Coordinates: 51°31′02″N 0°06′30″W / 51.51722, -0.10833

J Sainsbury plc
Type	Public (LSE:SBRY)
Founded	1869
Headquarters	London, England, UK
Key people	Justin King, CEO Philip Hampton, Chairman
Industry	Retail (Grocery)
Products	Supermarkets, banking
Revenue	£17,837 million (2008)
Operating income	£530 million (2008)
Net income	£329 million (2008)
Employees	150,000 (2008)
Subsidiaries	Sainsbury's Bank Sainsbury's Supermarkets Ltd. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The London Stock Exchange or LSE is a Stock exchange located in London, England. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Justin King (born 17 May 1961, Stepney, London) is CEO of J Sainsbury plc, parent company A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Sir Philip Roy Hampton is the chairman of J Sainsbury plc parent company of the Sainsbury's chain of supermarkets in the United Kingdom For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Employment is a Contract between two parties, one being the employer and the other being the employee. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Sainsbury's Bank, now trading as Sainsbury's Finance, is a 5050 joint venture between J Sainsbury, a leading UK food retailer and HBOS, the fourth
Website	www.j-sainsbury.co.uk

J Sainsbury plc is the parent company of Sainsbury's Supermarkets Ltd, commonly known as Sainsbury's, a chain of supermarkets in the United Kingdom. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The group also has interests in property and banking. The group has an estate worth about £8. An estate is the Net worth of a person at any point in time It is the sum of a person's Assets - legal rights interests and entitlements to Property of 6 billion (March 2007). ^[1]

For much of the 20th century Sainsbury's was the market leader in the UK supermarket sector, but in 1995 it lost its place as the UK's largest grocer to Tesco and in 2003 was pushed into third by ASDA. Tesco plc is a British -based international grocery and general merchandising retail chain Asda is a United Kingdom Supermarket chain which retails food clothing and general merchandise The company's fortunes have improved since the launch of a recovery programme by CEO Justin King in 2004, with it reporting its 12th consecutive quarter of sales growth in January 2008. Justin King (born 17 May 1961, Stepney, London) is CEO of J Sainsbury plc, parent company ^[2] Despite predictions that Sainsbury's would regain second position, Taylor Nelson Sofres data released in January 2008 shows Sainsbury's market share at 16. TNS Worldpanel is a division of the United Kingdom based global market information group TNS, which analyses the British grocery sector 4%, behind Asda's share of 16. 7%, but ahead of Morrison's at 11. 22%. ^[3] On 14 May 2008, Sainsbury's announced that profits for the year ending March 2008 were up 28% on the previous year, with sales up 3. 9% for the same period.

Contents 1 History 1.1 2000-2004: Peter Davis 1.2 2004 onwards: Justin King 1.2.1 Takeover bid: one 1.2.2 Post takeover bid 1.2.3 Takeover bid: two 2 Financial performance 3 Store formats 3.1 Convenience stores 4 Distribution 5 Online service 6 Product ranges 7 Marketing 8 Sainsbury's Bank 9 Sainsbury family 10 References 11 External links

History

Sainsbury's was established as a partnership in 1869 when John James Sainsbury and his wife Mary Ann opened a store at 173 Drury Lane in Holborn, London. Year 1869 ( MDCCCLXIX) is a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common year John James Sainsbury (born c1844 died c1928 founded the Sainsbury's supermarket chain now the largest part of J Sainsbury plc. Holborn (ˈhoʊbɚn or /ˈhoʊbɝːn/ "ho bun" is an area of Central London, England London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. In 1922 J Sainsbury was incorporated as a private company. Year 1922 ( MCMXXII) was a Common year starting on Sunday of the Gregorian calendar. The first self-service branch opened in Croydon in 1950. The London Borough of Croydon ( is a London borough in South London, England and is part of Outer London. In 1973 the company was floated as J Sainsbury plc in what was at the time the largest ever flotation on the London Stock Exchange; the company rewarded the smaller bids for shares in order to create as many shareholders as possible. Today the family retains at least 14% of the shares.

In 1975, Sainsbury's launched the "Sainsbury's SavaCentre" hypermarket format as a joint venture with Bhs. Bhs or British Home Stores (formerly BHS and BhS) is a stalwart department store of the British High Street, selling clothing and household items This was the first attempt to launch supermarkets with a large non-food range in the UK. Savacentre became a wholly owned Sainsbury's subsidiary in 1989. As the hypermarket format became more mainstream, with rivals such as ASDA and Tesco launching ever-larger stores, it was decided that a separate brand was no longer needed and the stores were converted to the regular Sainsbury's superstore format in 1999. This is in direct contrast to rival firms Tesco and ASDA, which have been rapidly expanding their Tesco Extra and ASDA Wal-Mart Supercentre hypermarket formats in recent years.

Sainsbury's founded the Homebase DIY chain in 1979. Homebase is a British Home improvement store and Garden centre, with 320 stores across the United Kingdom and the Republic of Ireland Homebase was tripled in size in 1995 with the acquisition of the rival Texas Homecare from the Ladbroke Group plc. Texas Homecare is a former chain of DIY stores in the UK. Founded in 1972, it was acquired by J Sainsbury plc in 1995 from Sainsbury's sold the Homebase chain in December 2000 in a twofold deal worth £969 million. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Sales of the chain of stores to venture capitalist Schroder Ventures generated £750 million and sale of 28 development sites, which had been earmarked for future Homebase stores, were sold for £219 million to rival B&Q's parent company, Kingfisher plc. Permira is an international Private equity firm based in the United Kingdom, headed by Damon Buffini. Kingfisher plc ( is a UK-based international retailer which has owned a wide variety of retail chains in its history but is now focused on the DIY business At the time, the chain had 13% of the UK market, behind B&Q and Focus Do It All. B&Q is a British Retailer of DIY and Home improvement tools and supplies Focus DIY is a privately owned chain of DIY stores in the UK.

The last counter service branch closed in 1982. In November 1983 Sainsbury's purchased 21% of Shaw's Supermarkets, the second largest grocery group in the north-east United States. Shaw's, along with sister store Star Market, is a wholly-owned subsidiary of Eden Prairie Minnesota-based SuperValu. In June of 1987, Sainsbury's acquired a controlling interest. Despite good performance by Shaw's, Sainsbury's sold the group on 30 April 2004. Events 313 - Roman emperor Licinius unifies the entire Eastern Roman Empire under his rule "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again "

In 1992 the long-time CEO John Sainsbury retired and was replaced by his cousin, David Sainsbury. John Davan Sainsbury Baron Sainsbury of Preston Candover, KG (Born 1927 is the President of J Sainsbury, a British businessman and politician David John Sainsbury Baron Sainsbury of Turville FRS (born 24 October 1940) is a British businessman politician and Peer in the In 2004 The Times quoted a former executive and others who view this event as the start of the company's downturn due to management failures of David Sainsbury and his successors, Dino Adriano and Peter Davis. Peter Davis may refer to Sir Peter Davis, British businessman Peter Davis (director, American news writer and documentary film maker Mistakes cited include David Sainsbury's famous dismissal of Tesco's loyalty card, the reluctance to move into non-food retailing, the indecision between Sainsbury's quality/price position, "the sometimes brutal treatment of suppliers" which led to suppliers favouring Tesco over Sainsbury's and the unsuccessful John Cleese advertising campaign. John Marwood Cleese (ˈkliːz born 27 October, 1939) is a British Actor, Comedian, Writer, Film producer ^[4]

Sainsbury's expanded its operation into Scotland with a store in Darnley opening in January 1992, (the SavaCentre at Cameron Toll in Edinburgh had opened in 1984). Scotland ( Gaelic: Alba) is a Country in northwest Europethat occupies the northern third of the island of Great Britain. Darnley is an area in south-west Glasgow, Scotland located on the A727 just west of Arden. Cameron Toll is a Suburb located to the south of Edinburgh, Scotland. In June 1995 Sainsbury's announced its intention to move into the Northern Ireland market, until that point dominated by local companies. ^[5] Between December 1996 and December 1998 the company opened seven stores. Two others at Sprucefield, Lisburn and Holywood Exchange, Belfast would not open until 2003 due to protracted legal challenges. Sprucefield is a major out-of-town retail park at Blaris on the outskirts of Lisburn and ten miles from Belfast, Northern Ireland. Holywood Exchange is a major retail development on the borders of Belfast and Holywood, Northern Ireland. Sainsbury's move into Northern Ireland was undertaken in a very different way from that of Tesco. While Sainsbury's outlets were all new developments, Tesco (apart from one Tesco Metro) instead purchased existing chains from Associated British Foods (see Tesco Ireland). Associated British Foods plc ( is a British Multinational food ingredients and retail group with sales of £6 Tesco Ireland Limited is a Supermarket company in the Republic of Ireland formed in Tesco plc's 1997 acquisition of the Irish retailing In January 2008 Sainsbury's brought its number of Northern Ireland supermarkets to 11 with the purchase of two Curley's Supermarkets, which includes those store's petrol stations and off licences. ^[6][7]

In March 1997 Sainsbury's Supermarkets Ltd. was established as a separate subsidiary of the group.

In June 1999 Sainsbury's unveiled its new corporate identity, which was developed by M&C Saatchi, which comprised of the current company logo (right), new corporate colours of "living orange" and blue, Interstate as the company's general use font, the new slogan "Making life taste better", which replaced their old slogan from the 1960s and new staff uniforms. In Marketing, a corporate identity is the "persona" of a Corporation which is designed to accord with and facilitate the attainment of business objectives M&C Saatchi is an Advertising agency formed in January 1995 by brothers Maurice Saatchi and Charles Saatchi after they Interstate is a neo-grotesque Sans-serif Typeface designed by Tobias Frere-Jones in the period 1993–1999 and licensed by Font Bureau A slogan is a memorable Motto or Phrase used in a Political, commercial, Religious and other context as a repetitive expression of ^[8][9] The strapline was dropped in May 2005 and replaced in September of that year by "Try something new today. " While the Interstate font was used almost exclusively for many years, the company introduced another informal font in 2005 which is used in a wide range of advertising and literature.

In 1999 Sainsbury's acquired an 80. 1% share of Egyptian Distribution Group SAE, a retailer in Egypt with 100 stores and 2,000 employees. However poor profitability led to the sale of this share in 2001. ^[10] On 8 October 1999 the CEO Dino Adriano lost control of the core UK supermarket business, instead assuming responsibility for the rest of the group. Events 314 - Roman Emperor Licinius is defeated by his colleague Constantine I at the Battle of Cibalae, and loses Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) David Bremner became head of the UK supermarkets. This was "derided" by the city^[11] and described as a "fudge". ^[12] On 14 January 2000 Sainsbury's reversed this decision by announcing the replacement of Adriano by Sir Peter Davis effective from March. ^[12]

