Swinton Square , formerly known as Swinton Shopping Centre, is a shopping centre located between Chorley Road (A6) and Swinton Hall Road in Swinton , near Manchester , England .
100-494: The centre was built in 1966. Swinton Square houses a diverse number of shops, with many specialising in a certain area of life. It also held a small open air market until fairly recently. The complex includes the 1970s Swinton Library and the Lancastrian Hall As part of the recent redevelopment of the shopping area, a new Asda superstore opened in 2014. There is also a Morrisons superstore nearby on Swinton Hall Road, which
200-557: A white label payment card provider offering assistance for insurance and payment services under the Asda Money brand and also has a mobile virtual network operator . In February 2021, the Issa brothers and TDR Capital acquired Asda, with Walmart retaining "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship". The deal came after an acquisition by Sainsbury's
300-490: A car park for extra convenience. The first self-service branch opened in Croydon in 1950. Sainsbury's was a pioneer in the development of own-brand goods; the aim was to offer products that matched the quality of nationally branded goods but at a lower price. It expanded more cautiously than Tesco , shunning acquisitions, and it never offered trading stamps . Until the company went public on 12 July 1973, as J Sainsbury plc,
400-419: A cost-cutting exercise. The library closed on Saturday 27 June 2015 and reopened on 20 July a short distance away in the new Swinton Gateway building next to St. Peter's Church. Services 53°30′45″N 2°20′18″W / 53.51258°N 2.33838°W / 53.51258; -2.33838 Asda Asda Stores Limited ( / ˈ æ z d ə / ), trading as Asda and often styled as ASDA ,
500-402: A distribution centre. That was far above the net book value of the locations, some of which were poorly sited. (Asda has subsequently relocated or rebuilt more than 30 of the original Gateway stores since the late 1990s.) The move left the company overstretched as a result, and by 1991, it found itself in serious financial trouble with over £1 billion of debt; compounding the situation further
600-486: A formal bid yet to be tabled, the Takeover Panel issued a bid deadline of 13 April. On 4 April, KKR left the consortium to focus on its bid for Alliance Boots . On 5 April, the consortium submitted an "indicative offer" of 562p a share to the company's board. After discussions between Sir Philip Hampton and the two largest Sainsbury family shareholders Lord Sainsbury of Turville and Lord Sainsbury of Preston Candover
700-635: A minority stake in another supermarket group, Giant Food, based in Washington, DC , although this shareholding was subsequently sold when Ahold of the Netherlands made a full bid for the company. An arrangement in late 1995 with Supermarket Direct made Sainsbury's the first major grocery retailer in the UK to offer a home delivery service. In May 1996, the company reported its first fall in profits for 22 years. David Sainsbury announced management changes, involving
800-541: A new company, Asda ( As quith + Da iries) (capitalised from 1985). By 1967, the company had set up a store in Billingham , County Durham . By 1969, Noel Stockdale bought out the Asquith brothers' stake and became chairman of the company. Asda took advantage of the abolition of retail price maintenance to offer large-scale, low-cost supermarkets. This was aided by the decision to acquire three struggling US-owned branches in
900-466: A new discount format called "Dales" but this had been ended by 1998. In 1993, Asda completed a second rights issue that raised a further £347 million and began selling off some of its assets; some stores were sold to competitors, and the Allied Carpets chain was sold to Carpetland. By 1995, the company had returned to profitability and had virtually wiped out its debt – this is cited as one of
1000-452: A petrol filling station and dining and refreshment facilities for shoppers such as customer cafes, and selected stores have McDonald's franchise restaurants or "Express Diners". The Old Kent Road , Scunthorpe Colindale and Brunstane stores previously trialled a Subway franchise. There are currently no plans to roll the Subway franchise out across the chain. In May 2010, Asda announced
1100-474: A plan to fully integrate mobile platforms into stores. The app allowed customers to create shopping lists and scan item barcodes for more information about them. In 2015, Asda adopted Walmart's slogan: "Save Money. Live Better". Around the same time they adopted an updated logo, with Walmart's yellow spark surrounding the first letter. The spark was later removed. In June 2016, it was announced that Andy Clarke, CEO since 2010, would be replaced by Sean Clarke ,
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#17328595965951200-573: A result of increased sales. Sainsbury's sold its subsidiary in America, Shaw's, to Albertsons in March 2004. Also in 2004 Sainsbury's expanded its share of the convenience shop market through acquisitions. After the launch of King's recovery programme, the company reported nineteen consecutive quarters of sales growth, most recently in October 2009. Early sales increases were credited to solving problems with
1300-480: A resurgent Sainsbury's , Asda's chief executive, Tony De Nunzio left, and was replaced by Andy Bond . In 2005, Asda expanded into Northern Ireland by purchasing 12 former Safeway stores from Morrisons . Asda's property development arm, Gazeley Limited, was sold to Economic Zones World (EZW), a Dubai World subsidiary, in June 2008 for in excess of £300 million. In November 2008, there were reports that Asda
