J Sainsbury plc is a UK based company, into grocery, related retailing an financial services business. The study is primarily to do financial assessment of this company and its performance relative to its peers and industry. Seeing the last 5 years report, it is evident that company was in a bad share 3 years ago, and now its in the stage of recovery.
Starting 2004, there has been a major change in the board, as well as management. Since then company has taken several large and aggressive approach. This can be summarised as renovating/ ex-panding retail space, re-engineering of supply chain, and improvement in IT system. Also there has been focus on brand repositioning through quality improvement, cost reduction …show more content…
➢ Reinvigorate the store portfolio
➢ Re-engineer the supply chain:
➢ IT platform improvement.
The results are in front of all of us. In terms of sales revenue they are ahead of the target of 2.5b by end of 08. Last year they grew by 1 b taking cumulative growth in last 2 years to 1.8b pound. 2.4 Market Overview
The UK’s retail grocery market will be worth £118. 1bn by the end of this year and is predicted to grow to £133.5bn by 2009, according to the latest report from food industry think-tank, IGD . The key factors driving growth are changing demographics, increasing contribution of non-food, which