Sainsbury’s takes number 2 spot in Great Britain

Sainsbury’s takes number 2 spot in Great Britain

Sainsbury’s has overtaken Walmart's Asda as the number two of British supermarket chains, now only chasing Tesco. It was also the only one from the big four able to capture additional market share and resist competition from discounters like Aldi and Lidl.

Own brands and online excel

The supermarket chain managed a 16.5 billion euro turnover in the 28 weeks prior to October 2013, a 4.4 % increase compared to the same period last year. On a like-for-like basis, sales increased 1.4 %. Especially its own brands performed well, doubling the pace of the other brand products.

 

Online sales are also on the rise, with a 15 % increase. On a yearly basis, Sainsbury’s now draws 1 billion pounds (1.2 billion euro) from its online component, equalling the entire Belgian e-commerce turnover.

 

These results push the concern from a 16.7 to a 16.8 % market share, according to research organization Kantar. All of its competitors (being Tesco, Asda and WM Morrison) have lost ground, meaning Sainsbury’s is the only one of the big four moving up.

 

Restructuring plan pushes profits 9 % higher

Financially, the company has a 510 million euro gross profit (+9 %). It not only increased its turnover, but thanks to a restructuring plan, Sainsbury’s managed to save 65 million euro in the first half of its fiscal year.

 

Sainsbury’s has opened 1 new supermarket and 50 additional convenience stores in the first half of this fiscal year. The latter saw a turnover increase of 20 %.

 

 

 

(translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top