1400-488: A retailer of fresh foods and later expanded into packaged groceries such as tea and sugar. His trading philosophy, as stated on a sign outside his first shop was: "Quality perfect, prices lower". Shops started to look similar, so a high cast-iron 'J. SAINSBURY' sign featured on every London shop so that it could be recognised from a distance, and round-the-back deliveries started to add extra convenience and not upset rivals due to Sainsbury's popularity. In 1922, J Sainsbury
1500-641: A sales area of 8,600 m (93,000 sq ft) opened in Patchway, Bristol in the summer of 2000. The first Scottish Supercentre opened in Livingston , in 2001. The Bletchley , Milton Keynes Supercentre which opened in November 2005 is currently the largest Asda Supercentre with a net sales floor of over 11,000 m (120,000 sq ft). This was preceded in June 2002 by the Eastlands, Manchester store which
1600-467: A seat on the board and "an ongoing commercial relationship". In the same month, Asda said that it might need to put 5,000 jobs at risk as part of reconstruction plan in the context of people shopping online. In March 2021, Asda was involved in the "largest ever sterling bond offering" as part of the financing package to fund the acquisition purchase by TDR Capital and the Issa brothers. In May 2023, it
1700-641: A small number of pilot George stores. In January 2012 Asda announced that it had agreed to terms with two franchise partners to open international George stores. Through the agreement with SandpiperCI, based in the Channel Islands, the company will be responsible for opening George franchises in both Jersey and Guernsey, and through the Azadea Group, headquartered in Beirut, Lebanon, the George franchise stores would open in
1800-479: A £5.4 billion merger that would have both created the United Kingdom's largest multi-category retailer and enabled Asda to begin operating stores throughout Europe. A merger deal was abandoned when Walmart outbid Kingfisher to purchase Asda for £6.7 billion, which was completed on 26 July 1999 in a move that was initially speculated by British media outlets as a potential corporate raid . Shortly after
1900-452: Is a British supermarket and petrol station chain. Its headquarters are in Leeds , England. The company was incorporated as Associated Dairies and Farm Stores in 1949. It expanded into Southern England during the 1970s and 1980s, and acquired Allied Carpets , 61 large Gateway Supermarkets and other businesses, such as MFI Group . It sold these acquisitions during the 1990s to concentrate on
2000-499: Is located opposite head office. They include a small convenience store and click and collect facilities. The trial was a success and in 2014, a full roll out of this format was announced after a third site opened in Northolt, West London. In February 2015, 15 petrol filling stations were acquired from Rontec Ltd, and converted to the new format. Asda originally aimed to have at least 100 standalone forecourts by 2018. However, in October 2015,
2100-972: The Meadowhall Shopping Centre , Sheffield (originally as a SavaCentre) in 1990, and the Merry Hill Shopping Centre at Brierley Hill in the West Midlands , which opened in September 1989. Sainsbury's expanded into Scotland in 1992 with a shop in Darnley (the SavaCentre at Cameron Toll in Edinburgh had opened in 1984). In June 1995, Sainsbury's announced its intention to move into the Northern Ireland market, until that point dominated by local companies. Between December 1996 and December 1998,
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#17328595965952200-498: The North of England , the newly focused food retail group expanded further south in 1989 by purchasing the large format stores of rival Gateway Superstores for £705 million. This significantly increased Asda's total selling area, but the company had borrowed heavily in order to fund the purchase – city estimates suggested that Asda had overpaid by around £300 million for 61 of the largest Gateway stores, two undeveloped store sites and
2300-447: The hypermarket sector, Sainsbury's formed a joint venture, known as SavaCentre , with British Home Stores . The first SavaCentre shop was opened in Washington, Tyne and Wear , in 1977; nearly half the space, amounting to some 35,000 sq ft (3,300 m ), was devoted to textiles, electrical goods and hardware. As the hypermarket format became more mainstream, with rivals such as Asda and Tesco launching ever larger shops, it
2400-644: The Homebase chain in December 2000, in a twofold deal worth £ 969 million. Sales of the stores to Schroder Ventures generated £750 million and sale of 28 development sites, which had been earmarked for future Homebase shops, were sold for £219 million to rival B&Q 's parent company, Kingfisher plc . During the 1980s, the company invested in new technology: the proportion of sales passing through EPOS scanning checkouts rose from 1% to 90%. In November 1983, Sainsbury's purchased 21% of Shaw's Supermarkets ,
2500-583: The Middle East. In April 2006, Asda launched a new trial format called 'Asda Essentials' in Northampton , followed by another in Pontefract a month later. The stores were modelled on France's Leader Price chain, with a smaller floorplate than Asda's mainstream stores and with a primary focus on own-brand products, only stocking branded items that were perceived to be at the "core" of a family's weekly shop with
