• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Sainsbury's Ownership.

Extracts from this document...


Sainsbury's is a Public Limited Company (PLC). This means that the general public are able to purchase shares in this company from the stock exchange. Such companies may at times elect to offer an issue of shares for sale (called a rights issue) in order to acquire fresh capital for expansion or to fund new projects or takeover bids etc. PLC's tend to be in "the big league". "Money makes money" and many PLC's take the form of multiples - companies with many branches, stores or outlets - that have steadily grown over the years by acquiring other companies or by building new factories or shops. Sainsbury's started off as a dairy shop at 173 Drury Lane London in 1869. John James and Mary Ann Sainsbury's owned it. ...read more.


In 1882 John James opened his first branch in the suburbs of Croydon. This shop sold "high class" products and was more sophisticated than previous shops. Towards the end of the Victorian period competition from large national multiple retailers such as Lipton's almost caused the Sainsbury's downfall. John James found it necessary to increase his rates of expansion so he would be able to by goods as competitively as companies like Lipton's. Between 1890 and 1900 the Sainsbury's branches trebled from 16 to 48. Sainsbury's entered its second centenary still as a family run company. However by the 1970s it had reached a scale of stature, which required public status. ...read more.


Using this brought an enormous competitive advantage. It also became a world leader in the computerised energy management which together measures such as heat recovery from refrigeration plant to in-store bakery's. In the next decade the choice of products Sainsbury's sold to customers more than doubled. This continued to reflect the company's historic strengths in fresh foods. Products such as exotic fruits, ready meals and speciality breads were just some of the items introduced to meet not only the customer's sophisticated tastes but also their demanding needs. By the end of Sainsbury's 125th year it had over 355 stores nationwide. In more recent years it has expanded to the USA, where it acquired the New- England based Shaw's Supermarket Ltd. In 1997 it also established Sainsbury's bank and in 1995 the first British supermarket company to offer goods directly from the Internet. Page ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. Marked by a teacher

    ASDA's Ownership

    4 star(s)

    The husband deals with the paperwork and the wife deals with customers and deciding what special offers their store should offer. (E.g. buy a coke get one free). Also, they wanted to earn a little bit more money and improve their security and running a small shop was the perfect decision/choice.

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    This means that they create aims and objectives with the customers view in mind. Task 8 Compare the challenges to selected business activities within a selected organisation, in two contrasting economic environments. Marks and Spenser's is a company with a strong brand that represents quality and tries to work ethically.

  1. Introduction to J Sainsbury plc

    Sainsbury's sets itself objectives that govern the way it operates. The different objectives for private sector businesses, such as Sainsbury's include: > making a profit or surplus > increasing sales or market share. Sainsbury's sets out in their objectives the following: Objective 1: "Meet its customers' needs effectively". (Source: www.j-sainsbury.co.uk)

  2. Vodafone Plc

    Disadvantages of a Joint Venture: � They may struggle and may fail to achieve its aims for e.g. who should have the say in the 50:50 � disagreement of the management venture � Some partners may have different opinions on which direction should a person take action � A venture

  1. Business Ownership.

    They contribute far more to national output and employ far more people than private limited companies. Public limited company - This is the other, much larger, type of joint-stock company and, just like a private limited company, a PLC is an incorporated business, is run by the Board of Directors on behalf of the shareholders and has an A.G.M.

  2. Classify the business according to its ownership, and explain the benefits and constraints of ...

    These one sometimes owned by national government and others by local government. Gurpreet Birdi Benefits to Sainsbury's of being an PLC include: * Limited liability; * Shares freely transferable on the Stock Exchange, easier to borrow money from the banks and * Easier to raise large amounts of capital and expand.

  1. Comparing Examples of Business Ownership and Objectives.

    to support the growth in our cafés By 2020, our suppliers will also be leaders in meeting or exceeding our social and environmental standards By 2020, our own brand products won't contribute to global deforestation. By 2020, we'll double the sales of lighter alcohol wine and reduce the average alcohol content (ABV)

  2. Applied Business. Investigating a business Preston Manor High School

    This shows that Preston manor is a successful school the opinions of the parents and Ofsted because most parents are happy which is a good sign to show that Preston manor is high standard school. However, there are some parents who are not happy with their child going to Preston manor.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work