Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

258.80p
   
  • Change Today:
      0.60p
  • 52 Week High: 310.40
  • 52 Week Low: 245.80
  • Currency: UK Pounds
  • Shares Issued: 2,385.58m
  • Volume: 9,259,958
  • Market Cap: £6,174m
  • RiskGrade: 132

Sainsbury's enters five-year AI partnership with Microsoft

By Josh White

Date: Friday 17 May 2024

LONDON (ShareCast) - (Sharecast News) - J Sainsbury announced a five-year partnership with Microsoft on Friday, aimed at enhancing customer and colleague experiences through artificial intelligence (AI).
The grocer said the deal would support its 'Next Level' strategy by leveraging Microsoft's AI and machine learning capabilities along with its own extensive data resources.

It said that by integrating Microsoft's AI technologies, it planned to improve customer service by creating a more interactive online shopping platform.

Enhanced search capabilities powered by generative AI would streamline the shopping process, the board said, making it more user-friendly and engaging.

For store colleagues, the partnership would bring real-time data and insights to optimise key processes such as shelf replenishment.

Using AI to analyse multiple data inputs, including shelf edge cameras, employees would be directed to shelves that need restocking, saving time and preventing missed sales opportunities.

That, the company said, would enable store staff to focus more on customer interaction and service.

Additionally, AI-guided support would help employees respond to customer and colleague queries more efficiently, further enhancing the overall shopping experience.

Sainsbury's said it would also leverage Microsoft's smart cloud technologies to power its data operations.

By combining its data assets with Microsoft 365 collaboration tools, generative AI, and machine learning, the retailer said it was aiming to improve decision-making and operational efficiency.

The transformation will be supported by the Microsoft Azure cloud service, which would accelerate the deployment of new services and innovations.

It would also include upskilling programs to help Sainsbury's employees adapt to the new AI-driven environment, ensuring they can fully leverage the technology.

"Our collaboration with Microsoft will accelerate our ambition to become the UK's leading AI-enabled grocer," said Sainsbury's chief retail and technology officer, Clodagh Moriarty.

"It's one of the key ways we're investing in transforming our capabilities over the next three years, enabling us to take another big leap forward in efficiency and productivity, continue to provide leading customer service and deliver returns for our shareholders."

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sainsbury Market Data

Currency UK Pounds
Share Price 258.80p
Change Today 0.60p
% Change 0.23 %
52 Week High 310.40
52 Week Low 245.80
Volume 9,259,958
Shares Issued 2,385.58m
Market Cap £6,174m
RiskGrade 132

Sainsbury Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.26% above the market average80.26% above the market average80.26% above the market average80.26% above the market average80.26% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
7.55% below the market average7.55% below the market average7.55% below the market average7.55% below the market average7.55% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
80% below the market average80% below the market average80% below the market average80% below the market average80% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 3
Sell 2
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sainsbury Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 09-Nov-23
Paid 12-Jul-24 15-Dec-23
Amount 9.20p 3.90p

Trades for 14-Jun-2024

Time Volume / Share Price
16:37 12,643 @ 258.80p
16:35 347 @ 258.80p
16:35 9,449 @ 258.80p
16:35 1,987 @ 258.80p
16:35 1,832,365 @ 258.80p

Sainsbury Key Personnel

Chair Martin Scicluna
CEO Simon Roberts
CFO Bl á thnaid Bergin

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