2600-579: The Midlands-based Thoroughgood chain in 1936. The founder's grandsons Alan Sainsbury (later Lord Sainsbury) and Sir Robert Sainsbury became joint managing directors in 1938, after their father, John Benjamin Sainsbury, had a minor heart attack. In the Second World War , many of the men who worked for Sainsbury's were called to perform National Service and were replaced by women. The war
2700-634: The Nectar app. The Nectar scheme replaced the Sainsbury's Reward Card; accrued points were transferred over. In January 2003, Wm Morrison Supermarkets (trading as Morrisons) made an offer for the Safeway group, prompting a bidding war between the major supermarkets. The Trade and Industry Secretary, Patricia Hewitt , referred the various bids to the Competition Commission , which reported its findings on 26 September. The Commission found that all bids, with
2800-443: The Sainsbury's board would even consider opening its books for due diligence for anything less than 600p per share. Lord Sainsbury of Preston Candover, with just under 3%, was more extreme than his cousin, and refused to sell at any price. He believed any offer at that stage of Sainsbury's recovery was likely to undervalue the business, and with private equity seeking high returns on their investments, saw no reason to sell, given that
2900-439: The Sainsbury's group boasted a twelve-year record of dividend increases, of 20% or more and earnings per share had risen by as much for nearly as long. Also in 1991, the company raised £489 million, in new equity to fund the expansion of supershops. With the advent of out of town shopping complexes during the 1980s, Sainsbury's was one of the many big retail names to open new shops in such complexes – notably with its shop at
3000-458: The UK. Under the plans, Walmart would own 42% of the combined business, which would be led by the existing chief executive of Sainsbury's, Mike Coupe. The group would also open branches of Argos within Asda stores. The merger underwent intense scrutiny by a cross-party group of MPs, chairing select committees for the proposed merger, along with the Competition and Markets Authority, investigating
3100-518: The United Kingdom, instead assuming responsibility for the rest of the group. David Bremner became head of the supermarkets in the United Kingdom. This was "derided" by the city and described as a "fudge". On 14 January 2000 Sainsbury's reversed this decision by announcing the replacement of Adriano by Sir Peter Davis effective from March. Davis was CEO between 2000 and 2004, with his appointment well received by investors and analysts. In his first two years, he exceeded profit targets, although by 2004
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3200-465: The Walmart model, Asda began opening larger 'Hypermarket' (later 'Supercentre') stores as well as introducing pharmacies and cafes to its stores. At the same time, merger discussions were taking place between Asda and other retailers such as Safeway and Kingfisher plc ; both collapsed without an agreement being reached, but in 1999, a second round of discussions with Kingfisher later reached an agreement for
3300-403: The aim being to challenge the dominance of Tesco and Sainsbury's in the convenience store market while at the same time addressing competition from discount supermarkets such as Aldi , Lidl and Netto. On 6 December 2006, The Guardian reported that further planned store openings were under review following poor sales in the existing outlets, while the range of branded products being carried
3400-455: The appointment of two chief executives, one in charge of supermarkets within the United Kingdom (Dino Adriano) and the other responsible for Homebase, and the United States (David Bremner). Finally, in 1998, David Sainsbury himself resigned from the company to pursue a career in politics. He was succeeded as non executive chairman by George Bull, who had been chairman of Diageo , and Adriano
3500-548: The availability problems, Justin King said "Lawrence hadn't seen anything that he hadn't seen before. He just hadn't seen them all in the same place at the same time". In 2006, Christensen commented on the four automated depots introduced by Davis, saying "not a single day went by without one, if not all of them, breaking down... The systems were flawed. They have to stop for four hours every day for maintenance. But because they were constantly breaking down you would be playing catch up. It
3600-596: The coffee shop Living Cafe within some of the stores. The first store with this format opened in Walsall , West Midlands. As at 31 January 2021, there are 33 stores. In 2004, the George clothing brand was extended to a number of standalone George stores on the high street; the first George standalone store to open was in Preston. In 2008, all George standalone stores were closed due to high rental costs resulting in low profitability. In 2011, Asda announced its intention to establish
3700-471: The company and where the company could improve. This reaffirmed the commentary of retail analysts: the group was not ensuring that shelves were fully stocked, due to the failure of the IT systems introduced by Peter Davis . On 19 October 2004, King unveiled the results of the business review and his plans to revive the company's fortunes, in a three-year recovery plan entitled 'Making Sainsbury's Great Again'. This
3800-453: The company decided to slow the roll out down to address the problems associated with a major collapse of profits from its large store formats due to intense competition from its main rivals. But, the company is still continuing to add a combination of fully automated credit/debit card payment only petrol stations and petrol stations with traditional forecourt shops within the car parks of its existing store portfolio and to new store sites. Asda
