Sainsbury's hit by store closure costs - BBC

Nov 7, 2019 · The store closures resulted in a £203m charge in Sainsbury's half-year results, which cover the 28 weeks to 21 September. Stripping out the cost, underlying pre-tax profit reached £238m, down ...

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Sainsbury's Hit By Store Closure Costs - BBC

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bbc.com

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Sainsbury's Hit By Store Closure Costs - BBC News

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Nov 7, 2019 · The store closures resulted in a £203m charge in Sainsbury's half-year results, which cover the 28 weeks to 21 September. Stripping out the cost, underlying pre-tax profit …

bbc.co.uk

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Sainsbury's Takes A £200 Million Hit From Store Closures

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Nov 7, 2019 · Sainsbury's profits slumped after it took a £203 million hit to its balance sheet from a string of store closures. The company is attempting to costs by £500 million. Pre-tax profits …

insider.co.uk

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Sainsbury's Says Almost Everyone Now Shops In Store - BBC

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Sainsbury's response has been to focus heavily on its food, which accounts for about three-quarters of its business, and it said it has spent £780m over the past three years on keeping …

bbc.com

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Sainsbury’s Warns Of Price Rises After £140m ‘barrage’ Of Budget …

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Nov 7, 2024 · Sainsbury’s is facing a “barrage of costs” that will force it to raise prices, its chief executive has warned, as the retailer revealed a £140m hit from Rachel Reeves’s National …

telegraph.co.uk

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Sainsbury's: Cost Of Covid Has Been High - BBC

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The supermarket giant also paid out restructuring costs, including to close 170 standalone Argos stores. Sainsbury's £261m pre-tax loss for the year was despite like-for-like sales rising 8.1% ...

bbc.com

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Sainsbury’s Job Losses And Store Closures Signal Rapid ... - Diginomica

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Nov 5, 2020 · The news comes as Sainsbury's announced half-year losses of £137 million, driven by the one off cost associated with the Argos store closures. However, the core underlying …

diginomica.com

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Sainsbury's Begins £500 Million Cost-cutting Drive As Chain Takes …

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Nov 7, 2019 · Sainsbury's attempts to slash costs by £500 million has commenced as the supermarket chain revealed it took a £203 million hit to its balance sheet from a series of store …

birminghammail.co.uk

FAQs about Sainsbury's hit by store closure costs - BBC Coupon?

Why did Sainsbury's close?

Like-for-like general merchandise sales fell by 2.5% and clothing dropped by 1.2%, which Sainsbury's also blamed on last year's hot weather and "a subdued non-food market". The store closures resulted in a £203m charge in Sainsbury's half-year results, which cover the 28 weeks to 21 September. ...

Will Sainsbury's close more convenience stores by March 2024?

The supermarket plans to close up to eight more convenience stores by March 2024 In its latest company results, Sainsbury's revealed it had closed two convenience stores in the first half of the financial year and plans to close up to ten Sainsbury's Locals in total in 2023/24. ...

How many Sainsbury's stores will close?

Where the larger branches are concerned, 10 to 15 supermarkets will close, and a further 10 will open, while 30 to 40 Sainsbury’s Locals will shut up shop, with 110 fresh stores due to open. And 60 to 70 Argos stores in Sainsbury’s branches will close to be replaced by 80 new branches. ...

Will Sainsbury's close more Argos stores?

Sainsbury's is set to shut nine more Argos stores as it issues a major update. The supermarket chain, which owns Argos, has already shut dozens of Argos branches - but it has now revealed it will close nine more stores this financial year. Sainsbury’s has not published the locations of the branches that will be shutting. ...

Will Sainsbury's close 200 cafes next month?

Sainsbury's is set to close 200 of its in-store cafes next month, putting about 2,000 jobs at risk. The supermarket has also announced plans to close less popular hot food counters in 34 stores. Chief executive Simon Roberts said the chain was "absolutely committed" to supporting the members of staff affected. ...

Is Sainsbury's moving to a smaller convenience store?

A breakdown of the planned closures and openings outlined in the company’s second quarter trading statement, covering the 12 weeks to 21 September this year, indicates the supermarket is moving its focus from larger branches to invest in its smaller Sainsbury’s Local convenience stores. ...