2000-2004: Peter Davis

Davis' appointment was well received by investors and analysts. ^[13] In his first two years he raised profits above targets, however by 2004 the group had suffered a decline in performance relative to its competitors and was demoted to third in the UK grocery market. Davis also oversaw an almost £3 billion upgrade of stores, distribution and IT equipment, but his successor would later reveal that much of this investment was wasted and he failed in his key goal - improving availability. Part of this investment saw the construction of four fully automated depots, which at £100 million each cost four times more than standard depots. ^[14]

In 2001 Sainsbury's moved into its current headquarters at Holborn, London. Sainsbury's previously occupied Stamford House and 12 other buildings around Southwark. The Beetham Tower, also known as 1 Blackfriars, Blackfriars Tower and the Beetham-Mirax Tower, is a Skyscraper being planned for the junction Southwark or The Borough is an area of south-east London in the London Borough of Southwark, situated 1 However the accounting department remained separate at Streatham. Streatham is a place in the London Borough of Lambeth in the United Kingdom. The building was designed by architectural firm Foster and Partners and had been developed on the former Mirror Group site for Andersen Consulting (now Accenture), however Sainsbury's acquired the 25 year lease when Accenture pulled out. Foster + Partners is a leading Architectural firm in the United Kingdom. Trinity Mirror plc is a large United Kingdom Newspaper and Magazine publisher Accenture () is a global Management consulting, Technology services, and Outsourcing company

Sainsbury's is a founding member of the Nectar loyalty card scheme, which was launched in late 2002 in conjunction with Debenhams, Barclaycard and BP. The Nectar loyalty card is a Loyalty card scheme in the United Kingdom issued by a partnership of suppliers including the Supermarket chain Sainsbury's Debenhams plc ( is a British -based retailer operating under a Department Store format in the UK and franchise stores in other countries Barclaycard is a global credit provider ( Credit cards and Loans ' owned by Barclays plc in the UK. BP plc, previously known as British Petroleum, is the third largest global Energy company, a multinational oil company (" Oil major The Nectar scheme replaced the Sainsbury's Reward Card; accrued points were transferred over. The loyalty scheme is run by a 3rd party company - Loyalty Management UK or LMUK as often abbreviated, collating information on behalf of the partner sponsors.

In 2003 Wm Morrison Supermarkets made an offer for the Safeway group, prompting a bidding war between the major supermarkets. Wm Morrison Supermarkets PLC ( is the fourth largest chain of Supermarkets in the United Kingdom. Safeway was a chain of Supermarkets and Convenience stores in the United Kingdom. The Trade and Industry Secretary, Patricia Hewitt, referred the various bids to the Competition Commission which reported its findings on 26 September. The Secretary of State for Business Enterprise and Regulatory Reform (formerly the Secretary of State for Trade and Industry before the June 28, 2007 Patricia Hope Hewitt (born 2 December 1948) is a British Politician. The Competition Commission is an independent body responsible for investigating Mergers market shares and conditions and the regulation of firms under United Kingdom Events 46 BC - Julius Caesar dedicates a The Commission found that all bids, with the exception of Morrison's, would "operate against the public interest". As part of the approval Morrison's was to dispose of 53 of the combined group's stores. In May 2004 Sainsbury's announced that it would acquire 14 of these stores, 13 Safeway stores and 1 Morrison's outlet located primarily in the Midlands and the North of England. The first of these new stores opened in August 2004.

At the end of March 2004 Davis was promoted to chairman and was replaced as CEO by Justin King. Justin King (born 17 May 1961, Stepney, London) is CEO of J Sainsbury plc, parent company In June 2004 Davis was forced to quit in the face of an impending shareholder revolt over his salary and bonuses. Investors were angered by a bonus share award of over £2m despite poor company performance. On 19 July 2004 Davis' replacement, Philip Hampton, was appointed as chairman. Events 711 - Muslim forces under Tariq ibn Ziyad defeat the Visigoths led by their king Roderic. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Hampton has previously worked for British Steel, British Gas, BT and Lloyds TSB. British Steel was a major British Steel producer It originated as a nationalised industry the British Steel Corporation (BSC formed in 1967 Centrica plc ( is a large multinational utility company based in the United Kingdom but also with interests in North America and Europe. BT Group plc (formerly British Telecommunications plc) which trades as BT (ˌbiːˈtiː bee tee) (previously known as British Telecom and still Lloyds TSB Group plc () is a leading British Financial institution with its Group Head office in London and its registered office

2004 onwards: Justin King

Justin King joined Sainsbury's from Marks and Spencer plc where he was a director with responsibility for its food division and Kings Super Markets, Inc. Holborn (ˈhoʊbɚn or /ˈhoʊbɝːn/ "ho bun" is an area of Central London, England Marks & Spencer Group plc (also M&S, Marks and Sparks, and Marks) is a British Retailer with 843 stores in more than 30 subsidiary in the United States. ^[15] Schooled in Solihull and a graduate of the University Of Bath, where he took a business administration degree, King was also previously a managing director at Asda with responsibility for hypermarkets. Asda is a United Kingdom Supermarket chain which retails food clothing and general merchandise ^[15]

King ordered a direct mail campaign to 1 million Sainsbury's customers as part of his 6 month business review asking them what they wanted from the company and where the company could improve. This reaffirmed the commentary of retail analysts - the group was not ensuring that shelves are fully stocked, this due to the failure of the IT systems introduced by Peter Davis. Peter Davis may refer to Sir Peter Davis, British businessman Peter Davis (director, American news writer and documentary film maker On 19 October 2004 King unveiled the results of the business review and his plans to revive the company's fortunes. Events 202 BCE - The Battle of Zama results in the defeat of Carthage and Hannibal. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " This was generally well received by both the stock market and the media. Immediate plans included laying off 750 headquarters staff and the recruitment of around 3,000 shop-floor staff to improve the quality of service and the firm's main problem: stock availability. Another significant announcement was the halving of the dividend to increase funds available for price cuts and quality. Dividends are payments made by a Corporation to its Shareholder members