3900-414: The company in the third quarter of 2024. In September 2024, it was announced that Lord Rose would succeeded Mohsin Issa as CEO and be supported by TDR Capital's Rob Hattrell. Mohsin would retain his ownership stake in Asda, as well as a non-executive director role. He would return to EG Group to be its sole chief executive. In November 2024, Asda announced to staff that they were ordering staff back to
4000-588: The company introduced another informal font in 2005, which is used in a wide range of advertising and literature. In 1999, Sainsbury's acquired an 80.1% share of Egyptian Distribution Group SAE, a retailer in Egypt with one hundred shops and 2,000 employees. However, poor profitability led to the sale of this share in April 2001. On 8 October 1999, the CEO Dino Adriano lost control of the core supermarket business within
4100-429: The company opened seven shops. Two others at Sprucefield , Lisburn, and Holywood Exchange , Belfast would not open until 2003, due to protracted legal challenges. While Sainsbury's outlets in Northern Ireland were all new developments, Tesco (apart from one Tesco Metro) instead purchased existing chains from Associated British Foods (see Tesco Ireland ). In 1992, the long time CEO John Davan Sainsbury retired, and
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4200-440: The company was soon forced to backtrack, introducing its own Reward Card eighteen months later. For much of the 20th century, Sainsbury's had been the market leader in the supermarket sector in the United Kingdom, but in 1995, it lost this position to Tesco. Some new ventures were successful, notably the launch of a retail bank, Sainsbury's Bank , in partnership with Bank of Scotland . In addition to Shaw's, Sainsbury's bought
4300-564: The company was wholly owned by the Sainsbury family. It was at the time the largest ever flotation on the London Stock Exchange ; the company rewarded the smaller bids for shares in order to create as many shareholders as possible. A million shares were set aside for staff, which led to many staff members buying shares that shot up in value. Within one minute the list of applications was closed: £495 million had been offered for £14.5 million available shares. The Sainsbury family at
4400-454: The company's distribution system. Later sales improvements were put down to price cuts and the company's focus on fresh and healthy food. On 2 February 2007, after months of speculation about a private equity bid, CVC Capital Partners , Kohlberg Kravis Roberts (KKR) and Blackstone Group announced that they were considering a bid for Sainsbury's. The consortium grew to include Goldman Sachs and Texas Pacific Group . On 6 March 2007, with
4500-454: The construction of four fully automated depots, which at £100 million each cost four times more than standard depots. In 2001, Sainsbury's moved into its current headquarters at Holborn, London. Sainsbury's previously occupied Stamford House and twelve other buildings around Southwark . The accounting department remained separate at Streatham . The building was designed by architectural firm Foster and Partners , and had been developed on
4600-402: The control of the car parks returned to GVA Grimley and they returned the site to free parking. When the centre introduced the pay and display system around 4,000 people demanded that they remove the pay and display system. Traders at Swinton Shopping Centre said that business had fallen by up to a third since the introduction of pay-and-display in 2005. As of August 2010 the original owner of
4700-467: The core of the Asda Supermarket format. As of 31 January 2021, there are 207 supermarkets. In October 2003, Asda launched a new format called Asda Living . This is the company's first "general merchandise" store, containing all its non-food ranges including clothing, home electronics, toys, homewares, health, and beauty products. With these stores they have linked up with Compass Group who operate
4800-495: The current management, led by Justin King, could deliver the extra profit generated for the benefit of existing investors. He claimed the bid 'brought nothing to the business', and that high levels of debt would significantly weaken the company and its competitive position in the long term, which would have an adverse effect on Sainsbury's stakeholders. On 11 April, the CVC-led consortium abandoned its offer, stating that "it became clear
4900-405: The death of his father, John Benjamin Sainsbury . During the 1950s and 1960s, Sainsbury's was a keen early adopter of self-service supermarkets in the United Kingdom. On a trip to the United States, Alan Sainsbury realised the benefits of self-service shops and believed the future of Sainsbury's was self-service supermarkets of 10,000 sq ft (930 m ), with eventually the added bonus of
5000-518: The exception of Morrison's, would "operate against the public interest". As part of the approval Morrison's was to dispose of 53 of the combined group's shops. In May 2004, Sainsbury's announced that it would acquire fourteen of these shops, thirteen Safeway shops and one Morrison's outlet, located primarily in the Midlands and the North of England. At the end of March 2004, Davis was promoted to chairman and
