Sainsbury's Shares Drop As Justin King Quits

What Has Justin King Done As CEO?

Updated: 11:17am UK, Wednesday 29 January 2014

The outgoing chief executive of Sainsbury's, Justin King, has been credited with turning the retailer around during the last 10 years, with an impressive list of achievements and awards racked up by company and staff.

• Around 24 million transactions a week in 2014 (vs 14 million in April 2005)

• Winner of 14 of 30 Mystery Shopper customer service awards for Service & Availability in 2013/14 (The Grocer)

• Supermarket of the Year 2013 (6th time in eight years – Retail Industry Awards)

• Brand of the Year 2013 (Marketing Society)

• FTSE100 Business of the Year 2013 (National Business Awards)

• Incremental sales up £9.5bn, up from £16.1bn in 2004/5 to £25.6bn for 2012-13

• Seventh biggest clothing retailer in the UK by volume and the 11th by value

• It is the seventh biggest general merchandise retailer in the UK by value

• Now has over 400 stores with full general merchandise range, with 33% of the population within a 15-minute drive

• Convenience stores numbers up 127% to 596 since 2004-5

• Awarded Convenience Chain of the Year (4th consecutive year – Retail Industry Awards)

• £1bn online grocery business with over 190,000 orders each week

• Online Retailer of the Year 2013 (2nd consecutive year – Grocer Gold Awards)

• Five consecutive years of profit growth for Sainsbury's bank

• Acquisition of remaining 50% stake from Lloyds Bank Group completes on 31 January 2014

• Leading positions on nutritional labelling, British sourcing, Fairtrade, RSPCA Freedom Foods and MSC

• £136m worth of Active Kids equipment donated since 2005

• First sole-sponsor of the Paralympic Games, in 2012

• Record levels of employee - known as colleagues - engagement (as measured by its annual Talkback survey)

• Only food retailer accredited to Gold Standard by Investors in People

• £520m given to employees in bonuses between 2005-6 to 2012-13)

• Employer of the Year 2013 (Retail Week Awards)

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