SUPERMARKETS SCALE BACK CONSTRUCTION; AVERAGE SIZE DROPS

ORLANDO, Fla. -- Supermarket companies are building fewer new stores and are putting off undertaking major remodels, according to early results from a new study released at Food Marketing Institute's Retail Store Development Conference here last week.For the fourth year in a row, the proportion of newly constructed stores decreased, accounting for about 3% of all stores in 2003, according to FMI's

ORLANDO, Fla. -- Supermarket companies are building fewer new stores and are putting off undertaking major remodels, according to early results from a new study released at Food Marketing Institute's Retail Store Development Conference here last week.

For the fourth year in a row, the proportion of newly constructed stores decreased, accounting for about 3% of all stores in 2003, according to FMI's "Facts About Store Development 2004" study, which will be available in late November.

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart