Sainsbury's news and archive

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...

BusinessFeatured

Q1 of 2024 marked by series of job cuts

The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...

RetailFeatured

The UK retailers making ‘record’ investments to raise staff pay

In a retail landscape marked by questions and concerns surrounding financial stability, mounting reports of “record” investments into employee pay suggest there is a light at the end of this gloomy economic tunnel. Various related announcements that have taken place over the past two months come after the introduction of a revised Real Living...

Business

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...

Retail

Sainsbury's to place focus back on food

Supermarket giant Sainsbury’s has announced a ‘food first’ strategy moving forward as it looks to “tighten” its focus on general merchandise and clothing ranges in its stores. The ‘Next Level Sainsbury’s’ strategy aims to offer more space to its food offering “by reallocating some space currently occupied by general merchandise and clothing,” to...

Business

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...

Business

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...

RetailFeatured

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...

Fashion |In Pictures

Sainsbury’s launches menswear collaboration with Martin Kemp

Supermarket Sainsbury’s has launched its first-ever menswear collaboration with actor and musician Martin Kemp and its exclusively owned menswear brand Union Works. Kemp has worked closely with Sainsbury’s men’s clothing team and the Union Works designers and supplier partner, Poeticgem to create an exclusive edit of pieces that embodies his “...

RetailFeatured

Sainsbury’s to launch third-party ‘fashion destination hubs’

Supermarket Sainsbury’s is launching new fashion destination spaces across nine of its stores that will offer a curated offering of complementary third-party brand partners alongside its Tu clothing ranges. The fashion hubs will feature seven third-party womenswear brands, including Sosandar, Finery, Simply Be, Little Mistress by Vogue Williams,...

Fashion

Say Pants to the Tax gains momentum as more retailers back campaign

The ‘Say Pants to the Tax’ campaign and petition, launched by Marks & Spencer and Wuka, calling on the Government to reclassify period pants in line with other period products, which have been exempt from VAT since 2021, has gained support from Primark, Tesco, Sainsbury’s, and Mountain Warehouse. Currently, period products such as pads, tampons...

Fashion

Sainsbury’s launches Henry Holland x Bags of Ethics collection

Supermarket chain Sainsbury’s has launched an exclusive collection with British fashion designer Henry Holland to celebrate Pride month. The Henry Holland’s x Bags of Ethics exclusive collection, available until September, includes a reusable coffee cup, water bottle and tote bag featuring all the Pride colours emblazoned with the motto ‘proud...