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JS Journal Dec 1989

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JS Journal Dec 1989 ""^Tfj \1 •3 *t* ^ JSJOURNAL FRONTLINE Makeover competition. is published More winners appear on for employees of J Sainsbury pic pages 22-24 with the results Stamford House of the 1989 SSA//S Journal Stamford Street Photographic Competition. London SEl 9LL And here is another Telephone: 01-921 6660 competition: If you think Father Christmas doesn't Editor really exist and that the pic­ Yvonne Burke Assistant editor ture on the left is just Steve Dominic Long Jones, Seven King's garden Editorial assistant centre manager, sitting on Paula Kiernan the knee of an ordinary man Design merely dressed as Santa — Chris Bivand you're absolutely right. But Typesetting and Printing who is this mystery Santa? David Green Printers Ltd Who is our mystery Santa? Send your answers, by internal mail, to the JS Jour­ WE ALL KNOW that JS We helped one group of nal, tenth floor, Drury Contents people work hard but, as our staff swap their 'work-time' House, Blackfriars, and we'll cover shows, they can party looks for a glamorous image give a prize for each correct Headlines 2-7 hard at the same time, and more suited to party-time. entry. To give you a clue; SSA — what can that certainly comes in handy Pages 9-12 show what hap­ he's worked for JS and it do for you? 8 at Christmas. pened to the winners of our Homebase for 25 years. Christmas is looking good — our makeover A VERY MERRY CHRISTMAS FROM THE JS JOURNAL competition wmners 9-12 Robin Lane — a secondee who's JS increases share in market making space for young businesses 13 DESPITE THE FALL in consumer spending which is Branch openings — In March Savacentre became Great Yarmouth hitting many high street retailers JS has again managed a wholly owned subsidiary when Homebase 14/15 to shine through. The Interim Results released on JS bought BhS' share of the Chichester November 8 saw group profits at the half way stage company. The group results now Homebase 14/15 include 100 per cent of Savacen- Queen's Road 16 exceed £200 million for the first time, reaching £215.1 tre's results (an operating profit Rugby 17 million, an increase of 15.4 per cent on last year's record of £8.7 million). Milton Keynes breaking figures. Group sales also soared to £3.7 billion Following the announcement Homebase 18 from £3.1 billion last year. deputy chairman, David Sains­ Court House bury; joint managing director, Green 19 Sales from supermarkets larly good with profits increas­ David Quarmby, and marketing Streatham increased by 14.1 per cent with ing by nearly 40 per cent in US director, Mike ConoUy, gave Common 20-21 JS's share of the national trade dollar terms. in food and drinks increasing to Reducing retail sales have hit presentations to City analysts Photo competition 11.3 per cent from 10.9 per cent the DIY sector harder than which emphasised the com­ wmners 22-24 for the first half of last year. most, yet despite this Homebase pany's innovation and attention Behind the lines 25-27 The performance of Shaw's, has recorded a profit for the half to quality. which became a wholly owned year of £5.3 million — an The presentations were Have a safe and subsidiary in 1987, was particu­ increase of 26 per cent. received very positively. happy Christmas 28/29 New lines 30/31 Puzzles 32/33 Writehnes — your letters 34/35 More staff can take up share options Archives 36 WITH THE Company Profit stores, make it appropriate to approved by JS shareholders at Sharing Scheme celebrating review the profit sharing an Extraordinary General Meet­ Cover story its tenth birthday and the formula.' ing held on November 29 are SAYE Share Option Scheme The improvements which were shown on page 35. One of the prize Sains- celebratings its 15th, both berries on the JS floats schemes have been reviewed taking part in this year's Lord Mayor's Show was and improved. raspberry Sharon Young Announcing the changes, from retail systems chairman. Lord Sainsbury, said: training at Blackfriars. 