Search results
Results from the WOW.Com Content Network
J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
Coupe joined Sainsbury's in 2004. [3] In 2010, he became responsible for the marketing, trading and online operations of the company. [3] In January 2014, Sainsbury's then CEO Justin King announced Coupe as his successor, after stating that he would be leaving the role in June 2014. [4] [3]
At the time, although Sainsbury's had always been the largest UK grocery retailer by market share since 1922, Tesco's profits were double those of Sainsbury's, and Marks & Spencer's were nine times those of Sainsbury's. He led the company on to the London Stock Exchange on 12 July 1973, which was at the time the largest flotation ever. Dubbed ...
Simon John Roberts (born 26 January 1971) is a British businessman, and the chief executive officer (CEO) of Sainsbury's since 1 June 2020, having previously been retail operations director. He is a former managing director of Boots UK .
King joined Sainsbury's on 29 March 2004, [7] and was seen as the company's last chance to win back market share from its rivals and remain independent – the previous CEO, Sir Peter Davis, failed to halt the supermarket's slide in market position despite a £3 billion investment in infrastructure. He was offered £675,000 a year salary.
Alan Sainsbury was instrumental in bringing the self-service supermarket to Britain and shaping many of the conditions by which we shop for food today. On a trip to America he saw the experience of self-service supermarkets, and John James Sainsbury's show-piece Croydon branch of Sainsbury's was converted to self-service in 1950.
Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.
Sainsbury trained as a chartered accountant after leaving university. He joined the finance department of the family company, then known as J. Sainsbury, in 1956 and became a director in 1959, [1] responsible for finance. When his brother John became chairman of Sainsbury's in 1969, Simon was given the deputy chairmanship.