News

Sainsbury's grows own brand book sales by 33%

Sainsbury’s has grown pre-tax profit by 2.5% in its half-year results as the retailer said its investment in own-brand educational books saw sales increase by a third.

The supermarket today reported group sales including Vat and fuel rose £13.36bn in the six months to 29th September. By contrast, last month Tesco reported a fall in profits.

The retailer said its "commitment to multi-channel retailing and our understanding of digital service businesses" could be seen in its online entertainment offer, which includes the purchasing of a majority stake in e-book company Anobii in June.

Sainsbury’s online business is growing at more than 20%, with grocery orders regularly exceeding 165,000 a week, adding that "in entertainment, we are the only supermarket to grow market share, up 200 basis points to 6.6 per cent in the 12 weeks to 30 September."

"Our investment in own-brand educational books saw sales value increase in this area by a third," the company added.

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No surprise that the real book story here is the purchase of ebook company Anobii. This gives Sainsbury's a link into the no-bricks-and-mortar, no-stock-to-hold world of digital product, which is the only thing that makes any sense to me. If you can touch it, don't touch it, that's my moniker, the overheads will endlessly drag you down. Whether it's writing books or painting or recording or holding patent rights, owning intellectual property is the only way to go. Strangely the government also realises this. I am a big fan of ipo.gov.uk. If the rest of government worked as well as those guys the UK would be numero uno. If anyone wants to email me on the subject of intellectual rights, I'll do what I can to point you in the right. Darcy Blaze

http://www.darcyblaze.com/

No surprise that the real book story here is the purchase of ebook company Anobii. This gives Sainsbury's a link into the no-bricks-and-mortar, no-stock-to-hold world of digital product, which is the only thing that makes any sense to me. If you can touch it, don't touch it, that's my moniker, the overheads will endlessly drag you down. Whether it's writing books or painting or recording or holding patent rights, owning intellectual property is the only way to go. Strangely the government also realises this. I am a big fan of ipo.gov.uk. If the rest of government worked as well as those guys the UK would be numero uno. If anyone wants to email me on the subject of intellectual rights, I'll do what I can to point you in the right. Darcy Blaze

http://www.darcyblaze.com/