Sainsbury (j) Share Discussion Threads

[loganair] 21/3/2024 11:54

Aldi has revealed its latest wish list of priority locations across London where there is "strong demand" for stores and is looking to build new stores – including Bromley, Beckenham, Richmond, Walthamstow, Wanstead, Winchmore Hill, Notting Hill, Chelsea, Kensington, Chiswick, Highbury, Hackney and Barnet.

As part of a £500 million investment to bring more stores to within the M25, Aldi is looking to open another 100 stores which would create around 3,500 new jobs in the region.

In addition, the supermarket says it is also on the lookout for sites to accommodate its Aldi Local store format, which are around 5,000sq ft in size.

Jonathan Neale, managing director of national real estate at Aldi UK, said: “We want to make high quality, affordable food accessible to all, but there are still many areas in the capital that don’t have access to an Aldi and, as a result, too many people have to make do with big prices at the traditional supermarkets.

“The locations we’ve identified are places where there is demand for our stores and we are committed to continue investing until we can bring our quality products and unbeatable prices to as many people as possible.”

[havinthelasttoast] 17/3/2024 17:25

Tesco and Sainsbury’s issue resolved. Hardly a big deal in the scheme of things. Someone made a balls and didn’t test an upgrade well enough when deployed. It happens. Hopefully get a little fluff down tomorrow for a buying opp.

[loganair] 17/3/2024 15:43

It's only going to get worse as they have no redundancy or back up when it fails and it will fail from time to time and that's the stupidity or relying 100% on modern technology and computer programming.

In days gone by, when things were done by people, if one or two became sick, the others could easily cover.

[bountyhunter] 17/3/2024 11:00

Tesco's affected to an extent as well. They says it's not related but if not it's a bizarre coincidence.

[spob] 16/3/2024 17:33

This is why I never allow automatic updates on any of my devices.

Always wait until the Guinea pigs have fully tested updates for a few weeks at least, before allowing them on my phones and computers.

[spob] 16/3/2024 17:25

McDonalds had issues the other day and Tesco also having problems today.

Looks like windows update gone wrong or similar.

Have they tried switching everything off and on again. Lol

[spob] 16/3/2024 17:18

.
They are having major system wide issues today. Not just payment issues.

Customers dumping shopping at checkouts because can’t pay. Creating chaos for staff to put goods back.

Customers going outside to get cash from ATMs. Only to find the ATMs are not working either.

BBC saying some stores can’t even print the labels for the bread in the in-store bakery.

Also I have heard the online shoppers in some stores can’t pick new online grocery orders because their hand sets are not working.

More automation and a cash-less society is what we need. Hahaha 😂

[tim 3] 16/3/2024 12:56

Always annoys me this.They just put it down to a "technical issue " and that the end of it but what went wrong why wasn't it tested before going live across the company something as catastrophic that it brings virtually the entire company to a holt really shouldn't happen in this day and age when we are repeatedly encouraged not to carry cash.

[spob] 16/3/2024 12:22

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Sainsbury's: 'Vast majority' of online deliveries cancelled over technical issues

Plus chaos in stores due to no contactless payments and self scan checkouts cash only. ATM problems too.

[loganair] 16/3/2024 12:00

McDonald's yesterday - Sainsbury's today!!!!!


Sainsbury's has said it will be unable to fulfil the "vast majority" of online deliveries today after suffering "technical issues" at some stores.

The supermarket chain said the issues were due to "an error with an overnight software update" and had affected contactless payments.

In a statement to Sky News, a spokesperson said: "Unfortunately, this means we will not be able to deliver the vast majority of today's Groceries Online orders and we are currently unable to contact customers directly, but will contact them as soon as we can to rebook orders.

The supermarket's page on X was inundated with customers' complaints that their orders had not arrived this morning.


When will companies start to realize they need a back up to their computer systems of doing anything to fall back on so if the computer system goes down they can still operate manually.

[chachacha] 16/3/2024 11:12

https://www.bbc.co.uk/news/uk-68584235So much for cashless Britain. Broke - yesCashless - no.

