Sainsbury’s, a UK retailing major, has unveiled a strategic update, dubbed “Next Level Sainsbury’s”, aimed at building on the momentum from its successful Food First strategy launched in November 2020. This new strategy is designed to deliver further grocery market share gains, strengthen the Nectar loyalty platform, expand Argos’s offerings, and achieve significant cost savings, […]
Sainsbury’s, a UK-based supermarket retailer, has partnered with Tata Consultancy Services (TCS), an Indian multinational information technology services and consulting company, to fast-track its business growth. Tata Consultancy Services, through the new multi-year partnership, will integrate and revamp the IT infrastructure of Sainsbury’s into a modern hybrid cloud stack deploying TCS Enterprise Cloud. Being a […]
The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two supermarket chains could impact competition for shoppers. The CMA probe into […]
Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]
New tech jobs at Argos : British catalogue retailer Argos, a subsidiary of supermarket company Sainsbury’s, said that it will add 150 new tech jobs to support its growing digital business with an aim to further improve the shopping experience of its customers. The new 150 roles will be for technology and digital specialists in […]
Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain. The potential Sainsbury’s and Asda merger has been confirmed by the former on Saturday, reported Reuters. Sainsbury’s is currently in advanced […]