The largest supermarket operators cut back on their capital spending as sales declined in the recent economic downturn, and are unlikely to increase spending unless both sales and profitability improve. That was the opinion of Andrew Wolf, Richmond, Va.-based managing director at BB&T Capital Markets, during a recent SN webinar called “Maximizing Cap-Ex Returns,” sponsored by Cummins-Allison Corp. These cutbacks in capital spending can be seen at the store level, where supermarket ...

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