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Essay example - "Evaluate Sainsbury plc's financial strategy"
Finance & Accounting
Pages 7 (1757 words)
5th December 2012 Sainsbury plc’s financial strategy As the competition becomes stiff for local firms and international companies, various strategies have been put in place with an aim of putting at bay the competitors and increasing the company profitability…
Extract of sample
Sainsbury's is headquartered in Holborn Circus. To ensure that its products are effectively distributed in the local and neighboring markets, the supermarket has established a number of subsidiaries in the UK market. Under the leadership of David Tyler and Justin King the company chairman and chief executive respectively, Sainsbury’s has more than 150,000 employees. This has resulted to a significant increment on the company revenue that stood at ?21.102 billion in 2011. This paper, evaluate Sainsbury plc’s financial strategy by analyzing its financial performance in the last few years. To expand its customer’s base and generate more revenue that is needed to undertake its operations, Sainsbury's has opened a number of stores, supermarkets and a significant number of hypermarkets. To ensure that the supermarket is financial strong to cater for its short-term and long-term liabilities, Sainsbury's operates Sainsbury's Bank whose key objectives is to sell financial products. One of the major factors that Sainsbury's has adopted to enhance its financial performance was the formation of a joint venture with Lloyds Banking Company among other firms. Major strategies that Sainsbury's has adopted to strengthen its financial position is merger and acquisitions (Adizes 35). As depicted earlier, the supermarket generated total revenue of ?21.102 billion in 2011. ...
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