Retail news
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Sainsbury’s staff set for £60 million bonus as profits soar
- Posted:
- 11 May 2011 10:10
Sainsbury's said today that its staff will share a bonus pot of around £60 million after it posted a 9% rise in annual profits to £665 million.The payout for 124,000 workers, which compares with a bonus pool of more than £80 million last year, comes after the group overcame a ...read more
Shapland in shock Sainsbury’s departure
- Posted:
- 10 May 2011 09:40
J Sainsbury has announced that Darren Shapland, group development director, is to stand down with effect from the company's AGM on the 13th July 2011.Mr Shapland plans to pursue a number of personal interests in the future but will remain with Sainsbury's as non-executive chairman of Sainsbury's Bank. Luke Jensen, ...read more
Tesco reveals £3.8 billion profits despite UK slump
- Posted:
- 19 April 2011 09:29
Supermarket giant Tesco revealed a fourth-quarter sales slump today as it admitted it missed UK growth targets, however the group was boosted by its international performance as underlying profits rose to £3.8 billion.The group said UK like-for-like sales excluding VAT and fuel fell 0.7% in the three months to February ...read more
Sainsbury’s overhauls own label ranges
- Posted:
- 18 April 2011 09:44
Sainsbury's has begun "the single biggest own label development we've ever done as a business" according to the group's commercial director Mike Coupe.All the retailer's own label products will be revamped to feature the new By Sainsbury's label.Speaking to The Grocer, Mr Coupe said: "From a consumer point of view, ...read more
Sainsbury’s sees sales slow
- Posted:
- 23 March 2011 10:21
Supermarket giant Sainsbury's revealed a bigger-than-expected slowdown in sales growth today as it highlighted the squeeze on consumer spending.The UK's third biggest supermarket chain said it had seen "customers manage their spending carefully" with same-store sales growth of 1%, including VAT but excluding fuel, in the 10 weeks to March ...read more
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