USA: Shaw’s sales improve 11.6% in year
US retailer Shaw's said sales at its supermarkets climbed 11.6% to US$4.4bn during the fiscal year ended 30 March. The subsidiary of UK retailer J Sainsbury said that operating profit in the period under review rose 18.9% to US$196m. "We continue to look for suitable acquisition opportunities both in, and adjacent to, New England," Sir Peter Davis, Sainsbury's group chief executive, said in a statement. Three years ago, Sainsbury acquired Star Markets Co. and continues to 'rebadge' Star stores as Shaw's stores.
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