King hired Lawrence Christensen as supply chain director in 2004. Previously he was an expert in logistics at Safeway. Immediate supply chain improvements included the reactivation of two distribution centres. In 2006 Christensen commented on the four automated depots introduced by Davis, saying "not a single day went by without one, if not all of them, breaking down. . . The systems were flawed. They have to stop for four hours every day for maintenance. But because they were constantly breaking down you would be playing catch up. It was a vicious circle. "^[14] Christensen said a fundamental mistake was to build four such depots at once, rather than building one which could be thoroughly tested before progressing with the others. ^[16] In 2007 Sainsbury's announced a further £12 million investment in its depots to keep pace with sales growth and the removal of the failed automated systems from its depots. ^[17]

Sainsbury's sold its American subsidiary, Shaw's, to Albertsons in 2004. Shaw's, along with sister store Star Market, is a wholly-owned subsidiary of Eden Prairie Minnesota-based SuperValu. Albertsons (officially New Albertson's Inc) a wholly owned subsidiary of Eden Prairie Minnesota -based Supervalu, is a Supermarket retailer ^[18] Also in 2004 Sainsbury's expanded its share of the convenience store market through acquisitions. A convenience store is a small store or shop. They are often located alongside busy roads or at gas/petrol stations. Bell's Stores, a 54 store chain based in north-east England was acquired in February 2004. ^[19] Jackson's Stores, a chain of 114 stores based in Yorkshire and the North Midlands, was purchased in August 2004. ^[20] JB Beaumont, a chain of 6 stores in the East Midlands was acquired in November 2004. ^[21] SL Shaw Ltd, which owned six stores was acquired on 28 April 2005 for £6 million. ^[22] On 29 September 2004, Sainsbury's established Sainsbury's Convenience Stores Ltd. Events 522 BC - Darius I of Persia kills the Magian usurper Gaumâta securing his hold as king of the Persian Empire. to manage its Sainsbury's Local stores and the Bells and Jacksons chains. The latter two are to be rebranded as Sainsbury's Local by March 2008.

Since the launch of King's recovery programme, the company has reported twelve consecutive quarters of sales growth, most recently in January 2008. ^[2] Early sales increases were credited to solving problems with the company's distribution system. ^[23] More recent sales improvements have been put down to price cuts and the company's focus on fresh and healthy food. ^[24]

On 4 October 2007 Sainsbury's announced plans to relocate its Store Support Centre from Holborn to Kings Cross in 2011. Events 610 - Heraclius arrives by ship from Africa at Constantinople, overthrows Byzantine Emperor Phocas Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The new office will be part of a new complex to allow for both cost savings and energy efficiency. These savings will be made through the use of efficient building materials and design, a combined heat and power energy centre and the use of renewable energy sources. ^[25]

According to Taylor Nelson Sofres rankings published in January 2008, Sainsbury's market share was 16. TNS Worldpanel is a division of the United Kingdom based global market information group TNS, which analyses the British grocery sector 4% compared to Tesco's 31. 5%, ASDA's 16. 7% and Morrison's 11. 4%. ^[3]

According to CACI, as of 2006, Sainsbury's has market dominance in 8 postcode areas; TQ (Torquay), SN (Swindon), GU (Guildford), RH (Redhill), DA (Dartford), SE (South East London), EN (Enfield) and WV (Wolverhampton). CACI International Inc ( is a publicly held Information Technology (IT company headquartered in Arlington Virginia and London England. The, also known as the Torquay postcode area, is a group of postal districts around Brixham, Buckfastleigh, Dartmouth, Kingsbridge Torquay (tɔrˈkiː is a town in the Unitary authority of Torbay and ceremonial county of Devon, England. The, also known as the Swindon postcode area, is a group of postal districts around The Swindon Urban Area Swindon ( is a large town in the ceremonial county of Wiltshire in the South West of England, midway between Bristol (64 km / 40 miles The, also known as the Guildford postcode area, is a group of postal districts around Aldershot, Alton, Bagshot, Bordon, Camberley Guildford ( IPA /ˈgɪlfəd/ is the County town of Surrey, England, as well as the seat for the borough of Guildford and the The, also known as the Redhill postcode area, is a group of twenty postal districts in Surrey and Sussex, which are subdivisions of eight Post towns Redhill can refer to Redhill South Australia, Australia Redhill Nottinghamshire, England Redhill Shropshire, England The, also known as the Dartford postcode area, is a group of 18 postal districts in south east Greater London and north west Kent which are subdivisions Dartford is the principal town in the borough of Dartford. It is situated in the northwest corner of Kent, England, 16 miles (25 km east south-east The SE (South Eastern postcode area, also known as the London SE postcode area, is the part of the London postal district covering much of south east London South East London may refer to SE postcode area eastern part of South London The EN postcode area, also known as the Enfield postcode area, is a group of 11 postal districts in north Greater London which are subdivisions of seven Post The, also known as the Wolverhampton postcode area, is a group of postal districts around Bilston, Bridgnorth, Willenhall and Wolverhampton ^[26]

