Retail news
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Sainsbury’s profits jump 6.6%
- Posted:
- 09 November 2011 12:40
Sainsbury's has reported another strong set of trading figures, with the supermarket giant crediting the success of its efforts to help cash-strapped customers as a major factor in the 6.6% jump in pre-tax profits to £354 million.In the 28 weeks to October 1st, total sales at Sainsbury's increased to £12.8 ...read more
Sainsbury’s launches "most ambitious growth plan ever"
- Posted:
- 12 October 2011 11:17
Supermarket giant Sainsbury's is aiming to create 50,000 jobs by 2020, double the amount of British food it sells and massively increase fairly traded products under a £1 billion sustainability plan launched today.The firm, which has 21 million customers and almost 1,000 stores, said it was the most ambitious and ...read more
Sainsbury’s joins price war with "Brand Match" promise
- Posted:
- 10 October 2011 10:32
Sainsbury's has pledged to match thousands of prices at rivals Tesco and Asda as the price war between the UK's leading supermarkets intensifies.The "Brand Match" promotion starts on Wednesday and comes two weeks after Tesco launched a £500 million "Big Price Drop" that cut the prices on 3,000 lines including ...read more
PM forced into speech rewrite after debt lecture derided
- Posted:
- 06 October 2011 10:51
The Prime Minister David Cameron was forced into a last-minute rewrite of his speech to the Tory Party conference yesterday, following overwhelming negative reaction to previews of the original oratory which called for people to pay off their credit cards. However rather than greeted as a sensible suggestion to help ...read more
Sainsbury’s boosted by non-food and convenience sales
- Posted:
- 05 October 2011 10:40
Sainsbury's hailed a "good sales performance" today after enjoying success in fashion and in its convenience stores.The group's like-for-like sales were up 1.9% excluding fuel in the quarter to October 1st, although unlike Tesco its figures include VAT.Chief executive Justin King said general merchandise and clothing continued to do well, ...read more
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