Sainsbury&#039;s http://www.globalpost.com/taxonomy/term/24296/all en UPDATE 1-Sainsbury led top UK grocers in Christmas sales growth http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* UK grocery market grew 3.2 pct in 12 weeks to Dec. 23<br /> * Sainsbury market share up 0.1 pct pt, Tesco down 0.1<br /> * Strongest growth at discount and premium end - Kantar<br /> * UK retail sales up 0.3 pct in December - BRC<br /> * 2013 to be difficult for retailers - BRC</p> <p> By James Davey<br /> LONDON, Jan 8 (Reuters) - J Sainsbury, Britain's<br /> No.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-sainsbury-led-top-uk-grocers-christmas-sales-growth" target="_blank">read more</a></p> Aldi Asda Business Economy of the United Kingdom Employment Relation Food industry Grocery store Lidl Morrisons Person Career Quotation Sainsbury's Social Issues Technology Tesco United Kingdom Waitrose Walmart Thomson Reuters Tue, 08 Jan 2013 14:15:04 +0000 5731597 at http://www.globalpost.com Sainsbury has record Christmas though growth slows http://www.globalpost.com/dispatch/news/thomson-reuters/130109/sainsbury-has-record-christmas-though-growth-slows <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 9 (Reuters) - J Sainsbury, Britain's No. 3 supermarket, met forecasts for underlying sales in the Christmas quarter, though growth did slow from its first half in a highly promotional festive market.</p> <p>The group, which trails market leader Tesco and No. 2 player Wal-Mart's Asda by annual revenue, said on Wednesday sales at stores open over a year rose 0.9 percent, excluding fuel, in the 14 weeks to Jan. 5, its fiscal third-quarter.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/sainsbury-has-record-christmas-though-growth-slows" target="_blank">read more</a></p> Economy of the United Kingdom Entertainment Human Interest J Sainsbury Sainsbury Sainsbury's United Kingdom Thomson Reuters Wed, 09 Jan 2013 07:30:43 +0000 5731988 at http://www.globalpost.com UPDATE 2-Sainsbury sales growth slows despite record Christmas http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-sainsbury-sales-growth-slows-despite-record-christmas <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q3 like-for-like sales, ex fuel, up 0.9 pct, as expected</p> <p>* Outcome driven by growth of online, convenience sales</p> <p>* Says positioned to perform well in Q4</p> <p>* Says won't be hurt by any Tesco revival</p> <p>* Sainsbury shares down 3 pct</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-sainsbury-sales-growth-slows-despite-record-christmas" target="_blank">read more</a></p> Economy of the United Kingdom Entertainment J Sainsbury Sainsbury Sainsbury's United Kingdom Thomson Reuters Wed, 09 Jan 2013 08:00:22 +0000 5731994 at http://www.globalpost.com Interserve full-year profit rises 7.7 percent http://www.globalpost.com/dispatch/news/thomson-reuters/130227/interserve-full-year-profit-rises-77-percent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 27 (Reuters) - British support services and construction company Interserve Plc reported a 7.7 percent rise in profit, helped by a strong performance at its core support services division.</p> <p>The company said it expected more growth in 2013, to progress well, driven by improving margins in the petrochemical sector and plans to expand support services businesses, especially in the Middle East.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130227/interserve-full-year-profit-rises-77-percent" target="_blank">read more</a></p> Interserve Interserve Plc Sainsbury's Thomson Reuters Wed, 27 Feb 2013 08:15:23 +0000 5768144 at http://www.globalpost.com Convenience stores, online help Sainsbury top forecasts http://www.globalpost.com/dispatch/news/thomson-reuters/130319/convenience-stores-online-help-sainsbury-top-forecasts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - J Sainsbury, Britain's third-biggest grocer, beat forecasts for underlying sales in its fourth quarter, with strong growth online and in convenience stores more than offsetting a weaker performance in its traditional outlets.</p> <p>Online sales and convenience stores are the two fastest growing areas for Britain's supermarkets as shopping habits change, with consumers increasingly using the internet to shop and high fuel prices discouraging trips to town centres and out-of-town malls.