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NEWS ShopTalk S
ainsbury’s saw its second quarter like-for like sales edge down 0.2% as it unveiled plans to close some of its supermarkets, convenience stores and Argos shops.
the timin g of new product releases in the gaming and toys category. Meanwhile, clothing sales
benefited from a range of clearance activity and strong online growth.
Sainsbury’s expects first half
underlying pre-tax profit to reduce by around £50 million year-on- year due to the combined impacts of the phasing of cost savings, unseasonal weather and an increase in marketing costs.
Mike Coupe, chief executive of Sainsbury’s, said: “Sales momentum was stronger in all areas and we further improved our performance relative to our competitors, particularly in grocery. We have focused on reducing prices on everyday food and grocery products and expanding our range of value brands, which have been very popular with customers. At the same time, we are investing significantly in our supermarkets, driving consistent improvements to service and availability.”
The company said sales at its Argos chain were impacted by reduced promotional activity and
The company has also revealed that it is planning to close around 10 to 15 supermarkets, 30 to 40 convenience stores and 60 to 70 Argos shops.
T
he Co-op has opened a new store in Cardiff’s Capital Quarter. The opening is being
followed by the launch of two further South Wales stores during the coming week in Swansea. Running on 100% renewable
electricity, the Cardiff store sells a range of fresh food, food-to-go, wines, hot food and everyday
essentials. It also features a bakery and Costa coffee.
Giles Jenkins, Co-op area
manager, said: “We are delighted to have the opportunity to make further significant investment in South Wales.
“Our aim is for stores to
operate at the heart of local life – a community hub. We want the community to know that they can also become a co-owner of their Co-op, and that as a Member they will raise money for local causes every time they swipe their Membership card when buying own-brand products.”
F ollowin o
ollowing Tesco’s surprise a
Now at aged 52, he is currently a consultant for Walgreens, after moving his family back to the UK from America in 2018. During his time at Walgreens he led the integration of Alliance UniChem and Boots after their 2006 merger. He was also responsible for trading, marketing, supply chain and brands. Mr Murphy began his career in retail at the age of 15, working in his father’s shop. He studied both at Cork University and Harvard Business School. He is now 52, and has spent the majority of his career with Boots.
announcement that Dave Lewis is t
to step down as Group CEO next
summer, Ken Murphy, the former chief commercial officer of Walgreens will be taking on the
role.Mr Murphy has had a range of senior appointments within the pharmaceutical industry.
Chairman, John Allan, has said: “Ken is unquestionably, a seasoned, growth-orientated business leader. He has deep commercial, marketing and brand experience within retail and wholesale businesses, first with Alliance UniChem, and then with Boots.
“Ken has values which align with our own, strong strategic and operating acumen, and is proven at the very top of a large and respected multinational retail group. I firmly believe we have the right person for the job.”
Bond 6 www
www.bond-group.com
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