J Sainsbury

J Sainsbury plc is the parent company of Sainsbury's Supermarkets Ltd, commonly known as Sainsbury's, which is a chain of supermarkets in the United Kingdom. It was once the market leader in the UK supermarket sector, but is currently ranked third behind Tesco and ASDA. The company's fortunes have improved since the launch of a recovery programme by CEO Justin King in 2004 and ASDA CEO Andy Bond has suggested Sainsbury's may regain second position, lost in 2003.

Related Topics:
Supermarket - United Kingdom - Third - Tesco - ASDA - Recovery programme - Justin King

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The group has struggled to retain its market share and profit margins since the mid 1990s, and in its latest accounting period to 26 March 2005 it would have made a loss if it had not made a one-off profit on the disposal of it U.S. subsidiary. In 2004 new chief executive Justin King launched a new strategy focused on supply-chain overhaul to tackle stock availability, increased competitiveness on price and improving customer service. In early 2005 Sainsbury's share of the UK grocery market began to increase slightly according to TNS Superpanel. When the company's results were announced in May 2005 King claimed, "We are on track but still in the very early stages of a long-term recovery programme. "http://news.bbc.co.uk/1/hi/business/4557767.stm.

Related Topics:
26 March - 2005 - New strategy - TNS Superpanel

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The company is listed on the London Stock Exchange. The J Sainsbury group also has interests in property and banking.

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