Sainsbury's vows to match Aldi in price war
Record sales for UK supermarkets
The covid-19 outbreak sparked the busiest month on record for UK supermarkets, with grocery sales in March soaring by 20.6% compared to the previous month. All 10 major UK supermarkets recorded sales increases during the first 3 months of 2020, according to the new data. Aldi reported an 11% rise in sales. Of the Big-4 supermarkets, Sainsbury’s performed best, with 7.4% growth.
Sainsbury's commits to £1 billion to become Net Zero by 2040
UK retailer Sainsbury’s has issued a pledge that its operations will become Net Zero in line with the goal to limit global warming to 1.5°C, the highest ambition of the Paris Agreement, and a decade ahead of the UK Government’s own target. The project will focus on reducing carbon emissions, food waste, plastic packaging, water usage and increasing recycling, biodiversity and healthy and sustainable eating Sainsbury’s will work collaboratively with suppliers and will ask suppliers for their own carbon reduction commitments.
Departure of Sainsbury’s CEO “not due” to Asda deal collapse
Credit: Peter Nicholls, Reuters, The Times
Sainsbury’s CEO, Mike Coupe, has announced his resignation but will remain in his post until the end of May. His replacement will be current retail and operations director, Simon Roberts. Coupe has denied that his resignation is linked with the collapse of the £12 billion merger with Asda, emphasising that it was his own decision to leave.
New fresh food boss at Sainsbury's
Rhian Bartlett has been appointed to Sainsbury's director of fresh food. With over 25 years’ experience in the retail industry, Bartlett rejoins the UK retail chain from Screwfix, where she worked for two years, most recently as customer and digital director. Prior to Screwfix, she spent nearly three years at eBay. Her first stint at Sainsbury’s, from 2008 to 2015, saw her hold the roles of category manager and head of online merchandising.
Sainsbury’s and Asda hit back at claims merger would harm customers
Following criticism last month from the Competition and Markets Authority about the impact on customer choice and prices of Sainsbury’s and Asda merging, Mike Coupe, chief executive of Sainsbury's, and Asda's chief executive, Roger Burnley have issued a joint statement contesting the authority’s findings and stressing the benefits for customers regarding savings :
Shadow cast over merger between Sainsbury’s and Asda
The merger between giant UK supermarket chains Sainsbury's and Asda is in serious doubt following an appraisal by the Competition and Markets Authority (CMA) which said customers could see higher prices and less choice if the two companies combined. The value of Sainsbury’s shares plummeted 15% after the announcement by UK's competition watchdog, which said the deal could be blocked deal or that it may force the sale of a large number of stores or even one of the brand names.