Similar to Tesco Sainsbury's is one of the largest chain of supermarkets in the United Kingdom and has market share of 16.9% in the sector.
Sales ($ Bn): 39.6
Profits ($ Bn): 0.053
Assets ($ Bn): 26.7
Market Value ($ Bn): 7.5
This company was pioneer of self-servicing stores in United Kingdom. It was founded in 1869 by John James Sainsbury starting from a shop in Drury Lane, London. From there the company became the largest grocery retailer in the UK but was overtook by Tesco in 1995. J Sainsbury is the holding company of the group headquartered in London and is divided into three divisions, Sainsbury's Supermarkets Ltd, Sainsbury's Convenience and Sainsbury's Bank.
Current largest individual stake holder in the company is Sainsbury family’s Lord Sainsbury of Turville with 4.99%. Since divesture and restructuring this company has improved its operating performance and is ranked above Tesco even though Tesco is much larger in terms of revenues. The Sainsbury brand is quite famous in the U.K and this company plans to leverage the brand diversifying into Sainsbury Café, hotels and has much interest in real-estate too. Like Tesco it also has plethora of private labels and pricing power. In 2014 it recorded revenue of $39.6 billion. Following a single brand strategy Sainsbury has potential to divest in any ancillary business and give competition to its market leaders. Also its financial division is much more than controlling function and one of the reason for its high market capitalization is the huge investments made by financial division giving them ability to compete in economic downturns.