J Sainsbury PLC

J Sainsbury Plc engages in the retailing, financial services, and property investment businesses. It operates through the following segments: Retail-Food, Retail-General Merchandise and Clothing, and Financial Services. The Retail segment distributes food, general merchandise, and clothing. The Financial Services segment includes Sainsbury's Bank Plc and Argos Financial Services entities. The company was founded by John James Sainsbury and Mary Ann Sainsbury in 1869 and is headquartered in London, the United Kingdom.

J Sainsbury PLC (LSE:SBRY) (J Sainsbury PLC (LSE:SBRY)) has pledged £500mln in price freezes and matching schemes to help ward off cuts by its rivals and help its customers battle the effects of the cost-of-living crisis.  The supermarket chain said it plans to deliver that amount in savings to customers through its Price Lock scheme and price matching with Aldi through to March 2023.

J Sainsbury cuts prices by £500mln as grocery battle intensifies

J Sainsbury plc (OTCQX:JSNSF) Q4 2022 Earnings Conference Call April 28, 2022 4:30 AM ET Company Participants Simon Roberts – Chief Executive Officer Kevin O'Byrne – Chief Financial Officer Conference Call Participants Andrew Gwynn – Exane BNP Paribas James Anstead – Barclays James Grzinic – Jefferies William Woods – Bernstein Xavier Le Mené – Bank of America Securities Clive Black – Shore Capital Andrew Porteous – HSBC Nick Coulter – Citi Sreedhar Mahamkali – UBS Operator Good day. And welcome to the Sainsbury Simon Roberts Thank you.

J Sainsbury plc (JSNSF) CEO Simon Roberts on Q4 2022 Results - Earnings Call Transcript

J Sainsbury PLC (LSE:SBRY) (J Sainsbury PLC (LSE:SBRY)) said it is beating competitors in the ongoing price war as inflation continues to hit customers' pockets. According to a statement, it continues to inflate behind the market which is leading to an improvement in prices.

Sainsbury's said it is beating competitors in the ongoing price war as inflation continues to soar

Sainsbury warns of earnings decline on inflation hit

Unilever

Domestos, Dove and Wall's owner Unilever delivers a trading update on Thursday. The City's working theory is that Unilever's strong brand position - a mix of loyalty or inertia stopping customers from substituting for cheaper alternatives – will insulate the conglomerate from the worst of it, so the next update will be closely watched for reassurance.

Sainsbury's and Unilever to highlight inflation issues: Thursday's agenda

Sainsbury's shareholders are set to vote on a resolution at this year's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so called real Living Wage to all its workers by July 2023.

Britain's Sainsbury's faces shareholder vote on workers pay

British supermarket group Sainsbury's has removed from sale all products that are 100% sourced from Russia in response to Russia's invasion of Ukraine, it said on Friday.

UK's Sainsbury's stops selling products 100% sourced from Russia

J Sainsbury PLC said it plans to shut 200 in-store cafes in April, which is expected to put approximately 2,000 jobs at risk. The UK's second-largest supermarket will also close 34 of its less popular hot food counters and "simplify the way it runs its bakeries" in 54 stores.

Sainsbury to slash 2,000 jobs amid café closures next month

British supermarket group Sainsbury's on Wednesday raised its full-year profit forecast by at least 9% following stronger than expected food sales over Christmas, even though it fell short of its stellar 2020 festive performance.

Sainsbury's raises profit outlook despite Christmas sales fall

J Sainsbury PLC (LSE:SBRY) raised its profit forecast for the current financial year after stronger-than-expected grocery volumes over the Christmas period, as shoppers concerned about the Omicron variant of coronavirus stayed at home and bought more food and drink for home consumption. Grocery sales rose by 0.1% year-on-year in the six-week Christmas period to 8 January 2022 and were 6.8% higher than two years ago, before the COVID-19 pandemic, the supermarket chain said in a trading statement.

Sainsbury's ups profit guidance after strong Christmas performance

Sainsbury's has navigated the pandemic well to date, executing better than major peers.

