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"..we are enhancing our digital offer and improving our range, particularly expanding to more popular premium brands"
Don't understand that. They need to be competitive on the price front first and foremost. A kettle is a kettle.
When I look for stuff online it's generally run of the mill, generic / unbranded electricals, tech products etc. I am not looking for premium brands and will compare ebay, Amazon etc with Argos. If Argos is the same price or better I would use them as the refund / return route is easier
Normally it's ebay and I can't see that changing
I go into stores maybe two or three times a year. Sainsburys deliver once a week, Amazon maybe 3 or 4 times a week. So Argos miss out. Sainsbury's miss out. It impacts sales and purchasing power. I think we do around 500,000 deliveries a week. Even if 1 in 10 had an Argos item that's a lot of sales. Might drop the CEO a note on this one.
Argos items are free delivery if you collect from your local store, I have no problem with that. Obviously for extra large items it's different.
Reasonably good grocery numbers (expected to slow), and it's great that the bank is going to give us £250m but what to do about Argos???
We have a UK wide delivery network in our grocery vans. Just the same as Amazon (okay, theirs is bigger). Why not use this as the asset it is and allow you to add free delivery to Argos orders, delivered in conjunction with your grocery's (from those stores with an Argos). Plus offer double/triple Nectar points as standard when delivered with your groceries to get everyone engaged. I just don't get the model for Argos, it is treated like a separate business when it comes to searching and buying items. If you get deliveries from a Sainsbury's with an Argos, all products should be in the Sainsbury's site listings as well, we'd rapidly grow sales and it cannot be that hard from a tech and logistics basis (you might need a minimum 48 hrs ahead delivery slot. I won't even look at Argos's offering because of the delivery charges yet Sainsburys pitch up at my house every week. I'd much prefer to give my money to a UK, tax paying business than the yanks.
Agreed Falconer. HSBC have given a new target SP of 325.
My local store is always mega busy, the argos counter is long ques, Share Price needs a kick up back side, tills going kerching.
404x "Sainsbury's have been buying freeholds, not selling them. Last year they paid £431m to Supermarket Income Reit for full ownership of 21 stores. "
Yes cheers just noticed and read an article about that. They were trying to sell £500m worth of stores just a year prior to that and it fell through. I presume they will try again to sell and leaseback these stores at some point. I don't know what the strategy is except a reshuffling at best.
What sort of debt are sainsbury's holding these days. I presume they will be rolling over debt at a higher rate now. LIDL suddenly made losses due to it's debt rollover with rate rises.
Bought a few more. Will reinvest dividend too. Should see a share rise after they stop keeping it down for the share buybacks.
That’s the reason then ..thanks
We went ex divi today no?
Massive fall straight out the door…
no news
9.20p due, really thought this be up in low £2.90s.
2 RNS on same day one is buying shares to reduce total one is issuing more shares to use in share options payment. Why not just use shares bought in to pay out the options ?(held in treasury I think this is called)
Sainsbury's have been buying freeholds, not selling them. Last year they paid £431m to Supermarket Income Reit for full ownership of 21 stores.
Still I don't think it'll be acquired any time soon. Morrisons buyout being at the top of the market and losing market share soon after will be a bit of a cautionary tale for others. Likely supermarkets out of play for a long while yet. In the meantime, bearing in mind it's a boring consumer staple in a sector renowned for small margins, it's still a perfectly fine business.
Unfortunately profit margins in grocery retail are paper thin, Aldi, Lidl have put the squeeze on the big 5 UK supermarkets...can't see grocery retail doing much at all apart from keeping a regular dividend.
Hi
What the hell is going on with sainsburys.....doesnt seem to want to move
Commencement of Share Buyback Programme.
Further to the announcement of 7 February 2024, J Sainsbury plc is pleased to announce the commencement of a share buyback programme of up to £200 million, to be completed by the end of this financial year, 1 March 2025.
Very disappointing performance compared to Tesco, flat profit, flat dividend just don't see where growth is going to come from. There's too much competition from Tesco, Aldi, Lidl, Ocado etc etc....UK retail looks to be going nowhere for the next 20 years but sideways it appears...JMO Adyor
They'll be back up tomorrow
Sitting duck on the drop. IMO only!
Good results, profit ahead of forecast, yet SP down. Surely it can't stay like this?
Hoping for a jump to £2.85. Think results will be ok
Hi expected profit announcement is £697 mil - any idea on what the sp will do ?
Sell now or hold ?
TY
Any idea what would be the attraction for a bidder? What assets do Sainsbury's have that can be stripped out and value gained by a bidder paying such a high price?
Morrisons had a vast estate of Freeholds and spent years behaving more like a charity so shareholders took the takeover offer as the choice was a continued languishing financial performance.
Sainsbury's have been slowly selling freeholds to manage it's own long term financial decline and has sizeable debt also.
Possible bid at 378 imo nice round 130 from the 247/8 gap up…keep a close eye on this