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Justin King

More blood in the aisles – J Sainsbury has reported a 3.1% drop in like-for-like quarterly sales

by on March 18, 2014

Louise Armitstead at The Telegraph writes ..More blood in the aisles of Britain's supermarkets. J Sainsbury has reported a 3.1pc drop in like-for-like quarterly sales - the first decline in almost a decade.

Justin King, the supermarket boss who has delivered 36 consecutive quarters of growth, has said the market is "growing at its slowest rate since 2005." Mr King, who is stepping down in July, says the results "must be put into context" of the strong quarter last year when Sainsbury benefited when horsemeat was found at other retailers. [more…]

Are there potential dark clouds ahead for the new CEO of Sainsbury’s?

by on March 17, 2014

Discounters to finally break Sainsbury’s three-year run of sales growth?

Danielle Pinnington, MD at Shoppercentric comments .. "This is a crucial time for Sainsbury’s so not the ideal time to lose Justin King. With increasing pressure from the Discounters in terms of value, and from the premium retailers in terms of quality and service, Sainsbury’s need a clear vision to maintain their share of the squeezed middle. Let’s hope that vision isn’t about to leave the building".

The retail world will be turned on its head this week as the discounters finally break Sainsbury’s three-year run of sales growth while annual profits at Next will overtake Marks & Spencer’s for the first time. The stark impact of the low-cost chains on established grocery and fashion players will be laid bare in fresh trading updates. [more…]

Wm Morrison and Ocado bosses are heading for a clash over controversial plans to launch an online sales tax.

by on July 29, 2013

Wm Morrison and Ocado bosses are heading for a clash over controversial plans to launch an online sales tax.

The two companies last week formally completed a £216m licensing agreement that will allow Morrisons to launch an online grocery service by January 2014.

[more…]

Sainsbury’s say Justin King will not replace Bernie Ecclestone at F1 / April Fools or not?

by on April 3, 2013

 

Justin King, Sainsbury's

Sainsbury’s has dismissed reports that its CEO Justin King could be set to replace Bernie Ecclestone as the boss of Formula One.

King, who has been Sainsbury’s CEO for nine years, is a keen F1 fan and his son Jordan will race in European Formula 3 this year.

The speculation was fuelled after Ecclestone told reporters: “I’ve no idea whether the boss of a company like Sainsbury’s could do my job. Maybe he could.” 03 Apr 2013 | By Beth Phillips [more…]

Tesco, Fifty Shades of Grey, Sainsburys, Trinity Leeds, Ryanair, Chelsea F.C., Abbey Telecom,Vaseline, Mobile Retail Summit, Justin King, Search Marketing Expo

by on March 21, 2013

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Get your own sneak preview of  Tesco, Fifty Shades of Grey, Sainsburys, Trinity Leeds, Ryanair,Chelsea F.C., Abbey Telecom,Vaseline, Mobile Retail Summit, Justin King, Search Marketing Expo. [more…]

Nuggets : Ryanair, Chelsea FC, Roman Abramovich, Sainsbury’s, Justin King, Tesco

by on March 20, 2013

The Independent: Irish budget airline Ryanair will almost double the size of its fleet after announcing a landmark deal with Boeing to buy 175 jets for $15.6bn. [more…]

A ‘poor second’ to out-of-town supermarkets … Sainsbury’s boss Justin King

by on February 13, 2012

   A leading supermarket boss is to call for Britain's declining high street to be 'shrunk' and empty shops replaced with houses or classrooms.

Mr King believes classrooms and housing are just two of the options which could help kickstart parts of the overcapacity' high street

[more…]