Sainsbury’s is one of the pioneers of UK grocery retailing. Founded in 1869 by John James Sainsbury and his wife Mary Ann, the business was one of the earliest adopters of the self-service shopping model that would go on to revolutionise the way people purchased food. Based in Holborn, London, the business operates around 1,500 stores across its supermarket format and Sainsbury’s Local convenience division. In 2016, Sainsbury’s acquired Argos in a £1.4bn deal designed broaden its reach into general merchandise, ramp up its online and digital expertise, and provide Argos with a greater presence inside the grocer’s larger stores. As well as Argos, Sainsbury’s also owns the Tu clothing label – one of the largest fashion brands in the UK by sales volume – but its core grocery business continues to account for the majority of group sales.
2020-01-09T17:36:00+00:00By Grace Bowden
It has been a festive trading period dubbed by the BRC as “the worst on record”. With this week bringing the departure of a retail boss from one business and a profit warning at another, it does have the markings of a bleak Christmas.
2020-01-08T10:18:00+00:00By Luke Tugby
Sainsbury’s boss Mike Coupe has hinted that the retailer could reduce its exposure to the challenged toys and gaming categories following a turbulent Christmas.
2020-01-08T07:09:00+00:00By George MacDonald
Sainsbury’s has reported a fall in sales over the Christmas quarter, when strong food sales were undermined by a decline in general merchandise.