DELHAIZE TO BOOST CAPITAL SPENDING

BRUSSELS - Delhaize here said last week it would boost capital expenditures for its U.S. operations by about $150 million, to $700 million, in fiscal 2006, mostly because of the large number of Kash n' Karry stores it is converting to Sweetbay in Florida.As previously reported, the company is stepping up the rate of conversion of the stores this year, and expects to recast 46 Kash n' Karry stores

BRUSSELS - Delhaize here said last week it would boost capital expenditures for its U.S. operations by about $150 million, to $700 million, in fiscal 2006, mostly because of the large number of Kash n' Karry stores it is converting to Sweetbay in Florida.

As previously reported, the company is stepping up the rate of conversion of the stores this year, and expects to recast 46 Kash n' Karry stores as Sweetbay and build two new ones by the end of 2006, for a total of 73 by year-end, in

Register to view the full article