J Sainsbury PLC

J Sainsbury Plc engages in the retailing, financial services, and property investment businesses. It operates through the following segments: Retail-Food, Retail-General Merchandise and Clothing, and Financial Services. The Retail segment distributes food, general merchandise, and clothing. The Financial Services segment includes Sainsbury's Bank Plc and Argos Financial Services entities. The company was founded by John James Sainsbury and Mary Ann Sainsbury in 1869 and is headquartered in London, the United Kingdom.

Sainsbury's plc (LON: SBRY) swung to a pre-tax loss in the first six months of fiscal 2021 due to higher costs attributed to the Coronavirus pandemic. Shares of the company were reported about 0.5% up in premarket trading on Thursday.

Sainsbury's swings to £137 million of pre-tax loss in the fiscal first half

Britain's second-biggest grocer Sainsbury's has said it will cut 3,500 jobs and close 80% of standalone stores belonging to Argos, the catalog retail chain it bought in 2016. The job cuts will mostly fall at the Argos stores, but they will also be lost in branches of Sainsbury's, where the grocer is closing all deli, fish, and meat counters.

British grocer Sainsbury's is cutting 3,500 jobs and closing more than 80% of Argos stores

Beyond Meat

The company is being just as assertive expanding its presence abroad as it is in the U.S.

Beyond Meat Boosts Presence in the U.K. With New Partners Sainsbury and Gourmet Burger

Beyond Meat said on Thursday it has rolled out its plant-based meat burger in 372 Sainsbury stores and 41 Gourmet Burger Kitchen restaurants, in a move to boost its presence in the United Kingdom.

Beyond Meat partners with supermarket Sainsbury to boost UK presence

Sainsbury’s (LON: SBRY) said on Wednesday that its underlying retail sales came in 8.2% higher in the first quarter as compared to the same quarter last year.

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