Appendix 9. Sainsbury’s business activities 1971–2013 Sainsbury’s entered a joint venture with British Home Stores in 1971 to create hypermarket style stores under the brand SavaCentre. These stores reverted to the standard Sainsbury’s brand and superstore format in 1999. It went public very successfully in 1973 and in 1979 developed a further joint venture with Belgian retailer, GB-Inno-BM, setting up a successful chain of DIY stores with a supermarket-style layout under the brand ‘Homebase’. Hombase grew into a very profitable concern and in 1995 acquired ‘Texas Homecare’ tripling in size overnight. Homebase was subsequently sold in 2000 for almost £1billion. Sainsbury 's acquired a percentage of US based Shaw 's Supermarkets in 1983 and in 1987 completed …show more content…
In 2004 they invested £3bn revamping stores, restructuring distribution systems and upgrading IT systems as part their Business Transformation Programme which led to the development of four fully automated distribution depots costing £100 million each. There was widespread criticism over the implementation of the programme and its failure to effectively increase efficiencies. Subsequent poor sales and outrage over director bonuses / payments led to an investor revolt which ousted the then CEO Sir Peter Davis. The new CEO put in place a three-year recovery plan titled 'Making Sainsbury 's Great Again ' which was largely welcomed by staff, investors and customers alike despite short term layoffs of admin/management staff. Bad PR was offset by the hiring of 3,000 shop-floor employees to tackle the key issue of getting stock on shelves in a timely fashion. The sales revenue target was an increase of £2.5 billion by the end of the 2008 reporting period. This target factored in the reduction of the dividend to offset the cost of increased quality and price
Greggs is a leader of located bakery chain in the UK, a series of sweet food and soft drinks including sandwiches as well as bottled. In 1939, Greggs was established the own brand Gregg as a Tyneside bakery. In 1951, the first bakery shop was opened in Gosforth. Until 2016 years, Greggs has been running about 76 years. The Greggs is provides the freshly prepare food, drinks of Greggs in each day in the shops of Greggs so that all of customers could enjoy the ‘Always Fresh, Always Tasty’ experience including sandwiches, soft drinks. This is the mission of Greggs. Stores of Greggs are located in more cheaper retail locations in the shopping malls and main streets of the city. This means shops of Greggs are not located in tourist locations. Shops of Greggs are opens during the standard business hours so they can serve consumer`s breakfast, lunch and dinner every day. Greggs could serve about five million consumers in the stores of Greggs each week with products and sandwiches.
By 1950, Debenhams owned 84 companies and 110 stores with result to be the largest department store group in UK. Debenhams was part of the Burton Group from 1985 to 1998, and during that period the firm was repositioned with the introduction of exclusive merchandise, and its stores increased in number. Then in 1997 the first international franchise store opened in Bahrain [1].
In January 2012 the company announced the “Transform 2015” plan. This is a turnaround program aimed at restoring profitability. The 2011 loss emphasizes the need for this program to deliver results, given a continuing uncertain outlook as Europe’s economic troubles persist amid high fuel prices.
need to improve its management team, set up succession plan, reduce dependence on Cadbury family-
This section discusses three options available to Sainsbury’s in light of the cultural differences between the UK, its home country and Egypt is new target market.
In 2000 the company invested in an IT infrastructure. However, leadership alienated many store managers, sales staff, and customers in the process and the company continued to struggle (Laudon & Laudon, 2016). In 2008 leadership changed and the company’s focus turned to customer satisfaction. Home Depot
The Article, "Renovating Home Depot," describes how, since the arrival of the new Chief Executive, Robert Nardelli, the business strategy has shifted to a more militaristic style. In the beginning, Home Depot was a "decentralized, entrepreneurial" business, and now is switching to a different management style. Nardelli loves to hire ex-soldiers, and is perhaps using the armed services as a role model for the new business structure. Under Nardelli's leadership, Home Depot is becoming more centralized and the good financial reports following this are signs that it a good strategy (Grow 50).
It was founded in a market stall in London’s East End by Jack Cohen in 1919 and now operates in 12 countries around the world. Tesco is one of the leading retailers within the UK industry, and is also one of the largest food retailers in the world. As of 22 April 2015 its market capitalization is approximately £18.1 billion.
After serving in the First World War, Jack Cohen used his savings and started selling groceries in Londonl East End markets. Tesco was founded in 1924. The name was based on the initials of T E Stockwell, a partner in a firm of tea suppliers, and the first two letters of Cohen. In 1929, the first store was opened in Edgware, North London. The business prospered and, in 1947, Tesco Stores (Holdings) Ltd was floated on the Stock Exchange. In 1956, the first self-service supermarket was opened. Apart ftom opening new stores, Tesco has expanded by taking over other businesses. For example, in 1992, it bought 57 William Low stores in Scotland and, in 1997, it purchased 109 stores in Northern Ireland and the Republic of Ireland ftom ABF pie.
Efficiency has been highlighted as a key financial objective for each company – as it is inherent in optimising profit from any business and helping sustain core business – which is the primary objective of both groups. It is also a good indicator of healthy cash flow management – a specific Sainsbury’s objective.
When Nardelli came aboard as CEO of "The Home Depot Corporation" he was faced with a huge task to drive the business back to a place of growth and leading the industry. So, there were many negatives in this organization. Home Depot was known as an unstructured and entrepreneurial culture. The business was setup
Sabritas was founded in 1943 by Pedro Antoinio Mercos Noriega in Mexico City, Mexico as Golosinas y Productos Selectos. In 1966, following the merger of Frito Lay and Pepsi, Sabritas was purchased by the new company, PepsiCo. The name Sabritas is a contraction
Tesco Decided to take a grant from the government, they decided to spend this in improving their company as they were losing employees very fast due to the financial struggle. Tesco had started to employ more people to get back on their feet and get the company running normally
- Jack Cohen found Tesco in 1924, the company has grown and developed, responding to new opportunities and pioneering many innovations. He used this gratuity from his army services in the first world war to start selling groceries in London's east end market in 1919. The first Tesco was opened in 1929, in Burnt oak, Edgware.
The credit for laying the foundation of Tesco goes to Mr. Jack Cohen who is the actual founder of the company. He laid down the foundation of Tesco in 1920 and operated as the market retailer on private basis. Soon his company name started getting success and the graph of its products’ popularity touched the skies. In collaboration with a small purchaser, Jack opened the company’s first store in 1928 in Middlesex. The business started growing more and more and in a couple of years, it succeeded in becoming the multinational grocery manufacturing company.