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Consumer. J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom. [ 2] 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.
Supermarket Direct. Supermarket Direct was a pioneering online grocer, providing a home grocery shopping and delivery service in London from October 1995. [1] The company sold Sainsbury's -provided groceries until it was bought by Somerfield and integrated into the Somerfield Direct home shopping service. [2]
The food retail market has been dominated by the 'big four' supermarkets – Tesco, Sainsbury's, Asda and Morrisons – who made up over three quarters of sector market share in 2010. Tesco is the largest retailer in Great Britain, with a market share of 27.5% at the end of 2022. [ a][ 1] However, discounters Lidl and Aldi have grown rapidly. [ 1]
This was decided after a significant profit fall, and also to boost the popularity of their online shop. [24] Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs.
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.
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