BOISE, Idaho (FNS) -- Albertson's executives cited new stores, retail renovations, distribution improvements and new technology in detailing the chain's aggressive capital expenditure plans at its annual meeting here. Under the five-year program, Albertson's is slated to spend roughly $3.8 billion by the end of the year 2000, Gary Michael, chairman and chief executive officer, told shareholders. He said the investment will be allocated as follows: $2.8 billion to open 388 new stores in new ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.