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/convenience-stores-online-help-sainsbury-top-forecasts" target="_blank">read more</a></p> Business Economy of the United Kingdom J Sainsbury Labor Law Sainsbury Sainsbury's Technology United Kingdom Thomson Reuters Tue, 19 Mar 2013 08:15:04 +0000 5787467 at http://www.globalpost.com Tesco loses ground to Sainsbury in UK food market - Kantar http://www.globalpost.com/dispatch/news/thomson-reuters/130326/tesco-loses-ground-sainsbury-uk-food-market-kantar <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Britain's third-largest grocer, J Sainsbury &lt;SBRY.L&gt;, expanded its market share in the 12 weeks to March 17, while industry leader Tesco &lt;TSCO.L&gt; and No. 4 player Wm Morrison &lt;MRW.L&gt; lost ground, according to monthly data published on Tuesday.</p> <p>Market researcher Kantar Worldpanel said Sainsbury's sales grew 6.2 percent in the period, giving it a market share of 16.9 percent. Tesco's grew 1.1 percent as the wider market grew 3.9 percent, while Morrison's sales fell 1.0 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130326/tesco-loses-ground-sainsbury-uk-food-market-kantar" target="_blank">read more</a></p> Business Economy of the United Kingdom Sainsbury's United Kingdom Thomson Reuters Tue, 26 Mar 2013 14:00:06 +0000 5794223 at http://www.globalpost.com Sainsbury's in talks with Lloyds over Sainsbury's Bank control http://www.globalpost.com/dispatch/news/thomson-reuters/130507/sainsburys-in-talks-with-lloyds-over-sainsburys-bank-control <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - J Sainsbury &lt;SBRY.L&gt;, Britain's third largest supermarket group, said on Tuesday it was in advanced negotiations with Lloyds Banking Group &lt;LLOY.L&gt; to take full ownership of the Sainsbury's Bank joint venture.</p> <p>Sainsbury's statement was prompted by media speculation over the weekend.</p> <p>(Reporting by James Davey, Editing by Paul Sandle)</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> Banks Lloyds Banking Group Sainsbury's Thomson Reuters Tue, 07 May 2013 16:58:37 +0000 5832952 at http://www.globalpost.com UK retailers say talk of economic recovery premature http://www.globalpost.com/dispatch/news/thomson-reuters/130912/uk-retailers-say-talk-economic-recovery-premature <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - Some of Britain's biggest retailers on Thursday cast doubt on an imminent consumer recovery, saying they expected spending to remain subdued until wages started to grow ahead of inflation, which could be at least a year away.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130912/uk-retailers-say-talk-economic-recovery-premature" target="_blank">read more</a></p> Business Economy of the United Kingdom Labor Law Morrisons Sainsbury's Technology Thomson Reuters Thu, 12 Sep 2013 12:34:53 +0000 5932082 at http://www.globalpost.com UK retailers say talk of economic recovery premature http://www.globalpost.com/dispatch/news/thomson-reuters/130912/uk-retailers-say-talk-economic-recovery-premature-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - Some of Britain's biggest retailers on Thursday cast doubt over signs of economic recovery, saying consumer spending - the largest engine of growth - was likely to remain subdued until wages rise ahead of inflation, which could be over a year away.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130912/uk-retailers-say-talk-economic-recovery-premature-0" target="_blank">read more</a></p> Business Inflation Labor Law Morrisons Sainsbury's Technology Thomson Reuters Thu, 12 Sep 2013 15:18:24 +0000 5932290 at http://www.globalpost.com Sainsbury's sees UK consumers poorer this time next year http://www.globalpost.com/dispatch/news/thomson-reuters/131008/sainsburys-sees-uk-consumers-poorer-time-next-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - British consumers are likely to have less disposable income this time next year, the boss of one of the UK's largest supermarkets said on Tuesday, casting further doubt on the speed of economic recovery.</p> <p>Official data and surveys have shown an improving outlook for UK consumer spending, which generates about two-thirds of gross domestic product, but retailers remain wary as inflation continues to outstrip wage rises.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131008/sainsburys-sees-uk-consumers-poorer-time-next-year" target="_blank">read more</a></p> Business Sainsbury's Thomson Reuters Tue, 08 Oct 2013 13:18:18 +0000 5954937 at http://www.globalpost.com Sainsbury's plans 'dark store' to meet online demand http://www.globalpost.com/dispatch/news/thomson-reuters/131013/sainsburys-plans-dark-store-meet-online-demand <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution center dedicated to online grocery orders in response to rapidly increasing demand in southeast England.