Cable Forum - Sainsbury's and Asda in talks about £10bn grocery merger

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Re: Sainsbury's and Asda in talks about £10bn grocery merger

I'll agree to disagree on that. You seem to be blinkered in your view of ASDA stores perhaps due to your own experience. Back in the 70's I worked at what was then the largest ASDA in Lancashire. Even compared to stores now it is more than large enough.

You still haven't convinced me that a change from ASDA to Sainsbury's will cost £5m per store. Where did you pluck that figure from?

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by pip08456 (Post 35945177)

I'll agree to disagree on that. You seem to be blinkered in your view of ASDA stores perhaps due to your own experience. Back in the 70's I worked at what was then the largest ASDA in Lancashire. Even compared to stores now it is more than large enough.

You still haven't convinced me that a change from ASDA to Sainsbury's will cost £5m per store. Where did you pluck that figure from?

A lick of paint , a few different signs , a few other things and Bobs your uncle for a few thousand pip.;)

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by denphone (Post 35945156)

The merger has to happen yet as there is likely to be the biggest competition inquiry in in a long time as there are considerable barriers which have to be overcome first.

https://www.theguardian.com/business...urys-asda-deal

https://www.bloomberg.com/gadfly/art...mean-it-should

https://www.ft.com/content/cc583a5e-...e-22951a2d8493

This could be a big stumbling block for this proposed merger.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by denphone (Post 35945178)

A lick of paint , a few different signs , a few other things and Bobs your uncle for a few thousand pip.;)

I'm a painter and decorator, I know that.:D

I've worked on store & pub refurbs too.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by pip08456 (Post 35945177)

You still haven't convinced me that a change from ASDA to Sainsbury's will cost £5m per store. Where did you pluck that figure from?

I can't say but I can assure you it is a very accurate figure

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by General Maximus (Post 35945183)

I can't say but I can assure you it is a very accurate figure

Have you got any proof of this General?.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by denphone (Post 35945184)

Have you got any proof of this General?.

Around my local area it would be Sainsbury's that needed to invest in store updates so I'm not sure what his proof could be. There is quite a few Asda stores which have already had million pound store updates in the last 5 years.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by denphone (Post 35945184)

Have you got any proof of this General?.

It's classified

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by Gavin78 (Post 35945161)

The snobbery in this thread makes me laugh from the "lower end working class types" shopping at Asda to the Sainsbury's upper class making out it's some kind of prestige place to go shopping. I've shopped at all 3 of the big stores I wouldn't rate Sainsbury's any better than the other 2. If anything I find it's prices are slightly on the higher side compared to the other 2 and the stores seems lacking when it comes to over all products be that food/every day items or electrical.

I've also noticed Sainsbury's tend to have their stores on the posher areas hence the prices.

On the other hand Morrison's tend to be ok to shop at.

The business analysists on the BBC news seem to concur that the general demographic of both retailers are at polar opposite ends of the spectrum.

I agree with GM about Asda thinking that customers will forgive all shortcomings if prices are low and doing everything as cheaply as possible. Whenever i've had a problem they just initially tried to throw a paltry £5 at me instead of sorting it out!

I simply used the £15 voucher that I ended up getting (it was like pulling teeth) and shopped elsewhere.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

I believe ALDI pay their staff higher wages than the other larger richer Super Markets!

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Yeah, i think Aldi is £8.50ph and the others are minimum wage.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by General Maximus (Post 35945197)

Yeah, i think Aldi is £8.50ph and the others are minimum wage.

Tesco will be paying £8.42 an hour by November 2018 while Sainsbury’s is intent on increasing the hourly pay for their workers.

http://www.bbc.co.uk/news/business-40386827

https://www.retailgazette.co.uk/blog...paying-grocer/

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Our local Sainsburys is currently under going a minor refurb to add a Argos into it.

It could be fun in seeing if the Sainsburys store sell similar products that Argos sells at different prices.

The question now is which one of the 2 Argos stores that we have will get the axe.

