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Chairman's Report for Sainsbury's

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Introduction

Portfolio: Chairman's Report - Sainsbury's Supermarket 1. Chairman's Report Overview Page 3 2. Legal Influences Page 4 3. Legislation Page 4 I am pleased to announce that Sainsbury's and completed another successful financial year, we end it with great prospects and having learnt a lot we can continue to put into practice our marketing strategies and maintain improving the business. Ensuring we maintain a positive outlook towards the future, we can keep a consistency in sustaining healthy profit margins with a lot of potential and room to excel. We welcomed John David Tranfield to the Board in January. John has a wide business background with particular recent experience focusing on consumers and health. He is a great addition to the Board. Andy Green stepped down as a Non-Executive Director in February after two three-year terms. I would like to thank him for his hard work and excellent contribution to the board during a period of significant change for the company. Our strong performance was delivered despite potential takeover speculation in the last quarter of the year. The Board received a number of proposals from private equity groups all of which were subject to a number of pre-conditions. The Groups concluded they could not be satisfied and decided to withdraw. The Board did not receive a formal bid approach capable of being put to shareholders. ...read more.

Middle

basically translates into jargon which means that a business like Sainsbury's has to be very careful and considerate when producing products and services, ensuring all costs are paid for whilst using safe, well made products to end up with a safe sturdy product. However whilst doing all of this, they must also ensure all employees are paid for, and being treated fairly in satisfactory conditions. Trading Stamp Schemes: "On 6th April 2005 the Trading Stamps Act 1964 was repealed by the Regulatory Reform (Trading Stamps) Order 2005. While there is no longer any legislation directly targeting trading stamp schemes, such schemes will continue to be governed by consumer legislation generally" - Releasing Sainsbury's from extra hassle and obligation in this field. Sunday and Christmas Day Shopping: "The Sunday Trading Act 1994 and the Christmas Day (Trading) Act 2004 regulate opening hours of large shops on Sundays and Christmas Day. The Sunday Trading Act also prohibits large shops from opening on Easter Sunday" This rule will apply to Sainsbury's as they are a large store with many of them, therefore they can only open for 6 hours on any Sunday allowing only 6 hours buying time for customers. Other stores will also have this rule e.g. Tesco's, Asda and Woolworths etc... Unsolicited Items: "Under the Unsolicited Goods and Services Act 1971, (as amended) it is an offence to demand payment for goods known to be unsolicited, in other words, they were sent to a person without any prior request made by them or on their behalf. ...read more.

Conclusion

Economic factors - relate to changes in the wider economy. A growing economy provides greater opportunities for businesses to make profits, so businesses welcome rising living standards. Political factors - relate to ways in which changes in government and government policy can influence business. Technological factors - provide opportunities for businesses to adopt new breakthroughs, innovations, and inventions to cut costs and develop new products. A business producing confectionery like Cadbury Schweppes examines SLEPT factors in designing new products. For example, social factors that it needs to be aware of include changing patterns of eating. Today many consumers like to eat 'on the go' so bite sized chocolate treats are in great demand to top up consumers energy supplies. Legal factors to be kept an eye on include European Union regulations about the content of products that can be advertised as chocolate. Economic factors relate to changes in living standards and how these affect consumptions patterns. Technological change is particularly important today, for example, the development of new technologies that have enabled variations on chocolate bars to be produced in an ice cream format. Political changes are closely tied up with economic ones and relate to changing governmental influence. For example, a change from a Labour to a Conservative government would affect taxation policies which would impact on the cost of chocolate production. Environmental scanning - is the process whereby businesses examine the external environment to identify key structural changes in the world around them which affect demand and supply conditions for their products. ?? ?? ?? ?? - 1 - ...read more.

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