Publix Cuts Cap-Ex for 2009

Publix Super Markets here plans to cut capital expenditures by nearly 50% in 2009, according to the 10-K filing yesterday with the Securities and Exchange Commission.

LAKELAND, Fla. — Publix Super Markets here plans to cut capital expenditures by nearly 50% in 2009, according to the 10-K filing yesterday with the Securities and Exchange Commission.

Cap-ex for the current fiscal year is projected to be $665 million, vs. $1.29 billion in 2008, which included $498 million for the acquisition of 49 Florida Albertsons locations.

Publix reopened 24 of those stores last year and plans to open 11 more this year, part of the total of 40 new s

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