LONDON (FNS) -- J. Sainsbury plc said last week it has no plans for the time being to increase its 20% holding in Giant Food, Landover, Md., because of the chain's recent poor performance and Sainsbury's need to improve the profitability of its wholly owned subsidiary, Shaw's Supermarkets, East Bridgewater, Mass. Sainsbury revealed the policy in reporting a 16.6% drop in operating profits at Shaw's to $36.2 million on a 16.4% rise in sales to $1.49 billion for the 28 weeks ended Sept. 20. ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.