J Sainsbury plc was founded in 1869 and today operates over 1,106 supermarkets and convenience stores and an online grocery and general merchandise operation. It jointly owns Sainsbury’s Bank with Lloyds Banking Group and has two property joint ventures with Land Securities Group PLC and The British Land Company PLC.
We continue to take advantage of the unique opportunity that we have to grow our space. In 2012/13, we opened 14 new supermarket stores, 8 extensions and 87 convenience stores, equivalent to one million sq ft of gross new space.
Our online groceries and non-food online sales also continue to grow. The introduction and roll-out of our Click and Collect service, which allows customers the freedom to pick up non-food items ordered online at a store and time convenient for them, has also proven very popular with customers.
We have a significant portfolio which includes freehold and long leasehold properties and properties within joint venture arrangements. In the last five years, we have added £4 billion to the value of our property portfolio, the market value of which is now £11.5 billion.
Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Sainsbury’s Bank provides a range of quality products including Insurances, Credit Cards, Savings and Loans. It offers customers great products at fair prices, while consistently rewarding them with Nectar points for choosing Sainsbury's for their finance and shopping needs.
Sainsbury’s Energy launched in February 2011 as a fresh new brand in the energy market. We offer competitive and added value propositions through a dedicated team of energy experts in-store, with a focus on simplifying energy tariffs and providing energy efficiency advice for customer’s homes. Our customers benefit from having a relationship with their energy supplier in-store, online and over the phone whilst collecting Nectar points on a range of our products.
Our customers enjoy a growing selection of movies, music, books, games and other entertainment products through Sainsbury's Entertainment. Our continued push into the digital entertainment space means that our on-demand offer is always growing.