UK supermarkets giant Sainsbury’s is to cut jobs with 1,150 roles at risk. It's restructuring in order to invest in its food ops and a number of departments will be affected, including clothing and general merchandise.
Ssupermarkets have come out as the retail winners from the coronavirus crisis. They’re now looking to the post-lockdown period and Morrisons will use the opportunity to boost sales of its Nutmeg fashion and home label.
Debenhams continues to face major challenges and is still to close nearly 30 of its stores, but the company is moving fast to make sure it gets its messaging right and has made a second senior hire in marketing.
Sainsbury’s CEO Mike Coupe, has bowed to the inevitable and is stepping down from his role in May. He’s being replaced by current Retail and Operations Director Simon Roberts, who’s been at the firm for three years.
There was good news and bad from UK supermarkets giant Sainsbury's on Wednesday as the company’s third-quarter trading statement (the 15 weeks to January 4) showed weak sales, although fashion was stronger.