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by General Maximus (Post 35945197)

Yeah, i think Aldi is £8.50ph and the others are minimum wage.

https://www.thegrocer.co.uk/people/p...556212.article

Quote:

1. Aldi: £8.85 (£10.20 in London)

Top of the charts is Aldi, which bumped up its staff’s pay to £8.85 an hour after its UK sales exceeded £10bn for the first time earlier this year. Its pay rate surpasses the national minimum living wage by more than £1, and the Living Wage Foundation’s higher recommended rate of £8.45. “We remain committed to being the best supermarket employer in Britain,” said Aldi UK CEO Matthew Barnes. “This means that we will continue to provide employees with rates of pay and benefits that are the highest in the supermarket sector.”

2. Lidl: £8.75 (£10.20 in London)

A close second is rival discounter Lidl, which increased its basic pay from £8.45 to £8.75 this March, following an increase in the Living Wage Foundation’s recommended rate. “As the fastest growing supermarket our business is continuing to go from strength to strength, and it’s only right that we show our commitment to our colleagues in the same way that they commit to the business and our customers each and every day,” said Christian Härtnagel, Lidl’s UK chief executive.

3. Morrisons: £8.70/hour

Another supermarket comfortably surpassing the national living wage is Morrisons, where pay for frontline colleagues has increased by 27% in three years. In response to George Osborne’s bid to raise minimum salaries, it pushed up hourly rates by 20% from £6.83 to £8.20. Last April it heralded another increase to £8.50 an hour, to make it as of then the highest paying of the big four. From this April pay will increase to £8.70 per hour.

4. M&S: £8.50/hour (£9.65 in Greater London)

M&S pushed up rates following a major pay review in September 2016. Standard hourly pay rose by nearly 15% from £7.41 to £8.50 in April 2017, with more than an extra £1 for Londoners. There was a sting in the tail in the form of axing premium payments for Sunday working, plus introducing one standard rate for bank holidays, but M&S said the “vast majority of colleagues” would be better off under the new terms. “Our people will be amont the highest paid in UK retail and receive one of the best benefits packages,” said M&S retail director Sacha Berendji. “The changes will reward our people in a fair and consistent way, simplify and modernise our business, and help us attract and retain the best talent so we can continue to provide great service for our customers.”

4. Asda: £8.50/hour

Joint fourth is Asda, which raised its pay to £8.50 an hour in October, in return for staff accepting a “flexible” contract that required them to be available to work during bank holidays and not be paid for breaks. Asda said 95% of employees would be better off under the new contract, and the changes gained the backing of union GMB.

6. Tesco: £8.02/hour

The UK’s largest supermarket currently has one of the lowest pay rates in the market. However, it is the only one to have committed to wage increases up to 2020.

Hourly rates went up from £7.62/hour to £8.02 in November and will rise again to £8.18 in July 2018 before increasing to £8.42 in November, as part of a staggered deal. Wages will reach £9.52 by 2020 (but only if you take into account its benefits package, which includes colleague bonus plan and pension). On the flip side, premiums for overtime and Sunday working stay at time-and-a-half until 2020 but will subsequently be cut to time-and-a-quarter. Tesco calculated 97% of staff would be better off under the changes.

7. Sainsbury’s: £8/hour (but rising to £9 as of September)

Sainsbury’s pay rate is one of the lowest among the supermarkets at the moment, but this is set to change. In March, the retailer announced it will take its basic pay up to £9.20 from September, which will make it the highest-paying supermarket on this list. London rates will increase to £9.80/hour at the same time.

8. Iceland: £7.83 per hour (£8.61 within M25)

Re: Sainsbury's and Asda in talks about £10bn grocery merger

Quote:

Originally Posted by denphone (Post 35945199)

Tesco will be paying £8.42 an hour by November 2018 while Sainsbury’s is intent on increasing the hourly pay for their workers.

It isn't as straight forward as it sounds. Asda is trying to make it look like it is doing the same however afaik the increased pay rates with Asda, Tescos and Sainsburys aren't just straight forward increases in pay, they involve a contract change to move you onto a flexible working contract (different shift patterns every week) and reduced holiday allowance as well as some other changes like unpaid breaks etc.