SAINSBURY SHELVES U.S. EXPANSION; SHAW'S STAYS

LONDON -- J. Sainsbury plc here is keeping its Shaw's Supermarkets subsidiary in East Bridgewater, Mass. -- at least for now. And don't expect many more Sainsbury acquisitions in the United States.Sir Peter Davis, the new chief executive of the British food retailer, said Sainsbury has no plans to sell Shaw's despite continuing speculation it might do so. But it does not see the need to become a major

LONDON -- J. Sainsbury plc here is keeping its Shaw's Supermarkets subsidiary in East Bridgewater, Mass. -- at least for now. And don't expect many more Sainsbury acquisitions in the United States.

Sir Peter Davis, the new chief executive of the British food retailer, said Sainsbury has no plans to sell Shaw's despite continuing speculation it might do so. But it does not see the need to become a major player in the U.S. market.

"Shaw's is a good business that's performing wel

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