Sainsbury's Business Television programme about 2001-2002 annual financial results, 29 May 2002

Recording of a special Sainsbury's Business Television programme shown following the announcement of Sainsbury's annual financial results. The programme features an interview of Sir Peter Davis (J Sainsbury plc Group Chief Executive) by an unidentified "reporter from the City [of London]" about the company's performance, developments in the company and future plans. It was broadcast on 29 May 2002 by satellite to Sainsbury's stores, depots and offices. The interview was also made available on the company's website so that it could be watched by investors and financial journalists. This programme also includes an introduction and conclusion by Peter Davis for Business Television (i.e. for staff only).

Contents:
1. Introduction by Sir Peter Davis for Business Television.
2. Results and current trading: reasons for reverse in the decline in the supermarket business - cost savings; performance of rest of the group; strong performance of Shaw's (US business); Sainsbury's Bank performed well; competitive market; Air Miles partnership dropped due to a new scheme due to be launched in summer [probably referring to the Nectar card scheme, which would be launched in September 2002]; limitations on continued growth including food inflation.
3. Store reinvigoration and new formats: initial focus on developing existing stores and formats; 'Mixed Mission' format in town centres; family and bigger stores - development of non-food range, new 'Main Plus Average' format introduced at Monks Cross in York; new 'Broad Appeal' format with relaunch of Savacentre brand being introduced at Northfield in Birmingham; data from research and loyalty card;
4. Supply chain and systems: new automated warehouses being developed; Accenture project to re-platform computer systems; progress with recovery plan;
5. Sainsbury's to You: improved figures for Sainsbury's to You online ordering/home delivery service.
6. Delivering the recovery and future growth: progress with recovery plan to make company more efficient and improve sales; Sainsbury's Bank;
7. Conclusion for Business Television - thanks to staff, prospects for this year, restructuring, opportunities for new formats etc.

Duration: 17 minutes (excluding 15 minute countdown clock).