Sainsburys profits top £1bn after closing all cafes and cutting 3,000 jobs

Sainsbury's issues update as popular sections at major stores face closure - The Mirror

The supermarket giant is making cutbacks despite new performance results showing healthy profits. Three thousand jobs are going and 61 cafes shutting

Sainsburys profits top £1bn after closing all cafes and cutting 3,000 jobs

The supermarket chain warned of static profits in the coming year due to a price war, which could bring prices down for shoppers.

Are Sainsbury's shares a white-hot buy as annual profits hit £1bn?

Sainsbury‘s (LSE:SBRY) made headlines this week by announcing its entry into the prestigious ‘£1bn Club’. It sending its shares higher in the process. On Thursday (17 April), the FTSE 100 grocer said retail sales (excluding fuel) rose 3.1% in the 52 weeks to 1 March, to £31.6bn. This in turn propelled retail underlying operating profit through £1bn for the first time, and up 7.2% year on year. Celebrating “a record-breaking year in grocery“, Sai…

Sainsbury's new update over closures of well-liked sections

Sainsbury's is making cuts as it streamlines the business despite strong profit results. Thousands of jobs will also be axed

Sainsbury's profits top £1bn after closing all cafes and cutting 3,000

Annual profits at the UK’s second biggest supermarket, Sainsbury’s, have reached £1bn. The supermarket chain reported that sales and profits grew over the year to March. It also comes after Sainsbury’s announced in January plans to close of all of its in-store cafes and the loss of 3,000 jobs. But the high profits are not expected to increase, according to Sainsbury’s, which warned of heightened competition as a supermarket price war heats up. T…

Sainsbury’s Calls On Government To Close Duty Loophole That Threatens Argos

The Chief Executive of Sainsbury’s has urged the UK government to end a duty exemption that allows single shipments worth up to £135 to be imported from overseas without incurring customs duty. British retailers have recently expressed concerns about the (more…) The post Sainsbury’s Calls On Government To Close Duty Loophole That Threatens Argos appeared first on KamCity.