Sainsbury’s Christmas advert 2014: Surprise WWI centenary themed TV ad steals John Lewis festive video crown November 13, 2014 Has Sainsbury's managed to steal John Lewis's crown for best Christmas advert of the year? The supermarket has created a Christmas ad just as touching, heartfelt, and beautifully told as John Lewis’ Monty the penguin, but with a far deeper sentiment. The three minute video, created with ad agency AMV BBDO, eschews Christmas trees and [...]
Sainsbury’s to slash prices as profits plunge November 12, 2014 SAINSBURY’S boss Mike Coupe said yesterday that the retailer was “taking the fight to the enemy” as he unveiled plans to cut costs and its dividend to fund a £150m price offensive against its discount supermarket rivals. The grocer’s nine-year run of uninterrupted sales growth came to a grinding halt this year as changing shopping [...]
March of the discounters: Sainsbury’s share price rises as it promises £150m price cuts November 12, 2014 Newly-installed Sainsbury's chief executive Mike Coupe has taken the bull by the horns, promising a £150m "investment" in price cuts in order to compete with increasingly powerful discounters such as Aldi and Lidl. Investors were clearly impressed: shares rose four per cent as the market opened. The supermarket posted results showing its worst first-half performance [...]
Vodafone and Sainsbury push FTSE 100 slightly up – London Report November 11, 2014 The FTSE 100 yesterday advanced to its highest level in more than a month, as a rise in mobile operator Vodafone and supermarket retailer Sainsbury offset a slump in energy stocks. The blue chip index closed up by 0.2 per cent, or 16.15 points, at 6,627.40 points – its best closing level since late September. [...]
Sainsbury’s loses clash of the titans as its challenge over Tesco’s Price Promise is thrown out November 10, 2014 Tesco can breathe a sigh of relief – Sainsbury's claim that its Price Promise campaign was unlawful and like comparing “apples with pears” has been thrown out by a High Court judge. Sainsbury's had complained that, when applied to Tesco's own label products and fresh food, the price comparisons were misleading, unfair and unlawful. [...]
Sainsbury’s eyes dividend cuts as profits set to fall November 10, 2014 Spending cuts, including a reduction in its dividend, are tipped to be on the agenda for Sainsbury’s on Wednesday as the supermarket prepares to rein in costs along with its first-half results. Analysts expect chief executive Mike Coupe will reveal a disappointing 12.5 per cent fall in profits to £350m for the period, as the [...]
New Sainsbury’s boss Mike Coupe is on the right road by clamping down on this spending – Bottom Line November 10, 2014 It takes one to know one – and thus I can confidently declare that ex-Sainsbury’s boss Justin King is a contrarian. As the kind of fool who has a tenner on Arsenal to win this season’s Champions League, I am instantly able to recognise the delight he must feel by saying things like “there’s nothing [...]
Former Sainsbury’s boss Justin King bats away online store threat November 3, 2014 Former Sainsbury’s boss Justin King yesterday warned grocers not to neglect bricks-and-mortar stores at the expense of online shopping. The former FTSE 100 CEO, who left Sainsbury’s in July after 10 years at the helm, said 96p in every pound spent on food in Britain was still done so in physical stores. “If you remember [...]
Moody’s thinks Tesco, Sainsbury’s, Asda and Morrisons’ profit margins will continue shrinking October 17, 2014 Profit margins at the so-called “big four” supermarkets will shrink even further than they have already as they fight a losing battle against discounters, according to rating agency Moody's. "Further price cuts could be particularly credit negative for Tesco and Morrison as their cost-cutting and efficiency measures are unlikely to fully offset the negative impact [...]
Dragons Den star Peter Jones opens Jessops inside Sainsbury’s supermarkets October 8, 2014 Jessops, the camera chain brought out of administration by Dragons Den star Peter Jones last year, has opened its first store inside a Sainsbury’s supermarket. The retailer yesterday launched in Sainsbury’s superstore in Newport, South Wales, and plans to open a further two stores in Waterlooville, Hampshire, and Maidenhead, Berkshire, within months. “This is a [...]