OAKLAND, Calif. -- Safeway here said it plans to boost capital spending for new stores and remodels to $550 million in 1996, an increase of nearly 16% over the $475 million it intends to spend this year. The upgraded capital spending budget was disclosed in conjunction with the chain's financial results for the third quarter and 36 weeks ended Sept. 9, which showed increased sales and earnings. The company said it has spent $279 million through the first three quarters of the year to open ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.