J Sainsbury news and archive

Sainsbury’s clothing sales improve by 2.2 percent

For the third quarter, total sales at Britain's supermarket group Sainsbury’s increased by 3.7 percent and sales over the Christmas period increased by 3.8 percent, while like-for-like sales increased by 2.8 percent. The company said in a release that while general merchandise and clothing sales were down 0.1 percent, clothing sales grew by 2.2...

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Sainsbury's posts 6.4 percent decline in clothing sales

In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...

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Sainsbury's Tu Clothing Christmas sales drop 6 percent

J Sainsbury reported third quarter clothing sales declined 1.7 percent and Christmas clothing sales were down 6 percent versus the same period last year. Sainsbury’s said Tu clothing regained some momentum in a market that remains highly promotional, partially reflecting unseasonably warm weather, particularly over Christmas. Partywear and...

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Sainsbury’s clothing sales decline in Q1

J Sainsbury plc reported first quarter like-for-like sales increase of 9.8 percent, while total retail sales were up 9.2 percent. While general merchandise sales rose 4 percent, with Argos sales up 5.1 percent, the company’s clothing sales were down 3.7 percent. The company said in a release that clothing sales were impacted by the cooler...

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Sainbury’s Tu clothing reports drop in full year sales

Sainsbury’s Tu clothing sales decreased by 3 percent to 1 billion pounds for the year ending March 4, 2023. The company said clothing sales growth was adversely impacted by a first quarter that annualised elevated sales the prior year when Covid-19 restrictions closed non-essential retail stores. Tu’s full-price sales now make up 80 percent of...

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Bláthnaid Bergin is the new CFO of Sainsbury’s

Bláthnaid Bergin has begun her new role as chief financial officer and joined the Sainsbury's Board on March 5, 2023. Former CFO Kevin O'Byrne retired from the company on March 4, 2023. Since the company announced Bergin’s appointment as CFO on July 5, 2022, she stepped down as non-executive director, chair of the audit committee and senior...

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Sainsbury’s clothing sales recover, profit increases

In the 52 weeks to March 5, 2022, the J Sainsbury Group generated pre-tax profit of 854 million pounds and an underlying pre-tax profit of 730 million pounds, up 373 million pounds and up 144 million pounds compared to 2019/20. The company’s Tu Clothing is now a 1 billion pounds brand, with sales growth of 3.1 percent versus FY 2019/20,...

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Jo Bertram to join J Sainsbury board as non executive director

J Sainsbury plc has announced that Jo Bertram will join the board as a non-executive director and member of the CR&S committee following the annual general meeting (AGM) on July 7, 2022. The company said in a release that Jo Bertram is currently managing director, business & wholesale at Virgin Media O2 and prior to this held senior director and...