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09.01.26 - 10:36
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Sainsbury′s blames ′significant headwinds′ for drop in Argos sales at Christmas (The Guardian)
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Online competition and weak consumer confidence behind fall, although sales at group's supermarkets roseBusiness live – latest updatesSainsbury's has blamed “significant headwinds” from weak consumer confidence, heavy online competition and widespread discounting for a fall in sales at its Argos chain over the all-important Christmas quarter.The UK's second-largest grocer said its supermarkets increased sales by 3.4% at established stores in the three months to 3 January but Argos sales fell 1% in the period. Continue reading......
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06.11.25 - 11:12
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J Sainsbury H1 Profit Rises (AFX)
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LONDON (dpa-AFX) - J Sainsbury plc (SBRY.L) reported that its first half profit after tax increased to 165 million pounds from 76 million pounds, last year. Earnings per share was 7.1 pence compar......
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01.07.25 - 08:48
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Sainsbury Q1 Sales Improve (AFX)
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LONDON (dpa-AFX) - Sainsbury (J) PLC (JSAIY.PK, SBRY.L), a British supermarket chain, on Tuesday reported a rise in sales for the first quarter.For the first quarter, the company posted total reta......
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17.04.25 - 11:12
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Sainsbury′s joins UK retailers′ £1bn profits club but warns of flat year ahead (The Guardian)
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Supermarket to close two of its five non-food warehouses to save £70m a year, putting jobs at riskBusiness live – latest updatesSainsbury's has joined Tesco, Next and Marks & Spencer as one of a handful of retailers who have made £1bn in profits, but it does not expect to beat that figure this year amid rising costs and price competition.Simon Roberts, the chief executive of Sainsbury's, indicated that the group was ready to take on Asda, which has pledged to cut prices in an attempt to win back market share, saying his business was “committed, above all else, to sustaining the strong competitive position we have built – consistently giving customers the great value they have come to expect”. Continue reading......
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17.04.25 - 09:18
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Sainsbury′s joins £1bn profits club; US Federal Reserve warns on inflation – business live (The Guardian)
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Live, rolling coverage of business, economics and financial markets as UK retailer says profits will be flat this year as it tries to match rivals' pricesGood morning, and welcome to our live coverage of business, economics and financial markets.Sainsbury's has made underlying retail operating profits of more than £1bn for the first time, but the British supermarket chain suggested it will not beat that this year as it battles with rivals on price. Continue reading......
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