MINNEAPOLIS – When an unexpected but important environmental expenditure emerges for Hy-Vee, the chain, based in West Des Moines, Iowa, has the wherewithal and flexibility to absorb that cost, said Ric Jurgens, the company's chairman and chief executive officer, as well as the chairman of the Food Marketing Institute. Hy-Vee projects five years ahead in its annual budget, which includes between $200 million and $250 million per year in capital expenditure. “But we do have the ability to ...

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