SOBEYS TO STEP UP CAPITAL SPENDING

STELLARTON, Nova Scotia - Sobeys here said last week that it would increase its capital expenditures during fiscal 2007 by more than 35% as it focuses on refurbishing its store network, investing in logistics and assembling land for future store builds.Spending of around $676 million (U.S.), up from nearly $500 million in fiscal 2006, will pay for 90 store openings, expansions and remodels, with a

STELLARTON, Nova Scotia - Sobeys here said last week that it would increase its capital expenditures during fiscal 2007 by more than 35% as it focuses on refurbishing its store network, investing in logistics and assembling land for future store builds.

Spending of around $676 million (U.S.), up from nearly $500 million in fiscal 2006, will pay for 90 store openings, expansions and remodels, with a goal of increasing chainwide square footage by 4% during fiscal 2007, Bill McEwan, pres

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