Supermarkets giant Sainsbury’s delivered its annual results on Thursday and while it has slightly scaled back its enthusiastic dive into the fashion sector, the category remains important to it, although sales fell during the year. Sainsbury’s Group total sales rose 3.4% to £36.337 billion with retail sales up 6.8% at £30.615 billion. But pre-tax profit [...]read moreSainsbury’s clothing ops underperformed last year
Supermarket giant Sainsbury’s had some big news on Wednesday and it seems it’s toning down a previous proactive-fashion strategy. Tu Clothing Floor space dedicated to fashion and general merchandise in many of its stores will be cut as it said “our ‘Next Level Sainsbury’s’ strategy builds on the success of the Food First strategy we [...]read moreNew Sainsbury’s strategy to reduce fashion floorspace
Sainsbury’s loss is The White Company’s gain. Just as the UK supermarket gears up for a deeper dive into the fashion segment, its general merchandise boss Paula Nickolds is leaving to take on the job of CEO at The White Company. The White Company Nickolds, who was also previously at the helm of John Lewis [...]read morePaula Nickolds say goodbye to Sainsbury’s for White Company CEO post
UK supermarkets giant Sainsbury’s had a strong Christmas, with the company on Wednesday updating on trading for its third quarter (the 16 weeks to 6 January). Unfortunately, fashion wasn’t part of that outperformance, although it did “regain some momentum”. Tu Clothing Sainsbury’s is one of the biggest fashion retailers in the UK via its Tu [...]read moreSainsbury’s is an overall Christmas winner but fashion still struggled