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Pin to quick picksSainsbury (J) Share News (SBRY)

Share Price Information for Sainsbury (J) (SBRY)

London Stock Exchange
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Share Price: 270.10
Bid: 270.60
Ask: 270.80
Change: 10.00 (3.84%)
Spread: 0.20 (0.07%)
Open: 273.00
High: 274.90
Low: 268.00
Yest. Close: 260.10
SBRY Live PriceLast checked at -

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UPDATE 1-Sainsbury's hires former John Lewis MD Nickolds as clothing boss

Thu, 6th May 2021 12:04

(Adds detail)

LONDON, May 6 (Reuters) - British supermarket group
Sainsbury's has recruited Paula Nickolds, the former
boss of the John Lewis department store chain, to lead its near
8 billion pound ($11 billion) general merchandise and clothing
business.

Sainsbury's said on Thursday that Nickolds would join as
general merchandise and clothing commercial director next month,
succeeding Mike Luck, who is leaving the group.

Nickolds, who will be responsible for general merchandise in
Sainsbury's stores as well as the Argos, Habitat and Tu clothing
businesses, will also take a seat on Sainsbury's operating
board, reporting to CEO Simon Roberts.

She worked for John Lewis for 25 years, the latter three as
managing director. She left in January last year after the
department store chain endured a poor Christmas.

Last week Sainsbury's forecast a big rebound in underlying
profit this year after a 39% fall in 2020-21 as strong food
sales during the pandemic were outweighed by extra costs and a
decision to forgo business rates relief.
($1 = 0.7188 pounds)
(Reporting by James Davey; editing by Michael Holden and Emelia
Sithole-Matarise)

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