[havinthelasttoast] 15/3/2024 14:13

Web data continues to show great growth especially on app.

Also I predict Argos has just went flat in March and the trend is for growth the next quarter.

Monument is key and Sainsbury’s has all the momentum and the low profit number hides the real underlying strength of the business. With 1b of cost savings coming we will see this share double in the next 24 months in my view.

[unastubbs] 15/3/2024 13:41

I say 50/50 you could be right about that havinthelastoast, Sainsbury's to be number one I mean. Definitely an obvious share to hold for income and gradual capital appreciation.

[havinthelasttoast] 15/3/2024 13:38

Lucky for us we are prudently run with a large family holding and not P/E style short term thinking management.

Great hold the next years. Soon to be number 1 within a decade

[loganair] 14/3/2024 12:26

All this adds up to, as per usual 'Private Equity' is destroying Morrisons in the single pursuit of making has much money as possible from leverage debt as they did with Woolworths, Debenhams and Toys R Us etc.

[loganair] 14/3/2024 12:06

Morrisons increased marketing spend by a fifth in 2023 despite £1bn loss:


Despite a near £1bn loss, Morrisons invested heavily in marketing in its most recent financial year. The supermarket chain spent £204m on marketing and advertising in the year ending 29 October 2023, a figure that represents an increase of around one fifth (21%) versus the same period last year.

The increased spending came as Morrisons revamped its brand, resurrecting ‘More Reasons to Shop at Morrisons’ in a major new campaign and revitalising its loyalty offering.

It was a bid for the supermarket to be “bolder” in its marketing, chief customer and marketing officer Rachel Eyre told Marketing Week at the time.

As top marketer Eyre heads off on maternity leave, former group commercial director Darren Blackhurst is set to step into the role on an interim basis. One of Blackhurst’s “first priorities” will be the company’s pricing strategy, CEO Baitiéh said, commenting on the appointment.

[loganair] 13/3/2024 19:52

Morrisons made a loss of more than £1 billion last year, driven by soaring debt financing costs.

The retailer, which was bought for £7bn by US private equity firm Clayton, Dubilier & Rice (CD&R) in 2021, reported the heavy loss for the year to October 29 in freshly-filed Companies House accounts.

The £1.09bn pre-tax loss came after the company recorded a £1.52bn loss in the previous year.

It revealed the latest loss came after it paid out £735million of financing costs, which were linked to the firm's mammoth debts and higher interest rates.

The accounts showed the parent company - titled Market Topco following the takeover - had net debts of £8.5bn at the end of October last year.

In the last financial year, Morrisons also reported revenues of £18.35bn, down from £18.72bn a year earlier.

During the year, the company also reduced its staffing levels by almost 9,000 workers to just shy of 105,000 employees.

The retailer has come under significant pressure from the growth of discounter rivals, with Aldi overtaking Morrisons as the UK's fourth biggest supermarket chain in 2022.

[loganair] 11/3/2024 17:09

Big problem ASDA now has as many stores have discontinued night shifts...

"The queue to use the self-service checkouts at the weekend had around 100 people in it, with all the checkouts closed because staff were on the shop floor stacking shelves that are no longer replenished during the night."

“They have taken away their night staff so there’s people stacking the shelves during the day which gets in the way. They are always short staffed."

[havinthelasttoast] 11/3/2024 10:46

Thats the market buddy.

There is nearly always someone in the kitchen here. That’s why the British and Irish women are all big beasts lol, get the kebabs down their fat faces with a pint lol lol

[alphorn] 11/3/2024 10:33

The person who down ticks #145 is obviously learning resistant.

[alphorn] 11/3/2024 10:31

We buy fresh bread every evening for the morning and croissants that morning if possible. The taste is so different.

It is all about money - use cheaper ingredients plus the bonus of keeping it on the shelves for days..........

[unastubbs] 11/3/2024 10:27

Thanks Alphorn. I didn't know that.