Most major retailers plan to spend more capital in 1998 on store remodelings and replacement units than on opening new stores. As a result, total square footage, which grew about 5.1% among the majors in 1997, will increase by only about 4.7% this year, according to an SN survey of several of the nation's largest publicly held food chains. Those companies told SN the dollar amounts they will spend for capital projects will increase, but those increases will generally be smaller than in ...
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