CONSTRUCTION DELAYS

The traditional supermarket industry is recycling itself.Supermarket companies are shifting their investments away from new-store openings and into remodels, and store-count growth among the largest traditional food retailers is increasingly comprised of acquisitions of existing stores rather than the construction of ground-up sites. Meanwhile, nontraditional operators are continuing to build new

The traditional supermarket industry is recycling itself.

Supermarket companies are shifting their investments away from new-store openings and into remodels, and store-count growth among the largest traditional food retailers is increasingly comprised of acquisitions of existing stores rather than the construction of ground-up sites. Meanwhile, nontraditional operators are continuing to build new stores at a dizzying pace.

In 2004, for the first time in at least five yea

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