LAKELAND, Fla. — Publix Super Markets here spent $212 million in capital during its fiscal first quarter and expects another $448 million in cap-ex in the remainder of 2009 — or about half what it spent last year — the retailer revealed in a quarterly report filed with the Securities and Exchange Commission yesterday.
The capital projects include new supermarkets, completion of planned improvements for certain locations acquired from Albertsons LLC in 2008, completion of a data center and new or enhanced information technology hardware and applications, the company said. First-quarter expenditures included nine new supermarkets and 22 store remodels. Publix spent nearly $1.3 billion in cap-ex in fiscal 2008, but $683 million in 2007.
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