JUSTIN KING GOES THE EXTRA MILE FOR SPORT RELIEF March 19, 2012 SAINSBURY’S chief Justin King has been busy pounding the pavement in order to raise money for Sport Relief ahead of the Sport Relief Mile this Sunday. King, whose stores stock much of the Sport Relief charity merchandise, has run 32 miles across the UK in March in the hope of beating last year’s efforts for [...]
ANALYST VIEWS: HOW HAS THE RETAILER FARED COMPARED TO RIVALS? March 21, 2012 CLIVE BLACK | SHORE CAPITAL Sainsbury has delivered what can only be considered a very sound and resilient performance against the backdrop of demonstrably challenging times. Indeed, the group deserves credit for the sales momentum delivered in the fourth quarter and in the face of some deep fuel related discounts by competitors. RICHARD HUNTER | [...]
On International Paralympic Day Sainsbury’s is relishing the Games September 7, 2011 COUNTDOWN TO THE LONDON PARALYMPIC GAMES 2012 356 DAYS TO GO Gwyn Burr explains the business case for leading the way as the first Paralympics-only corporate sponsor Q.What was your brand’s primary reason for being involved with the Games? A.I think that the Paralympics movement and Sainsbury’s have a very similar brand ethos. The idea [...]
Waitrose and budget stores winning sales April 24, 2012 UK CONSUMER habits are becoming increasingly divided, accordingly to new retail data that shows higher-end and budget retailers growing market share while those occupying the middle ground lose out. Kantar Worldpanel figures for the 12 weeks to 15 April 2012 showed upmarket supermarket Waitrose increasing market share from 4.3 per cent to 4.5 per cent [...]
St Modwen buoyed by £2bn Nine Elms win April 4, 2012 ST MODWEN said in a trading update yesterday that profits remained in line with expectations, as it flagged its appointment to redevelop New Covent Garden Market in Nine Elms as “a significant contract win” for the firm. The government revealed last week that the developer and French group Vinci had been picked as the preferred [...]
Troubling times for retailers to the squeezed middle April 29, 2012 SPARE a thought for the squeezed middle. No, not the ordinary family as defined by Ed Miliband, but the places they shop and the things they buy. The mid-market consumer firm is finding the going very tough indeed. There has been much written about Tesco’s troubles in recent months, punctuated by a series of ignominious [...]
FTSE buoyed by retailers as investors eye Budget March 21, 2012 THE FTSE 100 headed up in early trading as retailers regained some momentum while investors were turning their attention to the Chancellor’s budget speech. George Osborne is expected to rejig taxes while seeking to keep his austerity plan on track. However figures showing that that public sector net borrowing hit a record for February cast [...]
Relaxed Sunday trading will only be for Olympics March 21, 2012 DESPITE speculation to the contrary, George Osborne was adamant yesterday that the relaxing of Sunday trading laws will be a temporary measure. “When millions of visitors come to Britain [this summer] we don’t want to hang up a ‘closed for business’ sign,” the chancellor said. But he added the legislation will be “limited… to eight Sundays [...]
Concessions loom as Fink joins revolt on charity tax April 15, 2012 WILLIAM Hague has paved the way for government concessions on the capping of tax relief on charitable donations after a group of leading philanthropists, including Stanley Fink, said it would deter people from giving to good causes. Hague, the foreign secretary, appeared to hint at a compromise. “Finding a solution that takes account of the [...]
Concessions loom as Fink joins revolt on charity tax April 15, 2012 WILLIAM Hague has paved the way for government concessions on the capping of tax relief on charitable donations after a group of leading philanthropists, including Stanley Fink, said it would deter people from giving to good causes. Hague, the foreign secretary, appeared to hint at a compromise. “Finding a solution that takes account of the [...]