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Video recording (unedited) of the second part of a speech by company chairman Lord Sainsbury of Preston Candover (John Davan Sainsbury) during Sainsbury’s Senior Managers' Meeting. The meeting was held at the Sainsbury Wing of the National Gallery.

He discusses various topics including: the company’s financial performance in detail; the performance of different parts and subsidiaries of the business; recently opened stores and store development plans; technology; Sunday trading; senior manager development programme; staff training; pay systems; sales trends and profit growth; distribution problems; things that can be improved, e.g. better management of service departments (bakeries, delicatessens etc) in stores; concerns about customer service especially at checkouts.

He ends with a message relating to his upcoming retirement as chairman including his plans for his retirement, and thoughts on the future of the company.

Duration: 48 minutes.