Sainsbury's targets cost savings with store management shake-up

LONDON (Reuters) – Sainsbury‘s, Britain’s second largest supermarket group, said on Tuesday it would restructure its store management as it seeks to achieve another round of targeted cost savings.

All of Britain’s big four food retailers – market leader Tesco, Sainsbury‘s, Asda and Morrisons – are chasing efficiency savings to finance price cuts so they can better compete with discounters Aldi and Lidl, who are still winning market share.

Tesco said on Monday it would cut a net 800 jobs and on Tuesday French retailer Carrefour announced a voluntary redundancy plan for 2,400 staff.

Sainsbury‘s, which has reported three

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