5100-492: The existing Spar stores at these locations were rebranded to either Asda Express or Asda On the Move. The deal also included ownership of fast-food chain Leon , as well as the purchase of 462 Burger King , Greggs and Subway franchises. In June 2024, Zuber Issa announced he will sell his 22.5% stake in Asda to TDR Capital which would make them the majority owner, controlling 67.5% of
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#17328595965955200-544: The former Mirror Group site for Andersen Consulting (now Accenture ); Sainsbury's acquired the 25-year lease when Accenture pulled out. Sainsbury's was a founding member of the Nectar loyalty card scheme, which was launched in September 2002, in conjunction with Debenhams , Barclaycard and BP ; Debenhams, Barclaycard and BP have all subsequently left the scheme, although until the chain's demise Nectar points continued to be awarded for online purchases at Debenhams made through
5300-406: The fresh food and general merchandise offer within all stores. After reportedly clashing with Roger Burnley and only six months in his post, Lorente left Asda at the end of July 2018. His role was divided up between Burnley and Anthony Hemmerdinger. In April 2018, Sainsbury's and Walmart announced negotiations about a possible merger of Sainsbury's and Asda, creating the largest supermarket chain in
5400-452: The group had suffered a decline in performance relative to its competitors and was demoted to third in the groceries market within the United Kingdom. Davis also oversaw an almost £3 billion upgrade of shops, distribution and IT equipment, entitled 'Business Transformation Programme', but his successor would later reveal that much of this investment was wasted and he failed in his key goal – improving availability. Part of this investment saw
5500-516: The head of parent company Walmart's operations in China. In October 2017, Asda announced that the current CEO, Sean Clarke would be replaced by Roger Burnley , the deputy CEO, from 1 January 2018, and the sixth CEO since 2000. In November 2017, Asda recruited Jesús Lorente, from French hypermarket retailer Carrefour . He became CMO (Chief Merchandising Officer), in January 2018, and was put in charge of
5600-401: The impact of how the deal could negatively affect the retail industry by a possible reduction of consumer choice for shoppers resulting in price rises, and of how suppliers, especially smaller, family-owned companies could be squeezed by the combined group. The CMA were inundated with complaints by suppliers and other major retailers of the damage they felt would be inflicted upon them if the deal
5700-484: The introduction of Asda branded products. In 1985, Asda merged with MFI (Mullard Furniture Industries) and the group was renamed Asda-MFI Group plc. Asda established its headquarters at "Asda House". The site was officially opened in 1988 by the then Prime Minister , Margaret Thatcher . By the end of the 1990s, the 'Asdale'-named clothing range was replaced by the clothing ranges from the newly formed George Davies partnership with Asda. With stores mainly based in
5800-596: The largest overall shareholder is the sovereign wealth fund of Qatar , the Qatar Investment Authority , which holds around 15% of the company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index . Sainsbury's was established as a partnership in 1869, when John James Sainsbury and his wife Mary Ann opened a shop at 173 Drury Lane in Covent Garden, London. Sainsbury started as
5900-486: The major oil companies would not supply fuel to be sold at discount prices. From the early seventies, oil companies such as Mobil, Shell and Texaco supplied fuel to Asda as more supermarkets started to sell fuel from car park forecourts. Since the mid-1990s Asda has supplied, along with its main supermarket rivals, its own fuel delivered by its own tankers to its petrol station forecourts. As of June 2018, Asda operates 319 petrol stations in total, 18 of which are standalone and
6000-545: The market leader when it overtook Sainsbury's, which has since been ranked second or third: it was overtaken by Asda from 2003 to 2014, and again for one month in 2019. In 2018, a planned merger with Asda was blocked by the Competition and Markets Authority over concerns of increased prices for consumers. The holding company, J Sainsbury plc, is split into three divisions: Sainsbury's Supermarkets Ltd ( including convenience shops ), Sainsbury's Bank , and Argos . As of 2021,
6100-681: The mid-1960s of the GEM retail group. The Government Exchange Mart stores in Preston, Lancashire , Cross Gates, Leeds and West Bridgford , Nottinghamshire , had accumulated losses of £320,000 and offered to sell the stores for 20% of whatever Asda could recoup as losses from the Inland Revenue . They received the whole amount back. The rent was only 10 shillings (50p) per square foot on a 20-year lease, with no rent reviews, Asda increased GEM's £6,000 per week sales to around £60,000 per week in just six months with
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#17328595965956200-480: The most successful turnarounds in British retail history. Norman succeeded Gillam as chairman upon the latter's retirement in 1996, appointing then-deputy Allan Leighton as chief executive, and began to remodel Asda's stores along the lines of Walmart , the world's largest retailer. Leighton travelled to Bentonville, Arkansas , to assess and photograph the systems and marketing deployed by Walmart. In 1998, following
6300-634: The new stores named as Asda. During the 1970s, with over 30 stores in the north of England, Asda began expanding south, with the opening of new stores in the Estover area of Plymouth , Devon and Gosport , Hampshire in 1977. In 1978, Asda acquired Allied Carpets . In 1982, the first London store opened in Park Royal , near Ealing . The Isle of Dogs and Charlton, London stores followed on rapidly thereafter. In 1984, managing director, John Hardman, made attempts to halt Asda's decline, which included
