LONDON (FNS) -- British food retailers are rushing to devise smaller store formats in the face of tighter government regulations on the opening of out-of-town superstores. The regulations, which began to bite about two years ago, have caused a sharp slowdown in the superstore development programs of the United Kingdom's leading food retailers Safeway U.K. and J. Sainsbury plc, both based in London; Tesco in Cheshunt; and ASDA in Leeds. These companies saw their profits and sales boom during ...
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