Lupo di mare
10 Jan 2018
Re: Trading update Thanks, Bill.Just briefly, as said, I'm very encouraged by the increase in Argos sales as they bed-in to Sainsbury's supermarkets. It's in line with my own experience - the ease of click n collect - or 'Fast Track', when off shopping at Sainsbury's.Must dash, Argentine Tango lesson
Bill1703
10 Jan 2018
Re: Trading update "Slightly puzzled by the General Merchandise fall when Argos is apparently streaking ahead... That said, it appears that shoppers are becoming accustomed to Argos being available in-store..."Yes, Lupo - it seems likely that comparisons (both over y-o-y and LFL) could be more than usually distorted with the ongoing significant shuffling of the Argos estate (eg. closing previous stores and replacing them with units in the supermarkets). As such, true underlying comparable performance is pretty hard to identify - that said, it is clear enough that the wider market remains pretty tough, and likely to remain so. What matters most is the overall quantum of profits that SBRY squeezes out of the original Argos+Habitat inheritance - and the message there is pretty encouraging, in an incrementally (though not, of course, massively) positive direction. "Table at foot of page has beaten me - time for porridge." If you refer to the annexed table of Total Group Sales - yes, I clocked that. I believe the previous quarterly data are almost all distorted by the addition of Argos etc to the group, hence the big absolute % increases - this is now washing out of the maths, so the most recent quarterly figures revert to a more meaningful steady-state trend.But yes, if you are going to tack on one table, why that one? And not something actually meaningful ... it will only serve to confuse. It is hardly a seismic issue, of course - but not for the first time, I lament the common sense of the people actually putting these statements together for SBRY.
Lupo di mare
10 Jan 2018
Trading update Nice enough, with more synergies coming through from the Argos acquisition.Slightly puzzled by the General Merchandise fall when Argos is apparently streaking ahead; maybe SBRY is guilty of talking it up. That said, it appears that shoppers are becoming accustomed to Argos being available in-store, according to sales figures.This is more a Sainsbury's crawlaround rather than a turnaround story, that's ok.Table at foot of page has beaten me - time for porridge.
Lupo di mare
09 Jan 2018
Re: Pre trading update update Ignore that comment, I was looking at comparisons the wrong way round!
Lupo di mare
09 Jan 2018
Re: Pre trading update update Here's a more interesting write-up, it shows Sainsbury's as having a smaller y-o-y drop in £ sales than Tesco - still a drop, though.[link]
Simbrad
09 Jun 2016
Beaufort's note out this morning: "Sainsbury’s performance in Q1 FY 2017 was below average amid difficult market conditions. The company’s sales were impacted after it reduced food promotions in favour of a simpler pricing structure to compete with discount rivals. On the positive side, Sainsbury continued investments in improving the quality and range of its own-brand food and non-food products. Clothing and merchandise sales grew around 5% each. Sainsbury’s Bank continued its momentum, as it recorded a 28% increase in Travel Money transactions and 10% rise in the take-up of Travel Insurance. The company launched a groceries online app to enhance customer experience. Nonetheless, the grocery market recently slowed amid intense competition among market players. Additionally, food deflation and pressure on pricing continue to make the business environment challenging." taken from Research Tree
digitaldanuk
08 Jan 2015
I voted "No" in the Sainsbury (J) poll: Have you switched from a long-established supermarket chain (Tesco/Morrisons/Sainsburys etc) to a budget chain (Aldi/Lidl etc) in the last 2 years? [link]
digitaldanuk
08 Jan 2015
I just created a Sainsbury (J) poll: Have you switched from an established supermarket chain (Tesco/Morrisons/Sainsburys etc) to a budget chain (Aldi/Lidl etc) in the last 2 years? What do you think? [link]