6400-400: The offer was rejected. On 9 April, the indicative offer was raised to 582p a share, however this too was rejected. This meant the consortium could not satisfy its own preconditions for a bid, most importantly 75% shareholder support; the combined Sainsbury family holding at the time was 18%. Lord Sainsbury of Turville, who then held 7.75% of Sainsbury's, stated that he could see no reason why
6500-400: The office at least three days a week and cutting head office jobs in an attempt to halt the supermarket’s decline. Following the takeover by Walmart, several "Asda Walmart Supercentres" opened, creating some of the largest hypermarkets in the United Kingdom. Since 2006, all new Supercentres have been solely branded as Asda Supercentre without the Walmart branding. The first Supercentre with
6600-538: The old indoor market at Edlington . Both stores traded under the name of 'Queens'. Their next store was a purpose-built supermarket in South Elmsall , a town in which Asda has a distribution centre to this day. In 1965, the Asquith brothers approached Associated Dairies to run the butchery departments within their small store chain. A merger was proposed and the Asquiths' business was joined with Noel Stockdale 's to form
6700-470: The others mostly within the car park area of its stores. Sainsbury%27s J Sainsbury plc , trading as Sainsbury's , 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. In 1995, Tesco became
6800-603: The pace of new supershops construction would slow down, and that it would write down the value of some of its properties. In 1994, Sainsbury's announced a new town centre format, Sainsbury's Central, again a response to Tesco's Metro, which was already established in five locations. Also in 1994, Sainsbury's lost the takeover battle for William Low (like Tesco, Sainsbury's had long been under-represented in Scotland). Also that year, David Sainsbury dismissed Tesco's clubcard initiative as 'an electronic version of Green Shield Stamps ';
6900-494: The purchase of the 193 UK stores of Danish discount retailer Netto in a £778 million deal. But the Competition Commission made them sell off 47 of the stores to other retailers. The remaining stores continued to trade as Netto stores until early 2011, when Asda integrated the stores into its supermarkets division, designated for shops smaller than 2,300 m (25,000 sq ft). These former Netto stores form
7000-531: The recession and the reining in of spending by consumers on non-food purchases. On 11 May 2010, Andy Clarke , the chief operating officer, was appointed as CEO. In the same month Asda bought the original Netto UK supermarket chain in a £778 million deal. In February 2011, Asda announced the purchase of six stores from Focus DIY ; five of these were converted into supermarkets later that year. On 16 April 2012, Asda launched their Android grocery shopping app and mobile website for non-grocery items with
7100-541: The reluctance to move into non-food retailing, the indecision between whether to go for quality or for value, "the sometimes brutal treatment of suppliers" which led to suppliers favouring Tesco over Sainsbury's, and an unsuccessful advertising campaign fronted by John Cleese . At the end of 1993, it announced price cuts on three hundred of its most popular own label lines. Significantly, this came three months after Tesco had launched its line Tesco Value . A few months later, Sainsbury's announced that margins had fallen, that
7200-587: The same time, a group of West Riding dairy farmers, including the Stockdale family and Craven Dairies, joined under the banner of J. W. Hindell Dairy Farmers Ltd. The company diversified in 1949 to become Associated Dairies and Farm Stores Ltd, with Arthur Stockdale as the managing director. In 1963, the Asquith brothers converted an old cinema, the Queens in Castleford , into a self-service supermarket. Another followed in
7300-459: The second largest retailer of groceries in the northeastern United States (primarily in New England). In June 1987, Sainsbury's acquired the rest of the company. In 1985, the chairman reported that over the preceding 10 years profits had grown from £15 million to over £168 million, a compound annual rise of 30.4% – after allowing for inflation a real annual growth rate of 17.6%. In 1991,
7400-498: The site, GVA Grimley, has regained control of the land and parking meters were removed from the centre. The precinct is mainly on ground floor level and easily accessible for disabled patrons via the main entrance on Station Road (B5231). The centre was rebranded "Swinton Square" in 2014. Swinton Square has many shops that focus in these areas: Swinton Square operated a small open air market until recent times every Tuesday, Thursday, Friday and Saturday from 9.00am until 4.30pm. It
7500-461: The supermarkets. It was listed on the London Stock Exchange until 1999 when it was acquired by Walmart for £6.7 billion. Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014 by market share, at which point it fell into third place. As of August 2024, its market share in the UK is 12.6 per cent. Besides its core supermarkets, the company also acts as
