SOBEYS SLATES LARGE INVESTMENT IN STORES

STELLARTON, Nova Scotia -- Sobeys here said it expects to increase capital spending in fiscal 2003 by nearly 43% to $396 million (U.S.), with 75% of the total going into retail store projects.The company said it spent $277 million in the just-ended fiscal year to open 20 new corporate stores and 35 new franchised stores, enlarge 33 stores and renovate or rebanner 106 locations.Bill McEwan, president

STELLARTON, Nova Scotia -- Sobeys here said it expects to increase capital spending in fiscal 2003 by nearly 43% to $396 million (U.S.), with 75% of the total going into retail store projects.

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