</p> <p>Online retailing is one of the fastest growing areas in the grocery industry as shopping habits change and more customers buy their food on the internet.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131013/sainsburys-plans-dark-store-meet-online-demand" target="_blank">read more</a></p> Economy of the United Kingdom Food industry Sainsbury's Technology Thomson Reuters Sun, 13 Oct 2013 17:01:10 +0000 5959864 at http://www.globalpost.com British supermarket Sainsbury's posts rising profits http://www.globalpost.com/dispatch/news/afp/131113/british-supermarket-sainsburys-posts-rising-profits <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Supermarket chain Sainsbury's announced on Wednesday a rise in first-half net profits as its share of Britain's grocery market hit the highest level for ten years.</p> <p>Net profit grew 9.3 percent to £340 million ($540 million, 402 million euros) in the six months the end of September, Sainsbury's said.</p> <p>Tjhe company is Britain's third-biggest supermarket chain after Walmart-owned Asda and the country's biggest retailer Tesco.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131113/british-supermarket-sainsburys-posts-rising-profits" target="_blank">read more</a></p> Business Economy of the United Kingdom Sainsbury's United Kingdom AFP Wed, 13 Nov 2013 09:37:34 +0000 5987791 at http://www.globalpost.com Supermarket Sainsbury's reports mixed trading http://www.globalpost.com/dispatch/news/afp/140108/supermarket-sainsburys-reports-mixed-trading <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British supermarket chain Sainsbury's announced mixed quarterly sales on Wednesday as a tough autumn gave way to a record Christmas period, highlighting shoppers' tightening of budgets amid austerity.</p> <p>Sainsbury's, Britain's second-biggest supermarket after Tesco, said that group sales climbed 0.2 percent in the 14 weeks to January 4, the group's third quarter, compared with the equivalent period a year earlier. </p> <p>Sales slowed markedly compared with activity in Sainsbury's second quarter, when they came in at 2.0 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140108/supermarket-sainsburys-reports-mixed-trading" target="_blank">read more</a></p> Business Economy of the United Kingdom Sainsbury's United Kingdom AFP Wed, 08 Jan 2014 10:01:40 +0000 6037744 at http://www.globalpost.com Sainsbury's CEO Justin King to step down in July http://www.globalpost.com/dispatch/news/thomson-reuters/140129/sainsburys-ceo-justin-king-step-down-july <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James Davey</p> <p>LONDON (Reuters) - Justin King will step down as chief executive of British grocer J Sainsbury &lt;SBRY.L&gt; in July after a decade at the helm, with the firm opting for continuity by choosing commercial director Mike Coupe as his successor.</p> <p>The company said King, who has almost trebled underlying profit during his tenure, will depart after its annual shareholder meeting on July 9.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140129/sainsburys-ceo-justin-king-step-down-july" target="_blank">read more</a></p> Business Economy of the United Kingdom Human Interest Sainsbury's United Kingdom Thomson Reuters Wed, 29 Jan 2014 12:46:12 +0000 6056043 at http://www.globalpost.com British supermarket Sainsbury's announces departure of CEO http://www.globalpost.com/dispatch/news/afp/140129/british-supermarket-sainsburys-announces-departure-ceo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Supermarket chain Sainsbury's said Wednesday that chief executive Justin King will leave the group in July, after a decade at the helm.</p> <p>"Sainsbury's today announces that Justin King has decided to step down in July 2014 after 10 years as CEO, and that Mike Coupe, currently the group commercial director, will succeed him as CEO," it said in a surprise statement to the London Stock Exchange.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140129/british-supermarket-sainsburys-announces-departure-ceo" target="_blank">read more</a></p> Economy of the United Kingdom Food industry Sainsbury's AFP Wed, 29 Jan 2014 14:32:15 +0000 6056195 at http://www.globalpost.com