Takeover bid: one

On 2 February 2007, after months of speculation about a private equity bid, CVC Capital Partners, Kohlberg Kravis Roberts (KKR) and Blackstone Group announced that they were considering a bid for Sainsbury's. Events 962 - Translatio imperii: Pope John XII crowns Otto I Holy Roman Emperor, the first Holy Roman Emperor Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. CVC Capital Partners is one of the top 5 largest private equity firms in the world with approximately US$46 billion in funds focused on management buyouts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City -based Private equity firm that focuses primarily on late-stage Leveraged Among the most prestigious private equity and investment management firms in the world The Blackstone Group' ( is a company that provides Private equity, financial advisory ^[27] The consortium grew to include Goldman Sachs and Texas Pacific Group. The Goldman Sachs Group Inc, or simply Goldman Sachs ( is a large global Bank holding company that engages in Investment banking securities TPG Capital (formerly Texas Pacific Group commonly referred to as "TPG" is a Private equity investment firm founded by David Bonderman, James On 6 March 2007, with a formal bid yet to be tabled, the Takeover Panel issued a bid deadline of 13 April. Events 1079 - Omar Khayyám completes the Iranian calendar. 1454 - Thirteen Years' War: Delegates of Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1111 - Henry V is crowned Holy Roman Emperor. 1204 - The Fourth Crusade sacks Constantinople ^[28]

On 4 April KKR left the consortium to focus on its bid for Alliance Boots. Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I. Alliance Boots Limited is a British based pharmaceuticals company operating as a high street retailer Pharmacist and pharmaceutical wholesaler ^[29] On 5 April the consortium submitted an "indicative offer" of 562p a share to the company's board. Events 456 - St Patrick returns to Ireland as a missionary bishop After discussions between Sir Philip Hampton and the two largest Sainsbury family shareholders (Lord Sainsbury and Lord (John) Sainsbury) the offer was rejected. David John Sainsbury Baron Sainsbury of Turville FRS (born 24 October 1940) is a British businessman politician and Peer in the John Davan Sainsbury Baron Sainsbury of Preston Candover, KG (Born 1927 is the President of J Sainsbury, a British businessman and politician ^[29] On 9 April the indicative offer was raised to 582p a share, however this too was rejected. Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans) This meant the consortium could not satisfy its own preconditions for a bid, most importanly 75% shareholder support; the combined Sainsbury family holding at the time was 18%. On 11 April the CVC-led consortium abandoned its offer, stating "it became clear the consortium would be unable to make a proposal that would result in a successful offer. Events 491 - Flavius Anastasius becomes Byzantine Emperor, with the name of Anastasius I. "^[30]

On 25 April Delta Two, a Qatari investment company, bought a 14% stake in Sainsbury's causing its share price to rise 7. Events 1607 - Eighty Years' War: The Dutch fleet destroys the anchored Spanish fleet at Gibraltar. 17%. Three's interest in Sainsbury's is thought to centre on its property portfolio. They increased their stake to 25% in June 2007. ^[31]

Post takeover bid

On 16 May 2007 Sainsbury's announced underlying profits for the year ending on 24 March (before pension and interest charge benefits) rose by 42. Events 1204 - Baldwin IX Count of Flanders is crowned as the first Emperor of the Latin Empire. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1401 - Mongol emperor Timur sacks Damascus. 1603 - James VI of Scotland 3% to £380 million. Revenue rose 6. 9% to £18. 52 billion. King announced the company was ahead of its target to raise revenue by £2. 5 billion by 2008 and that a new three year £3. 5 billion sales target was being adopted. ^[32] 66% of these sales are to come from grocery and 33% from nonfood (e. g clothing and entertainment). Other plans include the refurbishment or extension of half of the company's stores. ^[32]

Takeover bid: two

In April 2007 Delta Two, the investment fund backed by the Qatar Investment Authority, purchased 17. 6% of Sainsbury's shares. In June 2007 this was increased to 25%. ^[33] On 18 July BBC News reported that Delta Two had tabled a conditional bid proposal. Events 390 BC - Roman - Gaulish Wars Battle of the Allia - a Roman army is defeated by raiding Gauls, ^[34] On 5 November 2007 it was announced Delta Two had abandoned its takeover bid due to the "deterioration of credit markets" and concerns about funding the company's pension scheme. Events 1499 - Publication of the Catholicon in Treguier ( Brittany) Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The subprime mortgage crisis is an ongoing financial crisis characterized by contracted Liquidity in global credit markets and Banking ^[35] Following the withdrawal of the interest of the QIA, shares in Sainsbury's dropped around 20% (115p) to 440p on the day of this announcement (5 November 2007). Events 1499 - Publication of the Catholicon in Treguier ( Brittany) Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Delta two have now withdrawn and no takeover bid is expected

