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FT Opening Quote – Argos boost for Sainsbury profits

Summary:
J Sainsbury has spent much of the week explaining its policy on packaging up various items to confused shoppers. This morning, it may find it easier to explain the same principle to shareholders, writes Matthew Vincent.On Tuesday, the supermarket group had to address a series of questions on Twitter about the #pointlessplastics apparently used to wrap its “organic” coconuts. As one customer asked: “Was a coconut shell not good enough protection?” Just a day earlier, it had been asked to clarify how its pikelets – think hybrid pancake/crumpets – had turned up in Sainsbury’s wrappers but on Asda’s shelves, and for 10p less than in its own stores.Today, however, its third quarter trading update has packaged together food, supermarket and Argos general merchandise and clothing sales – and

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J Sainsbury has spent much of the week explaining its policy on packaging up...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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