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Justin King has picked his moment to leave supermarkets stage | |
(about 7 hours later) | |
Outlook Timing is key for all the best showmen. And there are few better in front of a crowd than Sainsbury's Justin King. His exit in July could prove his canniest act yet. | Outlook Timing is key for all the best showmen. And there are few better in front of a crowd than Sainsbury's Justin King. His exit in July could prove his canniest act yet. |
Sainsbury's like-for-like sales have ground to a halt, Lidl and Aldi are pulling in the middle classes in ever bigger numbers, a supermarket price war is on its way and interest rates will rise within a year. Tesco, for all its troubles, is far ahead on convenience stores and online, where the growth is. | Sainsbury's like-for-like sales have ground to a halt, Lidl and Aldi are pulling in the middle classes in ever bigger numbers, a supermarket price war is on its way and interest rates will rise within a year. Tesco, for all its troubles, is far ahead on convenience stores and online, where the growth is. |
It's a long term, and risky, turnaround play, but surely Tesco is a better investment than Sainsbury. Perhaps that's why, for all the narrative that Tesco is in decline and Sainsbury's is on the up, Sainsbury's shares are still cheaper, relative to earnings. | It's a long term, and risky, turnaround play, but surely Tesco is a better investment than Sainsbury. Perhaps that's why, for all the narrative that Tesco is in decline and Sainsbury's is on the up, Sainsbury's shares are still cheaper, relative to earnings. |
Such weaknesses get overlooked in the sparkle of Mr King's presentational panache. His understudy Mike Coupe had better start pointing them out sharpish, or he'll end up copping the blame. | Such weaknesses get overlooked in the sparkle of Mr King's presentational panache. His understudy Mike Coupe had better start pointing them out sharpish, or he'll end up copping the blame. |
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