Financial performance

Year end	Sales(£m)	Pre tax profit(£m)	Profit for year(£m)	Basic eps (p)
22 March 20081	19,287	479	329	19. Earnings per share (EPS are the earnings returned on the initial investment amount Events 238 - Gordian I and his son Gordian II are proclaimed Roman emperor. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common 1
24 March 20071	18,227	477	324	19. Events 1401 - Mongol emperor Timur sacks Damascus. 1603 - James VI of Scotland Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 2
25 March 20061	16,061	104	58 ³	3. Events 1199 - Richard I is wounded by a crossbow bolt while fighting France which leads to his death on April 6. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 8
26 March 20051	15,409	15	614	3. Events 1026 - Pope John XIX crowns Conrad II as Holy Roman Emperor. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. 5
27 March 20041	17,141	610	396	20. Events 196 BC - Ptolemy V ascends to the throne of Egypt. 1309 - Pope Clement V excommunicates "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " 7
29 March 20031	17,079	667	454	23. Events 1461 - Wars of the Roses: Battle of Towton - Edward of York defeats Queen Margaret to become King Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. 7
30 March 20021	17,162	571	364	19. Events 240 BC - 1st recorded Perihelion passage of Halley's Comet. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. 1
31 March 20011	17,244	437	276	14. Events 307 - After divorcing his wife Minervina, Constantine marries Fausta, the daughter of the retired Roman Emperor Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. 5
1 April 20001	16,271	509	349	18. Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. 3
3 April 19992	16,433	888	598	31. Events 1043 - Edward the Confessor is crowned King of England. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) 4
7 March 19981	14,500	719	487	26. Events 161 - Roman Emperor Antoninus Pius dies and is succeeded by co-Emperors Marcus Aurelius and Lucius Verus Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) 1
8 March 19971	13,395	609	403	22. Events 1618 - Johannes Kepler discovers the third law of planetary motion. Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar 0
9 March 19961	12,672	712	488	26. Events 590 - Bahram Chobin is crowned as king Barham VI of Persia. Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) 8
11 March 19951	11,357	809	536	29. Events 1425 BC - Thutmose III, Pharaoh of Egypt, dies (according to the Low Chronology of the 18th Dynasty Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 8
12 March 19941	10,583	369	142	8. Events 538 - Witiges, king of the Ostrogoths ends his siege of Rome and retreats to Ravenna, leaving Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) 0
13 March 19931	9,686	733	503	28. Events 1138 - Cardinal Gregorio Conti is elected Antipope as Victor IV, succeeding Anacletus II. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) 5
14 March 19921	8,696	628	438	25. Events 1489 - The Queen of Cyprus, Catherine Cornaro, sells her kingdom to Venice. Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar) 7
16 March 19911	7,813	518	355	23. Events 597 BC - Babylonians capture Jerusalem, replace Jehoiachin with Zedekiah as king Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. 6
17 March 19901	6,930	451	314	20. Events 45 BC - In his last victory Julius Caesar defeats the Pompeian forces of Titus Labienus and Pompey the Younger Year 1990 ( MCMXC) was a Common year starting on Monday (link displays the 1990 Gregorian calendar) 8

1. denotes 52 weeks
2. denotes 56 weeks.
3. "One off operating costs" of £152 million incurred. This includes £63 million to terminate the IT outsourcing contract with Accenture. Accenture () is a global Management consulting, Technology services, and Outsourcing company
4. £168 million before exceptional costs (cost of "turnaround" plan and write off of excess merchandise etc. )

Store formats

The supermarket chain operates three main store formats; regular Sainsbury's stores, Sainsbury's Local (convenience stores) and Sainsbury's Central (smaller supermarkets in urban locations) stores (Savacentre used to be the larger Sainsbury's supermarkets but was phased out). At the end of its 2005/06 financial year Sainsbury's store portfolio was as follows. ^[36]

Format	Number	Area (ft²)	Area (m²)	Percentage of space
Supermarkets	490	15,916,000	1,467,000	95. A foot (plural feet or foot; symbol or abbreviation ft or sometimes &prime – the prime symbol) is a non-SI unit The metre or meter is a unit of Length. It is the basic unit of Length in the Metric system and in the International 1%
Convenience stores	298	821,000	76,000	4. 9%
Total	788	16,737,000	1,543,000	100. 0%

Sainsbury's currently uses NCR Point of Sale equipment operating the Retalix "Storeline" software, replacing the Fujitsu-ICL POS systems used during the 1990s. NCR Corporation ( is a technology company specializing in products for the retail and financial sectors Point of sale or point of service ( POS or PoS) can mean a retail shop, a checkout counter in a shop or the location where a transaction is a Japanese company specializing in Semiconductors Computers ( Supercomputers Personal computers, servers, Telecommunications

Traditionally, Sainsbury's was most present in the areas around London and south-east England. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Expansion since 1945 has given the company national reach, although the chain is not as represented in Scotland as other chains such as Tesco, and Morrisons (as Safeway dominated Scotland before being taken over by that company).

Some of Sainsbury's highest-taking stores are Tunbridge Wells, Dome Roundabout in Watford, Hedge End in Southampton,Badger Farm in Winchester, Ladbroke Grove, Merton and New Cross Gate (all in London). Watford (ˈwɒtfəd) is a town and district in Hertfordshire, England, situated 19 miles (30 km northwest of London Southampton ( IPA /ˌsaʊθˈhæmptən/ is the largest city in the county of Hampshire, on the south coast of England London ( ˈlʌndən is the capital and largest urban area in the United Kingdom.

Convenience stores

Most of the major chains: Sainsbury's, Tesco, Marks and Spencer, Somerfield and The Co-operative operate convenience stores; as of 2008, Asda and Morrisons do not have presence in this area of the market. Tesco plc is a British -based international grocery and general merchandising retail chain Marks & Spencer Group plc (also M&S, Marks and Sparks, and Marks) is a British Retailer with 843 stores in more than 30 Somerfield is a chain of small to medium-sized supermarkets operating in the United Kingdom. The Co-operative or The Co-op is a common branding used by a variety of co-operatives based in the United Kingdom. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Asda is a United Kingdom Supermarket chain which retails food clothing and general merchandise Wm Morrison Supermarkets PLC ( is the fourth largest chain of Supermarkets in the United Kingdom.

