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J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
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Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.
Sainsbury’s, which employs 148,000 people, cut 1,500 jobs in February last year as it cut staff at its bakeries, a call centre in Cheshire and some distribution centres. Show comments.
Simon John Roberts (born 26 January 1971) is a British businessman, and the chief executive officer (CEO) of Sainsbury's since 1 June 2020, having previously been retail operations director. He is a former managing director of Boots UK .
Justin Matthew King CBE (born 17 May 1961) is an English businessman. He was the CEO of J Sainsbury plc, parent company of the supermarket chain Sainsbury's, for ten years before stepping down in July 2014. [1] King was previously Director of Food at Marks and Spencer and has held senior positions at Asda.
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.
Alan Sainsbury was instrumental in bringing the self-service supermarket to Britain and shaping many of the conditions by which we shop for food today. On a trip to America he saw the experience of self-service supermarkets, and John James Sainsbury's show-piece Croydon branch of Sainsbury's was converted to self-service in 1950.