Sainsbury Scraps Discount Experiment as 16 Netto Stores to Close

  • Decision brings to an end two-year trial, risking 400 jobs
  • U.K. grocer to focus on acquisition of Argos owner Home Retail

J Sainsbury Plc said it’s scrapping a trial of Netto stores in the U.K., abandoning a two-year effort to directly challenge discounters Aldi and Lidl.

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