ALBERTSONS SLASHES CAPITAL EXPENDITURES

BOISE, Idaho -- Albertsons here said last week it will cut capital spending by $300 million to a level between $1 billion and $1.1 billion.remodeled store construction and productivity improvements from technology investments.Net income for the 13-week second quarter ending Aug. 4 rose 2.9% to $107 million and 47.9% to $207 million for the half, while sales rose 0.2% to $10.2 billion for the quarter

BOISE, Idaho -- Albertsons here said last week it will cut capital spending by $300 million to a level between $1 billion and $1.1 billion.

remodeled store construction and productivity improvements from technology investments.

Net income for the 13-week second quarter ending Aug. 4 rose 2.9% to $107 million and 47.9% to $207 million for the half, while sales rose 0.2% to $10.2 billion for the quarter and 7.5% to $20.2 billion for the half. Comparable-store sales were flat f

Register to view the full article

Already a member? .