funds hit buffers after rout on bond markets: Sainsbury’s and M&S among firms to see value of schemes plunge

[bountyhunter] 08/6/2023 17:28

SBRY and MKS are the clear leaders on the one year chart in the header, MKS being a star performer over the last six months.

[philanderer] 08/6/2023 13:49

Sainsbury’s Simon Roberts is an effective CEO – but a £5m pay package is indefensible

Bumper pay is a bad look at a time when 14 per cent of Britons are skipping meals

[clive7878] 07/6/2023 14:52

Did they say on Teletext that the boss of Sainsburys was on £5m a year?
Did I hear that he said 'we are not overcharging customers'?

One thing I do know is that
2 boxes of 72 Weetabix in Sainsbury would cost you £16, against
the same product in Farm Foods - £11.

I appreciate that many products in Sainsburys are better quality,
and I'd rather pay a slightly higher price for quality,
as although I am getting on in my comfortable life,
being a financial man I have no problem monitoring prices in various Store.
____________________________________________________________________________

When shopping anywhere - tip from BBC1 from a doctor and professor - Watch out for in all Stores products with emulsifier ( additive) on them, one should limit these as they have been proven to cause - heart problems, cancer, and diabetes

Eat well - live longer.

[clive7878] 07/6/2023 14:38

bountyhunter - True - I was disappointed even in Asda to find that they had scaled down George Asda clothing for men, because the trousers were better and cheaper than M&S.

[1224saj] 07/6/2023 13:47

9p divi now priced in, so sub 2.70 tomorrow and then slowly north :-)

[philanderer] 07/6/2023 09:54

JPMorgan cuts J Sainsbury price target to 209 (219) pence - 'underweight'

Morgan Stanley raises J Sainsbury price target to 250 (237) pence - 'underweight'

[spob] 07/6/2023 08:58

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Boss of Sainsbury’s rakes in £5 million: a reward for profiteering (36% increase)




Unite-investigates-food-profiteering

[philanderer] 05/6/2023 14:12

Sainsbury’s expands online fashion marketplace offering

[bountyhunter] 04/6/2023 21:32

So definitely an opportunity for Sainsbury's to expand into.

[loganair] 04/6/2023 15:19

On my local high street M&S is the last man standing when it comes to buying men's clothing.

[bountyhunter] 04/6/2023 13:03

M&S clothing is not as good as it used to be, not that they have that much competition with Debenhams and many other clothing retailers being no more post pandemic.