J Sainsbury: Attractive Value, Takeover Potential

Supermarket Income REIT PLC (LSE:SUPR) said it acquired a Sainsbury's supermarket in Cannock, Staffordshire, from a client of CBRE Investment Management for £75.8mln. The acquisition represents a net initial yield of 4.0%, the real estate investment trust said in a statement.

Supermarket Income REIT buys Sainsbury's supermarket in Cannock for £75.8mln

Amazon

Amazon and the U.K. grocery chain Sainsbury's have collaborated to offer consumers checkout-free shopping at a London supermarket. According to Amazon, the announcement on Monday (Nov. 29) makes Sainsbury's the first international business customer to use its Just Walk Out technology, and also marks the first time Amazon has retrofitted a store with the technology.

Amazon Invites Sainsbury Shoppers to 'Just Walk Out'

Tesco PLC

Aldi should enjoy a Merry Christmas according to analysts at JP Morgan with even some cheer for Ocado, but Sainsbury and Tesco are lagging. According to the broker's analysis of current prices, Aldi is the clear leader and some 30% cheaper than either of its big four rivals.

Tesco and Sainsbury's lagging Aldi in this year's Christmas race

Amazon.com Inc.'s AMZN, -2.12% "Just Walk Out" technology, which allows shoppers to bypass checkout lines when making purchases, has launched at Sainsbury, the first third-party retailer outside of the U.S. to offer the feature. Sainsbury's Holborn Circus location has been retrofitted with the technology, also a first, and has been transformed into a SmartShop Pick & Go that allows customers to scan their SmartShop app upon entry and exit to purchase items.

Sainsbury launches Amazon's 'Just Walk Out' technology in London store

J Sainsbury plc (JSNSF) CEO Simon Roberts on Q2 2022 Results - Earnings Call Transcript

Like many businesses, U.K. grocery chain Sainsbury's is riding the digital transformation wave triggered by the onset of the Covid-19 pandemic. In the first quarter of its financial year – 28 weeks, ending Sept.

Tech, Food Innovation Drives Sainsbury's Digital Groceries Sales To Twice Pre-Pandemic Levels in H1

J Sainsbury PLC (LSE:SBRY) posted a solid set of first-half results but forward-looking investors are concerned about what's in store for the grocer in the months ahead. Shares in the FTSE 100 supermarket group hit a seven-year high this summer as takeover speculation surged, with private equity and Czech billionaire Daniel Kretinsky seen as potential suitors after rivals Morrisons and Asda were snapped up in the past year.

Sainsbury's hit by investor concerns about inflation and interest rates

J Sainsbury PLC (LSE:SBRY) grew half-year profits 23% and said it was “well placed” to deal with supply chain challenges and that while customers were returning to many pre-pandemic shopping habits, online sales remained very strong. The FTSE 100 supermarket group saw like-for-like sales drop 1.4% in its second quarter, however, after climbing 1.6% in the first, with retail sales as a whole up only 0.2% year-on-year.

Sainsbury's boosts half-year profits despite decline in second quarter sales

J Sainsbury swings to a pretax profit on lower restructuring, impairment costs

Supermarket chain J Sainsbury PLC has attempted to reassure shoppers that turkeys and party food will be available at its stores for Christmas, but noted that customers may have to make do with alternatives to certain products. There are widespread concerns that staff shortages and supply chain constraints will reduce the availability of popular Christmas products such as turkeys.

Sainsbury's attempts to reassure customers over Christmas availability

J Sainsbury PLC has announced its intention to hit greenhouse gas emission targets five years earlier than its previous target. The supermarket group said it plans to reach net-zero emissions by 2035, compared to its previous target date of 2040, having reduced its carbon footprint by 47% over the last 17 years.

J Sainsbury brings forward its net zero emissions target date by five years

J Sainsbury PLC has ended discussions over the sale of its bank business, saying that the sums being discussed weren't sufficient to warrant its disposal. The supermarket revealed last November that it had received some enquiries about buying the bank.

Sainsbury's ends talks over sale of bank

J. Sainsbury ends talks to sell banking unit

British supermarket Sainsbury's said on Friday it had ended talks about selling its banking operation after concluding that approaches it first received in November 2020 did not offer good value for shareholders.

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