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News Release

London

JLL UK Retail comments on impact of Sainsbury’s Home Retail Group takeover


​London, 1st April 2016- Commenting on the news that Sainsbury’s bid for Home Retail Group has been successful, Tim Vallance, head of JLL UK Retail said: “In buying Home Retail Group, Sainsbury’s has recognised that now is not the time to stand still and that innovation in channels of sale for their goods is essential to keep up to date with consumer behaviour. It sees the value in having a variety of locations and methods of selling their food, clothing and homeware ranges and they understand that price cutting alone isn’t the way to attract consumers or cultivate loyalty: Convenience and varied offering is also very important.

“This news follows hot on the heels of the recent Amazon and Morrisons fulfilment deal, which heralds a general shift away from grocers approaching physical retail space and online sales as separate entities. It leaves the door open for other similar activity in the sector.”