The retailer is one of the big four supermarkets in the UK. They have several businesses including financial services and property development.
Classic. Not sure why they are on the way down. Has anyone got any discussion points please?
Because the German retailers are slowly destroying Sainsburys and Tesco.
Yep, squeezed by Aldi/Lidl at the low end and by Ocado at the high end, leaves them in a mid-market position that really doesn’t play well in a COVID market.
Sainburys ripe for a takeover/merger as it owns Argos too. Plenty of store space to combine brands/offerings and that’s the appeal for me going forward.
Worth looking at their IMS presentation here: https://www.about.sainsburys.co.uk/~/media/Files/S/Sainsburys/documents/reports-and-presentations/2021/FY21%20Q3%20Slide%20deck%20final.pdf
I also recently brought some on the combination of argos being a winner in lockdown and divi is always good.
Take over talk is outplayed… They tried that with Asda but that got stopped.
Sainbury, M&S PLC float your boat?
Like it… That would be wonderful … M&S super grow there food side and sains get the online ocado side…
Would leave a lot of empty high streets…