Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
Sainsbury’s offer value alternative to journo barred from Tesco dinner April 10, 2014 After reports that the Financial Times' senior retail correspondent, Andrea Felsted, has been barred from a Tesco journalist dinner this evening, a rival has put forward an alternative of their own. Grocers Sainsbury's suggests that Felsted might want to check out their £10 Bistro meal deal, for "any journos who find their dinner plans suddenly [...]
Sainsbury’s hit by first sales fall in nine years March 18, 2014 SAINSBURY’S nine-year run of like-for-like sales growth came to a halt in the fourth quarter as sluggish market growth and fierce competition from discounters finally caught up with the grocer. Like-for-like sales excluding fuel tumbled 3.1 per cent in the 10 weeks to 15 March, ending 36 consecutive quarters of sales growth on chief executive [...]
Sainsbury’s sales fall for the first time in 9 years March 18, 2014 Sainsbury's has seen a fall in like-for-like sales growth for the first time in nine years, with like-for-like sales in the fourth quarter dropping 3.1 per cent excluding fuel and a decline in total sales of 1.5 per cent. Justin King, chief executive, said: We have seen a decline in sales in the quarter reflecting [...]