It turns out supermarket retailers rode the economic downturn just like their shoppers did. Shocked at the severity of the recession and uncertain about its length or depth, they slashed capital budgets and in some cases underspent them last year. Publicly available estimates of capital spending in 2010 show that food retailers, again like their shoppers, are preparing to reach a little deeper into their pockets than last year — but not nearly at the speed they did before the recession ...
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