'One of our objectives has been See the whole colourful to find ways of increasing the spectacle on pages 6/7. number of staff who can partici­ pate in the success of the busi­ ness and have the opportunity of becoming shareholders. Meanw­ hile, recent legislation has made certain improvements to the SAYE Scheme possible. Finally the levels of net profit now being achieved, which are needed because of the high cost of new HEADLINES Chairman is honoured with Albert Medal WHAT DO Marie Curie, Sir Winston Churchill, Sir Barnes Wallis, Sir Peter Scott, Lord Olivier and Yehudi Menuhin, have in common with the chairman, Lord Sainsbury? Answer: they have all been awarded the Albert Medal. The Albert Medal is the thing extra. There is a strong and commerce; he has principal award given by The culture which seems to have advanced the causes of design, Royal Society for the encour­ been built up over the 120 education, and the environ­ agement of Arts, Manufactures years of the company and ment; he has put his faith in and Commerce (RSA). One which is succoured and and fostered the capacities and medal has been awarded each burnished by Lord Sainsbury. talents of the people who work year since 1864 in commemor­ 'It is reflected in the for him and are helped by ation of the Society's former approach claimed by managers him.' president, HRH The Prince and I believe acknowledged by In responding Lord Sains­ Albert, husband of Queen outsiders that Sainsbury's is bury said: 'My first thought on Victoria. thoroughly committed to qual­ learning that I was to receive The chairman was presented ity in everything it does. this award was that I should with the Albert Medal on 'There is an insistence on share it with many others. November 15 by HRH The honesty and straight- 'In terms of my business life, I believe it should be shared disms with colleagues, both past and present, and with present and earlier generations of my family. It should be shared with my great-grandparents who, in 1869, just five years after the first award of the Albert Medal, opened their first shop in one of the poorest market streets in London. 'Underlying the founders' trading philosophy was, I believe, an attitude of mind May I thank all in JS that influenced all their busi­ ness decisions and one which and our associated com­ still governs our commercial panies for your out­ judgement to this day. Simply stated it is "respect for the standing commitment customer".' Lord Sainsbury went on: and hard work during Chairman, left, with HRH the Duke of Edinburgh. 'The speed of change and the this last year. stream of improvements in the Duke of Edinburgh, the RSA's forwardness and a sense of stores has been a wonderfully I wish you and your current president, at a special continuity and confidence.' stimulating and rewarding fea­ ceremony attended by Professor Tomlinson then ture of life as a shopkeeper. families a very happy members of the RSA Council, went on to outline Lord Sains­ However, most rewarding of Christmas and good distinguished guests, close bury's achievements in the arts: all has been witnessing the way friends and family. 'It cannot be entirely coinci­ our store managers have health and happiness for RSA chairman. Professor dental that the Opera House developed the skills and ability John Tomlinson, said of Lord balanced its books last year necessary for the huge task 1990. Sainsbury: 'We wish to honour after three years of deficits.' they face in managing a large him as a rounded man of He then said it was 'good to modern supermarket. Our sustained achievement whose have the opportunity now to store managements' profes­ <t***<—^/" contribution has lain not just swing the spotlight' on the sionalism and commitment is, in his success as a businessman Sainsbury family charitable to me, deeply impressive and a or his generosity as a patron, trusts and spoke of funding for source of great pride; pride for more, and appreciated more but in the standards he has work in the arts, education, them and pride for their per­ than ever before.' He said it set.' medical care, drug dependency sonal achievement.' was marvellous that private He spoke at length of the and dyslexia. Referring back to the arts funding had risen but he also company's achievements, say­ 'Lord Sainsbury . .. has the chairman said: 'There is no called for greater public spend­ ing: 'One can discern some- encouraged arts, manufactures doubt the arts are enjoyed by ing on the arts. Tesco shoppers think JS is best! EVEN TESCO SHOPPERS Both JS and Tesco cus­ of JS shoppers say the same of approaches from Sainsbury.' describe JS as more likely to tomers were asked how they Tesco. Mike ConoUy, director of attract those who are seeking rated all aspects of both JS and Eighty per cent of JS cus­ marketing, commented: 'We out the best. Tesco: 'From almost every tomers said JS was used by are delighted with the outcome This and other similar con­ angle Sainsbury seems to be in people who want the very best of this survey, which shows clusions were reached by an incredibly strong position whereas only 45 per cent of how strongly customers conti­ advertising agency Young and ... Tesco will find it incredibly Tesco customers said the same nue to rate our overall per­ Rubicam when they carried difficult to poach customers of Tesco.
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