LONDON (FNS) -- Argyll Group here, which owns Safeway in the United Kingdom, said its ongoing $306.2 million (195 million pound) restructuring program will result in the loss of 4,800 jobs. The program, called Safeway 2000, is aimed at making the United Kingdom's third-largest food retailer more competitive with its two rivals, J. Sainsbury and Tesco, both here. Sir Alistair Grant, chairman of Argyll, said the goal is to boost Safeway's sales per square foot to $23.55 from the current ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

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 a complimentary copy of SN's salary survey sent to you by email.

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.