JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it hopes to spend $45 million to $50 million over the next two years to upgrade its conventional stores, marking a refocusing of the chain's strategy on its small-town roots. According to Ron Johnson, chairman and chief executive officer, the money will come from the sale of an unspecified number of stores and some noncore assets, which is expected to generate $75 million to $100 million. He said about half the money is ...
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