Blog: Where is the recession for Sainsbury's?
Dean Best | 25 March 2009
You'd have to look pretty hard for signs of that the recession is hitting UK grocer Sainsbury's.
The country's third-largest retailer today (25 March) booked some pretty impressive figures, with sales growth gaining pace during the last quarter of its fiscal year.
The numbers, which prompted praise from retail analysts, look to have poured cold water on claims among some industry watchers that Sainsbury's status in the middle ground of the UK retail scene would hurt the company during the downturn.
Sainsbury's chief executive Justin King struck an upbeat tone at last week's Retail Week Conference - some said too upbeat - but he clearly knew he had these numbers ready to pull out of his back pocket.
King, a self-proclaimed optimist, has much to smile about. Sainsbury's innovative marketing campaigns, including "Switch and Save" and "Feed Your Family For A Fiver" have proved a hit with more and more cash-strapped UK consumers in recent months.
While Wal-Mart's Asda and Morrisons may be seeing sales rise faster than Sainsbury's, King's success in breathing fresh life in Sainsbury's will not have gone unnoticed at Tesco, which has not enjoyed the same kind of like-for-like sales as its more upmarket competitor.
Sainsbury's, right now, is anything but stuck in the middle.
We hear a lot in the food industry about two interconnected trends: and social media and “foodie” culture....
Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team....
Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Aryzta FY results, outlook for 2017 - 6 takeaways
- What next for Bernard Matthews? - comment
- Interview: Mondelez eyes sweet success in China
- ConAgra acquires Frontera Foods' "gourmet" brands
- Nestle close to finalising Garoto deal
- Nestle revamps foodservice arm
- Aryzta FY profits fall
- Nestle launches Nesquik Protein Plus for adults
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Redefining Snacks: From Conventional Snacks to Snack Replacements
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review