As well as its own Local and Central stores Sainsbury's has expanded through acquisition of existing chains (Bell's Stores, Jackson's Stores, JB Beaumont, and SL Shaw Ltd). Sainsbury's initially retained the strong Bells and Jacksons brands. For example, refurbished stores were called Sainsbury's at Bells or Sainsbury's at Jacksons. These were effectively Sainsbury's Local stores with a revised facia, retaining some features of the former local chain. Unrefurbished stores retained the original brand and logo, but still offered Sainsbury's own brand products, pricing and some point of sale, without accepting Nectar cards. The old websites were also retained with some Sainsbury's branding. This was an experimental format and on 4 May 2007 it was announced that all stores would be rebranded as Sainsbury's Local, with the management teams of the smaller stores integrated into Sainsbury's own teams. ^[37] The Jacksons Stores website now autoforwards to the Sainsbury's one. The Bell's Stores website [1] no longer exists at all.

Distribution

Sainsbury's supply chain operates from ten regional distribution centres (RDCs), with two national distribution centres for slower moving goods at Stoke and Rye Park, and two frozen food facilities, at Elstree and Stone. In addition, the depot at Rugby tranships floral and general mechandise to the RDCs, and Pindar Road depot tranships merchandising units. ^[38]:

• Allington, Maidstone, Kent
• Basingstoke, Hampshire
• Belfast, Northern Ireland
• Charlton, London
• Langlands Park, East Kilbride, South Lanarkshire
• Elstree, Hertfordshire
• Emerald Park, Emerson's Green, Bristol
• Hams Hall, Coleshill, West Midlands
• Northampton, Northamptonshire
• Pindar Road, Hertfordshire
• Rugby, Warwickshire
• Rye Park, Hertfordshire
• Stoke, Staffordshire
• Stone, Staffordshire
• St Albans, Hertfordshire
• Waltham Point, Hertfordshire

Sainsbury's also has a depot called Buntingford. KENT (1400 AM) is a Radio station broadcasting a Adult Standards/MOR format Wildlife Hampshire has wildlife typical of the island of Great Britain Northern Ireland (Tuaisceart Éireann Ulster Scots: Norlin Airlann) is a Country within the United Kingdom, lying in the northeast of London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. South Lanarkshire ( Siorrachd Lannraig a Deas in Gaelic) is one of 32 unitary council areas of Scotland, covering the southern part of the Hertfordshire (ˈhɑːtfədʃə(r, abbreviated Herts) is a ceremonial and non-metropolitan county in the East region of Bristol ( ˈbrɪstəl is a city, Unitary authority and ceremonial county in South West England, west of London The West Midlands is a Metropolitan county in western central England with a population of 2591300 Northamptonshire (or archaically the County of Northampton; abbreviated Northants Hertfordshire (ˈhɑːtfədʃə(r, abbreviated Herts) is a ceremonial and non-metropolitan county in the East region of Geography Warwickshire is bounded to the northwest by the West Midlands Metropolitan county and Staffordshire, by Leicestershire to Hertfordshire (ˈhɑːtfədʃə(r, abbreviated Herts) is a ceremonial and non-metropolitan county in the East region of Staffordshire (abbreviated Staffs) is a landlocked county in the West Midlands region of England. Staffordshire (abbreviated Staffs) is a landlocked county in the West Midlands region of England. Hertfordshire (ˈhɑːtfədʃə(r, abbreviated Herts) is a ceremonial and non-metropolitan county in the East region of Hertfordshire (ˈhɑːtfədʃə(r, abbreviated Herts) is a ceremonial and non-metropolitan county in the East region of This depot is closed, however Sainsbury's still own the site and continue to use the depot at busy times generally Christmas when Waltham Point gets very busy. Buntingford is not used for the rest of the year and is an emergency back-up depot.

Originally Sainsbury's ran its own distribution network. However after an industrial dispute with their drivers in the 1970s, and with the intention of streamlining and consolidation, much of the distribution is now contracted out - to distribution specialists such as TDG, DHL/Exel Distribution and NFT.

Sainsburys drivers are employed on flexi-contracts. The staff split is 20% Agency Staff and 80% Sainsbury's staff.

Online service

Sainsbury's operates an internet shopping service branded as "Sainsbury's Online". To use this service customers choose their grocery items online. Pickers then collect the required items which are delivered to customers from a local store by van. This is available to about 75% of the UK population. The service is run from larger stores which carry the full product range - over 100 stores operate an Online service.

Product ranges

A large store typically stocks around 50,000 lines of which around 20% are "own-label" goods. These own-brand lines include:

• Basics: an economy range of around 500 lines, mainly food but also including other areas including toiletries and stationery. The Basics range uses minimal packaging with simple orange and white designs, to keep the price as low as possible. Equivalent to Tesco's Value, ASDA's Smart price and Morrison's Value (formerly Bettabuy)
• Taste the Difference: around 1100 premium food lines, including many processed foods such as ready meals and premium bakery lines. Similar to ASDA's Extra Special, Tesco Finest and Morrison's The Best.
• Different by Design: a smaller range of premium non-food lines, including flowers which were previously branded "Orlando Hamilton".
• Kids: these lines are for children. In 2006 these lines replaced the Blue Parrot Café range.
• Be Good To Yourself: products with reduced calorific and/or fat content.
• Free From: over 75 product lines. ^[39] These products are suitable for those allergic to dairy products. (The majority of these are dairy and gluten/wheat free)
• Sainsbury's Organic (SO Organic): Around 500 lines of food / drink which is not derived from food stuffs treated with fertiliser or pesticides.
• Fair Trade: Over 100 fair trade products. Fair trade is an organized Social movement and market-based approach to empowering developing country producers and promoting sustainability ^[40] - All bananas sold at Sainsbury's are now fair trade. Fair trade is an organized Social movement and market-based approach to empowering developing country producers and promoting sustainability The own-brand tea and coffee is being converted to Fairtrade over the next three years. ^[41]
• Super Naturals^TM: A range of ready meals with healthy ingredients.
• TU - own brand clothing range, which replaced the Jeff Banks designed range, Jeff & Co.

