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19/10/2004
Customer service at heart of Sainsbury's 'sales-led' strategy
In an attempt to turnaround its profits slide, troubled retailer Sainsbury's has unveiled a new "sales-led" strategy which will see an extra 3,000 floor staff recruited and £400 million pumped into customer services over the next three years.
Sainsbury's anticipate that its profit recovery plan, which flowed out of a comprehensive review of its business, will create £2.5 billion more in sales by the end of 2008.
A new management team with "retail expertise and track record of delivery" will also seek to restore the retailer's "unique brand proposition of great quality food at fair prices".
But in order to make its customer service commitments, the company has said that it will seek out at least £400 million in savings, and tighten up cash flow management.
Chief executive Justin King said that in regaining its brand image, the store would have to deliver great quality food at fair prices. The company had not delivered that effectively in the past, Mr King conceded.
"We are clear on the actions we need to take. We have strengthened our management team and already put in place a number of actions to restore the effective delivery of our customer offer," he said.
"The purest measure of customer satisfaction will be increased sales and we believe plans outlined today will grow sales by £2.5 billion over the next three years."
Chairman Philip Hampton said that the new plan was the "right approach" for Sainsbury's to deliver "long term sustainable performance and profit recovery".
(gmcg/mb)
Sainsbury's anticipate that its profit recovery plan, which flowed out of a comprehensive review of its business, will create £2.5 billion more in sales by the end of 2008.
A new management team with "retail expertise and track record of delivery" will also seek to restore the retailer's "unique brand proposition of great quality food at fair prices".
But in order to make its customer service commitments, the company has said that it will seek out at least £400 million in savings, and tighten up cash flow management.
Chief executive Justin King said that in regaining its brand image, the store would have to deliver great quality food at fair prices. The company had not delivered that effectively in the past, Mr King conceded.
"We are clear on the actions we need to take. We have strengthened our management team and already put in place a number of actions to restore the effective delivery of our customer offer," he said.
"The purest measure of customer satisfaction will be increased sales and we believe plans outlined today will grow sales by £2.5 billion over the next three years."
Chairman Philip Hampton said that the new plan was the "right approach" for Sainsbury's to deliver "long term sustainable performance and profit recovery".
(gmcg/mb)
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13 January 2005
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Troubled supermarket chain, Sainsbury's is on the road to recovery, the chief executive has said, following the publication of its Christmas trading figures. The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December.
Sainsbury's reveal slow in food sales decline
Troubled supermarket chain, Sainsbury's is on the road to recovery, the chief executive has said, following the publication of its Christmas trading figures. The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December.
15 March 2010
Virgin Jobs Landing In Swansea
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08 February 2008
Southern Water Fined £20.3 Million
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13 May 2009
Sainsbury's Announces 11% Profit Rise
Supermarket giant Sainsbury's is celebrating its 140th anniversary this month with better-than-expected annual profits, which are up more than 11% at £543 million. The profits surge means more than 120,000 staff at the UK's third-largest supermarket chain will share a £60m bonus pot.
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Supermarket giant Sainsbury's is celebrating its 140th anniversary this month with better-than-expected annual profits, which are up more than 11% at £543 million. The profits surge means more than 120,000 staff at the UK's third-largest supermarket chain will share a £60m bonus pot.
16 August 2004
Sainsbury's buys over leading regional store chain
Sainsbury's has bought over a leading regional convenience store chain, with its 114 outlets, it has been announced today. In taking over Jacksons, Sainsburys boosts its regional presence to 250 stores; comprising 67 Sainsbury’s Locals, 54 Bells Stores, and a further 22 in partnership with Shell UK.
Sainsbury's buys over leading regional store chain
Sainsbury's has bought over a leading regional convenience store chain, with its 114 outlets, it has been announced today. In taking over Jacksons, Sainsburys boosts its regional presence to 250 stores; comprising 67 Sainsbury’s Locals, 54 Bells Stores, and a further 22 in partnership with Shell UK.
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