J Sainsbury news and archive

Sainsbury’s Q3 clothing sales decline 0.2 percent

For its third quarter to January 5, 2019, J Sainsbury Plc’s total retail sales were down 0.4 percent with like-for-like sales down 1.1 percent. The company said, general merchandise sales declined by 2.3 percent and clothing sales declined by 0.2 percent during the quarter under review. Commenting on the third quarter trading, Mike Coupe, Group...

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J Sainsbury Agrees GBP 3.5 Bln Financing For Asda Merger

J Sainsbury plc (JSAIY.PK, SBRY.L) said that it has agreed a financing package of 3.5 billion pounds in relation to the proposed combination with Asda Stores Limited, working with its existing banks and new institutions. The level of commitments received significantly exceeded its requirements, resulting in scaled back allocations across all...

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Sainsbury’s Q1 clothing sales improve 0.8 percent

Total retail sales for the first quarter increased 0.8 percent (excluding fuel), while like-for-like sales were up 0.2 percent. General Merchandise sales for the quarter grew by 1.7 percent and clothing sales grew by 0.8 percent. Commenting on the first quarter trading, Mike Coupe, Group Chief Executive of J Sainsbury Plc, said in a statement: “...

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J Sainsbury promotes Clodagh Moriarty as Chief Digital Officer

J Sainsbury plc announces that Clodagh Moriarty has been promoted to its operating board as Group Chief Digital Officer, with immediate effect. Moriarty, the company said, will create and lead the group’s digital strategy, ensuring customers experience an integrated and seamless digital experience across Sainsbury’s, Argos, Sainsbury’s Bank and...

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Sainsbury's shares rise 20 percent as it inches closer to Asda merger

J Sainsbury Plc and Walmart Inc. have agreed to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged business. The news of merger between Sainsbury’s and Asda, according to The Guardian, led the Britain’s stock market to its highest level since the start of February. The FTSE...

Management

Annual sales increase 3.8 percent at J Sainsbury's Tu Clothing

In its annual results announcement, J Sainsbury said that general merchandise sales, including Argos, declined by 0.8 percent but outperformed a challenging market. This category, the company said, performed strongly in key areas such as audio, mobiles and video games. J Sainsbury added that offering high street style at supermarket prices has...

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Sainsburys clothing sales rise in 'challenging' market

Total retail sales at J Sainsbury were up 1.2 percent (excl. fuel) and like-for-like sales rose 1.1 percent (excl. fuel) for the third quarter to January 6, 2018. The company said general merchandise and clothing outperformed the market in challenging conditions with clothing sales rising 1 percent during the quarter. Commenting on the third...

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J Sainsbury posts 6.8 percent rise in H1 clothing sales

J Sainsbury Group sales of 16,310 million pounds (21,446 million dollars), increased 17 percent for the 28 weeks to September 23, 2017, which the company said, primarily reflected the full consolidation of Argos in H1 2017/18. The company’s like-for-like sales for the period rose 1.6 percent. Clothing sales improved 6.8 percent for the six month...