With top-line growth hard to come by, most food operators are cutting back on capital spending this year until better times offer the promise of higher returns, industry observers told SN last week. “It costs money to expand, and if a company is not getting sufficient returns, then it's better to hold off on spending and trying to drive productivity,” Simeon Gutman, an analyst with Canaccord Adams, New York, told SN. “That's especially true if other retailers are simultaneously cutting back ...
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