Business Career
Throughout his life, John James avoided personal publicity and little evidence remains of his character. His business style was to offer competitive prices while, at the same time, demonstrating higher standards of quality, service, and hygiene.
From one store in Holborn, London, opened at 173 Drury Lane in 1869, Sainsbury built a chain of grocery stores which numbered 128 when he died in 1928. Sainsbury's remained a family business during his whole life. At the time of the firm's incorporation in 1922, John James took on the title of Chairman and Governing Director, a position which he held until his death in 1928. His last words were "Keep the shops well lit".
Today, the group owns over 1,000 stores but no family member has been involved in management since David Sainsbury retired in 1998. They do, however, continue to control approximately 15% of the shares.
Read more about this topic: John James Sainsbury
Famous quotes containing the words business and/or career:
“If we decide to take this level of business creating ability nationwide, we’ll all be plucking chickens for a living.”
—H. Ross Perot (b. 1930)
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)