Better profits - amid ever-increasing competitive pressures - have retailers reaching into their wallets again. The capital-spending budgets of publicly traded food retailers will increase this year as compared to last, company filings show. But once again, rather than paying for land and new buildings, the vast majority of capital expenditures will go toward renovating existing stores. These trends, analysts say, are driven not only by improved sales and profits during 2005, but also by a ...

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