Surprise boost for retail as food sales see biggest jump since start of pandemic |
I read the NICS hike coming in April for SBRY staff alone is costing the company an extra GBP150M per year, a huge hit to profits and off the bottom line, this will have to be countered with price rises.. |
Pay growth numbers , huge employer of staff..... as with MKS and TSCO , both heading south today. |
Sainsbury’s has removed 115 products from its Aldi Price Match scheme since November.
Yes, but hardly anyone who shops in these stores will notice that. They don't watch the stuff we all watch on here! |
‘Question over future of Aldi price match schemes’ as Sainsbury’s joins Tesco in scaling back after Tesco axed more than 100 items in its scheme last week - Sainsbury’s has removed 115 products from its Aldi Price Match scheme since November.
The UK’s second-largest supermarket has since raised the prices of almost all the products above Aldi’s, according to IPLC partner Paul Stainton.
Additionally, Asda axed its Aldi and Lidl price match initiative in January, as it geared up to bring back its Rollback price proposition.
Stainton argued the emerging trend put “a question mark over the long-term future of such schemes in the UK”. |
The same thing happened with NWG and BARC last week and as I could not find anything on the news feeds etc, I bought some of both and guess what, yesterday my pre set sells were triggered and I had a profit on both. |
What the hell has happened here today ? TSCO tw@tted as well. |
Calendar link in header updated. |
post deleted |
n3r - Article Published August 24, 2021. |
my search engine is showing this article as 4 days old. Can someone else check?
hxxps://be.fashionnetwork.com/en-be/news/Sainsbury-s-shares-surge-on-takeover-speculation,1327768.html |
 Asda doesn't seem to be able to get a break....
Struggling Asda’s credit rating is under threat if the supermarket fails to turn around its poor performance, agency Moody’s warned today.
It said retail veteran Allan Leighton, who was brought back to run the “big four” grocer again in November, nearly a quarter of a century after he left, must urgently sort out the company’s operational problems.
The Moody’s note compared the balance sheet strength and performance of Morrison, which is rated a weaker B1, and Asda. Moody’s said Morrison was putting its house in order since its £7 billion leveraged buyout in 2021.
But the agency added: “In tandem with battling for market share in a highly competitive market, Asda has faced substantial operational hurdles, related to customer service, store experience and product availability.”
The group carries debt or around £4.7 billion, up slightly on the £4.4 billion after the leveraged buyout by the Issa brothers in 2021.
Asda’s turnaround programme, Project Future had “consumed considerable management attention” and as of September 2024 had cost more than £800 million in operational and capital expenditure, Moody’s said, with a further £150 million estimate for 2025. |
.
The outcome is inevitable imo.
Not sure why these companies are trying to drag this out via legal process, for as long as they possibly can.
The final bill is going up every day as the interest accrues. |
This is really going to hurt ASDA....
Tens of thousands of Asda store workers have moved closer to a £1.2billion payout after the latest judgment in a historic equality claim.
An employment tribunal has ruled that most shop workers in the case have jobs of 'equal value to higher-paid positions' in Asda's warehouses.
The claim compared store roles largely occupied by women and distribution roles mostly performed by men and is being considered a landmark case for pay equality.
Unions have suggested the fresh tribunal ruling could pave the way for staff to receive back pay collectively worth up to £1.2 billion. |
Please disregard posts 1003 and1004 bin drinking, apols. |
3 new funds have opened a short position on SAINS in Jan 2025 which from where i'm sitting could be the main factor in poor share price performance relative to sector and index. TESCO current has zero |
since xmas they is a 9% delta between Tesco & SAIN share price performance which can't be explained by their corresponding trading statements. The index has outperformed SAINS in the same period by 12%!! I don't see how TESCO can continue to increase market share growth, SAINS clearly has more potential |
Since the year 2000, taking into account inflation, just to have stood still Sainsbury's dividend would be circa 70p, with a share price more like £12. |
divi yield remains high compared to competitors but share price growth relative to the index and competitors is terrible. The CPY is doing all the right things to counter increased operating costs (post Apr 25). Market share continues to increase. |
n3r - Why do you think over the past couple of years the QIA has reduced its investment in Sainsbury's by 60%. |
This share price is seriously depressing |
Sold out, luck to holders. |
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