NEW YORK -- American Stores expects to spend about $700 million to build and remodel stores in 1994, Victor L. Lund, president and chief executive officer, said here last week. The $700 million, which is about 7% above last year's capital-expenditure program, will be allocated almost equally among American's three operating groups: supermarkets in the East, supermarkets in the West and drug stores. American's proposed 1994 capital spending will likely exceed all other supermarket ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.