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
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.