J Sainsbury PLC is one of the largest British grocery retailers, and also a retail banking provider. The brand – generally known as just Sainsbury’s – sells clothing, food and homeware, and offers financial services. It is currently the second biggest UK supermarket chain, with a 16.2 per cent share of the market as of October 2017. Tesco, its biggest rival, is Britain’s largest supermarket chain.
Sainsbury’s says its vision is to be “the most trusted retailer, where people love to work and shop”. In practical terms, the company’s strategy is “to sell multiple products via multiple channels” – making it easier for the customer to get whatever they want, whenever they want.
Mike Coupe is Chief Executive and chair of Sainsbury’s Operating Board. He has a vast amount of retail industry experience and joined Sainsbury’s from Big Food Group. He previously worked for both Asda and Tesco, which has given him a real insight into the issues faced by Sainsbury’s chief competitors. David Tyler has served as Chairman of J Sainsbury PLC since 2009.
Sainsbury’s was founded as long ago as 1869, when it was a single store in London’s Drury Lane. Originally just a retailer of fresh produce, it later moved into packaged groceries. In 1922 J Sainsbury was incorporated as a private company; it went public in 1973. At the time it was the largest ever flotation on the London Stock Exchange.
Sainsbury’s was a pioneer in the introduction of self-service supermarkets in the 1950s and 60s, and a leading force in the development of own-brand products. In the 1970s and 80s it invested heavily in out-of-town supermarkets and hypermarkets; over the past decade it’s been the convenience store format that’s seen great growth.
A major recent development at Sainsbury’s was its 2016 takeover of Home Retail Group. The deal included Argos and Habitat, turning Sainsbury’s into the biggest retailer of merchandise in Great Britain. After the acquisition had been completed, J Sainsbury PLC was reorganised into 3 divisions: Sainsbury’s, Sainsbury’s Bank and Sainsbury’s Argos.
In the second half of 2017 Sainsbury’s made a number of job cuts, axing 1,000 roles across its Head Office and support centres, and announcing further plans to axe all store-based HR staff. Proposals were also unveiled in January 2018 to reform store management structures – again there are expected to be many job losses.
In its third quarter trading statement for the 15 weeks to 6 January 2018, Sainsbury’s highlighted its record performance over Christmas. Total retail sales were up 1.2 per cent in the quarter; grocery sales grew 2.3 per cent; and both general merchandise and clothing outperformed the market despite challenging conditions.
The Sainsburys share price has hovered between around 220p and 400p since 2013. As of 1 March 2018 the shares stood at 256p, giving the company a market capitalisation of around £5.62 billion. Our SBRY chart tracks the latest ups and downs in the retailer’s share price.
Sainsbury’s head office is in Holborn, London. As of February 2018, the business had over 800 convenience stores, 600-plus supermarkets, over 800 Argos stores and £11 billion worth of property assets. Interestingly, some 13,000 of Sainsbury’s 150,000 staff have worked for the company for 20 years or more.
Sainsbury's is a member of the FTSE 100 Index. The company’s shares are bought and sold on the London Stock Exchange. As of February 2018, the largest overall shareholder is the Qatar Investment Authority, which holds 21.99% of the company. Check out Capital.com for an up-to-date SBRY chart.
Start trading today
CFDs allow you to benefit from all the price fluctuations of a product without ever having to own the product itself. Never worry about liquidity issues, or whether an exchange is down, by trading CFDs.
Our revolutionary AI technology helps you be a better trader by highlighting if you’re trading with a bias.
Our state of the art app is designed with you in mind providing great execution as standard. Personalise it so you can do everything you want instantly.
Investmate brings you personalised, up to date educational material on the go, to help you avoid biases, and become a better trader.
We focus on providing you with peace of mind. Negative balance protection ensures your losses will never exceed what’s in your account.
We cover all the charges so you can keep more of your money to trade the markets
We’re here 24 hours a day for you. Anything that you need, we are here to solve