Blog: Sainsbury's "still learning" with Fresh Kitchen
Petah Marian | 12 May 2011
While speaking with Justin King yesterday (11 May), the Sainsbury's chief executive told just-food that the retailer is "still learning" how to run foodservice operations with its Fresh Kitchen store, which opened in London in January.
With the UK's number three grocer set to have around 45% of its revenue come from its "beyond food" sources by 2020, it's clear that King and his executive team see diversification as important for the future of the business.
Referring to Fresh Kitchen, King said Sainsbury's was learning how to run the kind of business whose success relies on "getting that business between 12 and 2". Sainsbury's, he said, has employed "a couple" of senior people from the foodservice sector to help it along.
King admitted that the retailer is still working on getting the concept right but he insisted that the Fleet Street store would not prove the success of the model, as there are "3,000 bankers upstairs" willing to shop at the store.
However, he said the retailer is in "no rush" to roll out more of the stores, insisting that it still has "lots to learn".
Ask any FMCG executive to list the trends shaking up the sector and digital and e-commerce will be pretty high on the list. Drill down into that and Amazon will be one of the subjects in the digital s...
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Have food promotions reached tipping point?
- Burger King, Jollibee: foodservice focus, Nov 2016
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund