Documents

ar2010_report-sainsbury 2

Description
Tasty salad erseys with J crispy bacon Annual Report and Financial Statements 2010 We have made fundamental changes at Sainsbury’s in recent years which have transformed our business. We have stayed true to our heritage. Our passion for great food at fair prices and our robust, ethical approach remain central to our continued success. World leaders in Fairtrade We are the world’s largest retailer of Fairtrade goods by value. One in every four pounds spent on Fairtrade in the UK is spent
Categories
Published
of 114
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
    Tasty salad Jerse ys  wi thcrisp y  bacon  Annual Report andFinancial Statements 2010    We have made fundamental changes at Sainsbury’s in recent years which havetransformed our business. We have stayed true to our heritage. Our passion forgreat food at fair prices and our robust, ethical approach remain central to ourcontinued success. World leaders in Fairtrade We are the world’s largest retailer of Fairtrade goods byvalue. One in every four pounds spent on Fairtrade in theUK is spent at a Sainsbury’s store. Supermarket of the year  Sainsbury’s was named Supermarket of the Year at the2009 Retail Industry Awards, due to our ability to adaptto changing customer needs over the past year. We are ‘Green to the Core’ We were awarded an industry leading ‘A’ rating in the ‘Green tothe Core?’ survey by Consumer Focus for our customer engagementon green issues, our sustainable farming and fish policies andthe high proportion of sustainable products available. Largest UK retailer of Freedom Food We are the largest retailer of Freedom Food both by the amountof products we sell and the range we offer. Freedom Food is theRSPCA’s farm assurance and food labelling scheme. Leader in HR and peoplemanagement We won the CBI ‘People’s Organisation’ award for ourbroad-ranging HR and people-management excellence. Leader in quality We won more Quality Food Awards than any other retailer thisyear, including 7 wins from 15 categories for Value products. Official partner of theLondon 2012 Paralympic Games We have been appointed as the first ever Paralympic-onlysponsor, becoming a Tier One Partner of the London 2012Paralympic Games. www.j-sainsbury.co.uk /illustratedreview An illustrated review of Sainsbury’s duringthe 2009/10 financial year is also online atour corporate website or through thedirect website address above.    Corporate objectives The Company’s strategy centres around five areas of focus. These areas areunderpinned by Sainsbury’s strong heritage and brand which consistentlysets it apart from major competitors. 1   Great food at fair prices To build on and stretch the lead in food. By sharingcustomers’ passion for healthy, safe, fresh and tastyfood, Sainsbury’s will continue to innovate and provideleadership in delivering quality products at fair prices,sourced with integrity. 2   Accelerating the growth of complementarynon-food ranges and services To continue to accelerate the development of non-foodranges and services following the principles of qualityand value and to provide a broader shopping experiencefor customers. 3   Reaching more customers throughadditional channels To extend the reach of Sainsbury’s brand byopening new convenience stores and developingthe online operations. 4   Growing supermarket space To expand the Company’s store estate, actively seekingand developing a pipeline of new stores and extendingthe largely under-developed store portfolio to providean even better food offer while also growing space fornon-food ranges. 5   Active property management The ownership of property assets provides operationalflexibility and the exploitation of potential developmentopportunities will maximise value.    Over 19 million customer transactions on average everyweek, a million more than last yearA 16.1 per cent market share in the UK, up by 0.2 per centon last yearWon more Quality Food Awards than any other retailer thisyear, including seven wins from 15 categories for Value productsWorld’s largest retailer of Fairtrade goods by value Over 19m customer transactions on average everyweek, a million more than last yearComplementary non-food grew three times faster thanfood sales and the TU clothing range continued to bethe star performerOur TU childrenswear range is now the seventh largestin the UK market by volumeDoubled our clothing warehouse capacity to manage theincreasing demand for our clothing linesSainsbury’s Bank delivered strong growth, with operatingprofit increasing to £19 million 3x Complementary non-food grew threetimes faster than food sales51 Sainsbury’s convenience stores opened during 2009/10Total convenience estate of 335 stores with plans to open75 to 100 more in 2010/11Groceries online business growing rapidly with sales up just under 20 per cent, within reach of nearly 90 per centof UK householdsNon-food online launched in July 2009, with over 8,000products now available nationally Online up 20% Online sales growing rapidly withturnover up over 20 per cent38 new supermarkets opened, including our largest storein Northern Ireland at 70,000 sq ft13 supermarkets extendedAdded over 1.1 million gross sq ft of new space in total(including convenience), an increase of 6.8 per centOn track to meet our target of increasing gross space by15 per cent over the two years to March 2011 Added over 1.1m gross sq ft of new space in total, including 38 newsupermarkets and 13 extensionsMarket value of our freehold property portfolio increasedto £9.8 billionUp £2.3 billion on last year, including £0.7 billion of propertyvalue created from investment and development activity294 wholly-owned freehold and long leasehold stores,of which 85 per cent have development potentialTwo property joint ventures containing 43 supermarkets £9.8bn Market value of freehold property
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks