MARKET TALK: Sainsbury Start-Up China Would Make Sense

22nd Jun 2010 07:38

0638 GMT [Dow Jones] J Sainsbury (SBRY.LN) is considering entering the Chinese market after announcing the biggest management shake-up of Justin King's reign as chief executive, according to a newspaper report. Sainsbury has a poor record overseas, so it will need to tread carefully, says an analyst. However, the analyst notes the retailer's long-term reliance on the UK market is a strategic weakness and "it makes sense to start to look at overseas." No one at Sainsbury is available to comment so far Tuesday. Shares closed Monday at 329p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 22, 2010 02:38 ET (06:38 GMT)