JACKSONVILLE, Fla. — Winn-Dixie Stores here last week said it would cut back on capital expenditures and the number of store remodels it will undertake this year, but will spend slightly more per store on those remodeling efforts. In a conference call with analysts discussing second-quarter results, in which sales and net income both declined, the company said it would reduce cap-ex by about $20 million, to $200 million, and undertake 60 remodels, instead of 75. The moves come as returns on ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.