Marketing

Since 2000 Jamie Oliver has been the public face of Sainsbury's, appearing on television and radio advertisements and in-store promotional material. James Trevor 'Jamie' Oliver, MBE (born 27 May 1975 frequently Nicknamed The Naked Chef, is an English Celebrity chef. The deal earns him an estimated £1. 2 million every year. In the first two years these advertisements are estimated to have given Sainsbury's an extra £1 billion of sales or £200 million gross profit. ^[42]

Sainsbury's currently uses the "Try something new today" slogan which was launched in an effort to make consumers venture into purchasing more varied goods. The television adverts are also often accompanied by The Polyphonic Spree's Light & Day. The Polyphonic Spree is a self-described " choral symphonic rock " group from the Dallas Texas area Over the years, Sainsbury's has used many slogans:

• "Quality perfect, Prices Lower" The slogan used on the shopfront of the Islington store in 1882.
• "Sainsbury's For Quality, Sainsbury's For Value"- Used in 1918 above the Drury Lane store.
• "Sainsbury's. The Essentials are the Essentials. "*
• "Good Food Costs Less At Sainsbury's" — Used from the 1960s to the 1990s. Described by BBC News as "probably the best-known advertising slogan in retailing. " ^[43]
• "Sainsbury's - Everyone's Favourite Ingredient" — Used in a series of TV commercials in the 1990s which featured celebrities cooking Sainsbury's food.
• "Fresh food, fresh ideas"-used in 1998
• "Value to shout about" — A 1998/1999 campaign fronted by John Cleese which was widely claimed to have been a major mistake. John Marwood Cleese (ˈkliːz born 27 October, 1939) is a British Actor, Comedian, Writer, Film producer Sainsbury's said it actually depressed sales. However, the company had been losing sales for years because of the rise of rival Tesco. Tesco plc is a British -based international grocery and general merchandising retail chain ^[44]
• "Making Life Taste Better" Introduced 1999 and used until May 2005. Still used on delivery lorries in 2008.
• "Try something new today" Introduced in September 2005. Replaced on carrier bags, till receipts and all other corporate branding from this point.

In 2008 they have created a shopping incentive by showing you can feed your family with five pounds, it is called "Feed your family on a fiver", the flagship is "Meatballs 'n' More" which has been avertised on the Televison with Jamie Oliver Cooking it.

Sainsbury's Bank

Main article: Sainsbury's Bank

In 1997 Sainsbury's Bank was established - a joint venture between J Sainsbury plc. Sainsbury's Bank, now trading as Sainsbury's Finance, is a 5050 joint venture between J Sainsbury, a leading UK food retailer and HBOS, the fourth and the Bank of Scotland (now HBOS). The Bank of Scotland plc is a commercial and Clearing bank based in Edinburgh, Scotland. HBOS plc ( is a Banking and Insurance group in the United Kingdom, the Holding company for Bank of Scotland plc, which

Services offered include car, life, home, pet and travel insurance as well as health cover, loans, credit cards, savings accounts and ISAs. A credit card is part of a system of Payments named after the small Plastic card issued to users of the system Savings accounts are accounts maintained by retail Financial institutions that pay Interest but can not be used directly as Money (by for example An Individual Savings Account (ISA is a financial product available to residents in the United Kingdom.

Sainsbury family

Today there is little family involvement in the company. David Sainsbury's retirement as chairman in 1998 brought to an end 129 years of management of the group by the Sainsbury family. David John Sainsbury Baron Sainsbury of Turville FRS (born 24 October 1940) is a British businessman politician and Peer in the As a government minister since 1998, his shares were held in a blind trust until 2007. A blind trust is a trust in which the fiduciaries, namely the Executors or those who have been given Power of attorney, have full discretion over

The Sunday Times reported in September 2006 that "The Sainsbury family continues to [sell] shares in the £6. The Sunday Times is a Sunday Broadsheet Newspaper distributed in the United Kingdom and Republic of Ireland. 2 billion retailer. . . and for the first time their combined holding has fallen below 20%. "^[45] The Qatari royal family of the Gulf Kingdom are now the largest stakeholders with a 25. 007% share in the company. ^[46]

As of January 2007, the reportable interests of the Sainsbury family represent some 13. 9% of J Sainsbury's share capital. All the shares above are held by family lawyer and trustee Miss Judith Portrait. ^[47] This follows Lord Sainsbury of Preston Candover's decision to split his 3. John Davan Sainsbury Baron Sainsbury of Preston Candover, KG (Born 1927 is the President of J Sainsbury, a British businessman and politician 89% holding in Sainsbury's between other members of his family. ^[48]

The statement by Lord (John) Sainsbury in December 2006 suggests that the family may not have sold as many shares as previously thought. The other theory could be that the most senior members of the family, with previous stakes of over 3% (the reportable stock exchange shareholding threshold), could have simply transferred some of their shares to their children (who previously held few shares), rather than having sold shares onto the open market. However, some shares which have been sold were definitely sold to the open market (according to Miss Judith Portrait).

This fall from around 35% increases the possibility of any takeover attempt succeeding. However a hostile bid for the company may encounter difficulties, without the full support of the Sainsbury family. The halving of the generous dividend yield in recent years, may have been a significant factor regarding the family's decision to reduce their shareholdings.

References

External links

• Sainsbury's consumer website
• J Sainsbury plc corporate website
• Sainsburys online delivery website

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