Sainsbury’s – a prestigious History
Sainsbury's was founded in 1869 by John James Sainsbury and his wife Mary Ann Sainsbury in London, England, and grew rapidly during the Victorian era. It grew to become the largest grocery retailer in 1922, pioneered self-service retailing in the UK. Sainsbury’s is one of the most recognised names within the retail market.
Brothers Karl and Theo Albrecht founded Aldi in 1946 when they took over their mother’s food store in Essen, Germany. The Aldi chain has grown from one modest food shop to over 7000 discount supermarkets worldwide. Aldi are renowned for their simplistic approach to shopping, and as a result they offer great quality products at low prices.
In July 2007, The Co-operative Group and United Co-operatives amalgamated, creating one of the world’s largest consumer co-operatives, with a turnover of more than £9 billion, 4.5 million members and over 87,500 employees.
The combination of a rapidly expanding business and a high cash turnover at point of sale has always been an issue for Poundland, Europe’s leading one-price retailer.