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What's the plan for Sainsbury's following £261m loss? | Analysis & Features


By Ronan Hegarty2021-04-29T15:57:00+01:00
Sky-high costs associated with the pandemic and the restructuring of Argos saw Sainsbury’s slump to a £261m pre-tax loss for the year to 6 March 2021, according to results this week. But aside from that headline figure, what do its full-year results tell us about the retailer’s progress under its ‘Food First’ strategy?
The finances
Sainsbury’s CEO Simon Roberts insisted this week that the “business is in good shape and has a lot of potential”. This may seem slightly odd for a company that has just posted a £261m pre-tax loss – especially in a year when sales have rocketed due to the pandemic. But he probably has a point. ....

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East Coasters proud of COVID record, but some worry over heavy cost to mental health


Laura MacLeod, owner of the now shuttered cafe, The Old Apothecary, accompanied by her dog Caramel, reflects on the closing of her business caused by the impacts of the COVID-19 pandemic in Halifax on Thursday, March 11, 2021. While the region has managed to control the impact of the virus, declining mental health and abandoned business enterprises mark the other costs of the pandemic. The CANADIAN PRESS/Andrew Vaughan
HALIFAX Atlantic Canada s political leaders have touted the region as an example to the world after the novel coronavirus was repeatedly beaten back by a population that dutifully followed orders to isolate and physically distance. ....

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