7600-410: The takeover, Norman resigned as chairman and left the company to pursue his political career; he was succeeded as chairman by Leighton. As Walmart were keen on entering the British market, Bob Martin, Walmart's president of international operations, lobbied Prime Minister Tony Blair on planning issues. In 2005, amid reported concerns within Walmart about a slippage in market share, partially due to
7700-653: The time retained 85% of the firm's shares. Most of the senior positions were held by family members. John Davan Sainsbury (later Lord Sainsbury of Preston Candover ), a member of the fourth generation of the founding family, took over the chairmanship from his uncle Sir Robert Sainsbury in 1969, who had been chairman for two years from 1967 following Alan Sainsbury's retirement. Sainsbury's started to replace its 10,000 sq ft (930 m ) High Street shops with self-service supermarkets above 20,000 sq ft (1,900 m ), which were either in out of town locations or in regenerated town centres. Sainsbury's policy
7800-453: Was a declining customer base, which was mainly caused by Asda's focus on moving upmarket resulting in prices rising to levels significantly higher than competitors. Eventually, a combination of flagging profits, a tremendous debt and a loss of customers left Asda in such an egregious financial situation that they came very close to breaching their banking covenants; at one point, they almost entered administration . The company's first response
7900-539: Was a difficult time for Sainsbury's, as most of its shops were trading in the London area and were bombed or damaged. Turnover fell to half the prewar level. Food was rationed, and one particular shop in East Grinstead was so badly damaged on Friday 9 July 1943 that it had to move to the local church, temporarily, while a new one was built. This shop was not completed until 1951. In 1956, Alan Sainsbury became chairman after
8000-465: Was a vicious circle." Christensen said a fundamental mistake was to build four such depots at once, rather than building one which could be thoroughly tested before progressing with the others. In 2007, Sainsbury's announced a further £12 million investment in its depots to keep pace with sales growth and the removal of the failed automated systems from its depots. In addition, it did a deal with IBM to upgrade its Electronic Point of Sale systems as
8100-447: Was also being expanded due to customer demand. In January 2007 it was announced that the original Northampton trial store would close within a month after only 10 months of trading. In 2012, Asda trialled a new standalone petrol filling station format (which means that they are not attached to or near an existing Asda store) at two locations in Sale, Greater Manchester and Leeds Bridge, which
8200-501: Was also the first supermarket chain in the United Kingdom to sell petrol at its old Halifax store in 1967, which at the time was located inside a converted mill in Battinson Road which burnt down during a major fire in 1982, and subsequently reopened as a purpose-built store in 1983, without the petrol station. The store moved to a different site in 2004. Back then its forecourt fuel was supplied by discount Russian supplier Nafta, because
8300-469: Was approved. On 25 April 2019 the CMA blocked the proposed merger, suggesting that it would increase prices for consumers and make competition unfair for the other UK retailers, Sainsbury's then announced that it was abandoning the merger. In February 2021, Mohsin Issa , Zuber Issa and TDR Capital acquired Asda, which at the time was valued at £6.8 billion. Walmart retained "an equity investment" in Asda,
8400-647: Was decided that a separate brand was no longer needed, and the shops were converted to the regular Sainsbury's supershop format in September 1999. Sainsbury's diversified further in 1979, forming a joint venture with the Belgian retailer, GB-Inno-BM, to set up a chain of do-it-yourself shops under the Homebase name. Sainsbury's also trebled the size of its Homebase do it yourself business during 1996, by merging its business with Texas Homecare , which it acquired in January 1995 from Ladbroke for £290 million. Sainsbury's sold
8500-436: Was forced to quit in the face of an impending shareholder revolt, over his salary and bonuses. Investors were angered by a bonus share award of over £2 million, despite poor company performance. On 19 July 2004, Davis' replacement Philip Hampton, was appointed as chairman. King ordered a direct mail campaign to one million Sainsbury's customers as part of his six-month business review, asking them what they wanted from
8600-415: Was generally well received by both the stock market and the media. Immediate plans included laying off over 750 headquarters staff, and the recruitment of around 3,000 shop floor staff, to improve the quality of service and address the firm's main problem: stock availability. The aim would be to increase sales revenue by £2.5 billion by the financial year ending March 2008. Another significant announcement
8700-428: Was important as there was no refrigeration. By the time John James Sainsbury died in 1928, there were over 128 shops. He was replaced by his eldest son, John Benjamin Sainsbury , who had gone into partnership with his father in 1915. During the 1930s and 1940s, the company continued to refine its product offerings and maintain its leadership in terms of shop design, convenience, and cleanliness. The company acquired
8800-452: Was incorporated as the private company 'J. Sainsbury Limited'. Groceries were introduced in 1903, when John James purchased a grocer's branch at 12 Kingsland High Street, Dalston . Every shop offered home delivery, as there were fewer cars in those days. Sites were carefully chosen, with a central position in a parade selected in preference to a corner shop. This allowed a larger display of products, which could be kept cooler in summer, which
