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flag Sainsbury's aims £1bn cost savings, £200m share buyback, 75 new stores, and tech/automation investment under a new strategy focusing on food sales and profit growth.

flag Sainsbury's, the UK's second-largest supermarket chain, is targeting £1 billion in cost savings and a £200 million share buyback programme as part of a new strategy to focus on food sales. flag The company plans to reduce costs over a three-year period, increase its retail operating profit, and open 75 additional convenience stores. flag Sainsbury's will also expand its Nectar loyalty scheme and invest in technology and automation.

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