Sainsbury’s has acquired four stores from Somerfield, the retailer said yesterday (2 Aug).

Sainsbury’s has been on the look-out for new sites to step up its store development programme and, with an average size of 20,000 square foot, these four outlets are expected to enhance earnings in their first full year of operation.

Darren Shapland, Sainsbury’s chief financial officer, said: “This acquisition is an example of the opportunities starting to emerge and we will continue to look for new sites across the UK. We are also delighted to be introducing Sainsbury’s products and services to new areas and customers as well as welcoming around 300 new colleagues to Sainsbury’s.”

Each outlet will be rebranded and open in the autumn. All employees’ contracts will be transferred to Sainsbury.

In a separate transaction, Sainsbury’s said it had acquired a 35,000 square foot food-focused store in Urmston, Manchester. It is expected to open in 2008.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.