8900-483: Was located in one of the large spaces that the precinct has. In recent years the market has had a stand-alone roof fitted over the market stalls. Swinton Library was located next to the centre of the development and was built in 1969, opening in 1970 in a large building which also housed the Lancastrian Hall on Chorley Road at the corner of Station Road. The Lancastrian Hall had been closed a number of years before as
9000-486: Was originally built in 1992 as a Safeway UK store, until Morrisons acquired the Safeway chain in 2004. The store was eventually rebranded to Morrisons in November 2005. Swinton Shopping Centre decided to introduce pay and display parking in 2005 until 2010 for the use of the three car packs that are on the site. They are open to members of the public 24 hours a day and seven days a week, including public holidays . In 2010
9100-518: Was promoted to be group chief executive. In June 1999, Sainsbury's unveiled its new corporate identity . This was developed by 20/20 Design and Strategy, and included The strapline was dropped in May 2005, and replaced in September of that year by "Try something new today." This new brand statement was created by Abbott Mead Vickers BBDO . While the Interstate font was used almost exclusively for many years,
9200-493: Was rejected by the Competition and Markets Authority . As of June 2024, the company is majority owned by TDR Capital following the sale of Zuber Issa's 22.5 per cent holding to the company. The Asquith family were butchers based in Knottingley , Wakefield , West Yorkshire. In the 1920s, they expanded their business to seven butchers shops in the area. Their sons, Peter and Fred, later became founding members of Asda. Around
9300-564: Was replaced as CEO by Justin King . King joined Sainsbury's from Marks & Spencer where he was a director with responsibility for its food division and Kings Super Markets, Inc. subsidiary in the United States. Schooled in Solihull near Birmingham, and a graduate of the University of Bath, where he took a business administration degree, King was also previously a managing director at Asda with responsibility for hypermarkets. In June 2004, Davis
9400-436: Was reported that the Issa brothers and TDR Capital had together contributed just £200 million for their purchase of Asda, worth £6.8 billion; the majority of the purchase price was funded by a loan from the parent company of heavily indebted EG Group , and by disposing of Asda assets. In October 2023, Asda completed a £2.27 billion acquisition of EG Group property, this mainly consisting of 356 forecourt sites, where
9500-424: Was succeeded as chairman and chief executive by his cousin, David Sainsbury (later Lord Sainsbury of Turville ); this brought about a change in management style – David was more consensual and less hierarchical, but not in strategy or in corporate beliefs about the company's place in the market. Mistakes by David Sainsbury and his successors, Dino Adriano and Peter Davis , included the rejection of loyalty cards,
9600-420: Was the halving of the dividend to increase funds available for price cuts and quality. King hired Lawrence Christensen as supply chain director in 2004. Previously he was an expert in logistics at Safeway , but left following its takeover by Morrisons . Immediate supply chain improvements included the reactivation of two distribution centres. At the time of the business review on 19 October 2004, referring to
9700-515: Was the largest store at the time with a sales area of 10,000 m (110,000 sq ft) but is currently the second largest Asda Supercentre, and the third largest is located in Minworth , West Midlands, followed by Patchway. As of 31 January 2021, there are 32 Supercentres. Asda superstores are large supermarkets with a non-food offer slightly smaller than an Asda Supercentre. As of 31 January 2021, there are 342 superstores. Most superstores have
9800-496: Was to buy Irish retailer Dunnes Stores . In August 2009, Walmart sold Asda for £6.9 billion to its Leeds-based investment subsidiary Corinth Services Limited. The deal was described as part of a "group restructuring" and meant Asda remained under the control of Walmart, since Corinth is itself a Walmart subsidiary. In April 2010, Asda announced plans to open over 100 new non-food stores as part of an ambitious five-year plan. These plans were mothballed shortly after because of
9900-523: Was to change its management; chairman John Hardman was ousted in June 1991 and was replaced by Patrick Gillam, and Archie Norman was appointed chief executive in October. Asda then completed a rights issue in November 1991 that raised £357 million and cut the company's debts to £668 million. In May 1992, Asda reduced their prices back to their traditional level (5–7% below competitors) and announced that they would eliminate over 500 management positions. Underperforming stores were initially converted to
10000-611: Was to invest in uniform, well designed shops with a strong emphasis on quality; its slogan was "good food costs less at Sainsbury's". During the 1970s, the average size of Sainsbury's shops rose from 10,000 sq ft (930 m ) to around 18,000 sq ft (1,700 m ); the first edge of town shop, with 24,000 sq ft (2,200 m ) of selling space, was opened at Coldhams Lane in Cambridge in 1974. The last counter service branch closed in Peckham in 1982. To participate in
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