Sainsbury's news and archive

Sainsbury’s to cut 3,000 jobs in continued ‘Next Level’ strategy

Supermarket giant Sainsbury’s has announced plans to reduce its headcount by over 3,000 roles, including a 20 percent reduction in senior management roles. The move comes as part of its continued ‘Next Level’ strategy, a three-year initiative initially launched in 2023 with the mission of simplifying central divisions and management structure....

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Sainsbury’s clothing sales improve by 2.2 percent

For the third quarter, total sales at Britain's supermarket group Sainsbury’s increased by 3.7 percent and sales over the Christmas period increased by 3.8 percent, while like-for-like sales increased by 2.8 percent. The company said in a release that while general merchandise and clothing sales were down 0.1 percent, clothing sales grew by 2.2...

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Sainsbury’s clothing sales grow in H1 driven by summer uptick

Supermarket giant Sainsbury’s has welcomed modest growth for its clothing brand Tu, despite general merchandise and clothing sales declining 1.5 percent in the first half of the current financial year. In the 28 weeks ended 14 September 2024, the retailer’s Tu Clothing range welcomed a 1.3 percent increase in sales, benefitting from a stronger...

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Sainsbury’s Q1 sales rise but clothing drops as ‘food first’ plan comes to head

Months after implementing a strategy that placed food back at the forefront of its focus, it appears that the plan is beginning to pay off for Sainsbury’s. In the supermarket giant’s latest Q1, for the 16 weeks to June 22, 2024, it reported a year-on-year sales growth of 4.2 percent for its own stores, while total retail sales (excluding fuel)...

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Sainsbury's posts 6.4 percent decline in clothing sales

In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...

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Sainsbury’s to cut 1,500 roles as part of cost-saving strategy

British supermarket retailer Sainsbury’s has said that it is planning to cut around 1,500 roles across the business as part of its ongoing ‘Next Level’ strategy designed to simplify the company’s structure. Among the retailer’s plans are that of making a more simplified Store Support Centre, creating more efficient Contact Centre operations and...

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Sainsbury's Tu Clothing Christmas sales drop 6 percent

J Sainsbury reported third quarter clothing sales declined 1.7 percent and Christmas clothing sales were down 6 percent versus the same period last year. Sainsbury’s said Tu clothing regained some momentum in a market that remains highly promotional, partially reflecting unseasonably warm weather, particularly over Christmas. Partywear and...

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Sainsbury’s invests 200 million pounds to increase employee pay

Sainsbury’s has said that it would be investing 200 million pounds in order to increase the rate of employee pay by 9.1 percent, effective from March. The supermarket giant will be increasing the wage to 12 pounds an hour, and 13.15 pounds for colleagues in London, making it the company’s “biggest ever investment into colleague pay” with 120,000...

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Project Pegasus: John Lewis and Next among those joining crackdown on shoplifting

As the UK continues to battle on through its cost-of-living crisis, an increasingly prominent offset of the financial crunch has become front of mind for many retailers in the region. Shoplifting and retail theft is up 27 percent across 10 of the largest cities in the UK, according to the British Retail Consortium (BRC), which had been calling...

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Sainsbury’s preparing to launch third-party fashion marketplace

Supermarket giant Sainsbury’s is believed to be prepping for the launch of its own third-party fashion marketplace as it looks to leverage its distribution capabilities. According to The Sunday Times, the retail chain is said to have approached a number of fashion brands in regards to the new offering, including Jigsaw and White Stuff, which...

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Tu Clothing: Christmas trading helps boost Q3 sales

Sainsbury's has reported a slight increase in sales at its fashion brand Tu Clothing in the third quarter of the year. In the three months to January 7, clothing sales were up 1.3 percent compared to a year ago, but down slightly 0.4 percent compared to pre-pandemic levels from three years ago. For the Christmas trading period - the six weeks to...

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Sainsbury’s CFO steps down, successor announced

UK supermarket chain Sainsbury’s has announced its CFO Kevin O'Byrne will retire from the business in March 2023 after six years in the role. The retailer’s commercial and retail finance director Bláthnaid Bergin will succeed O'Byrne, effective March 6. Bergin joined Sainsbury's in 2019 as group director of finance before being promoted in 2021...