Winn-Dixie Cuts Back Remodels

JACKSONVILLE, Fla. Winn-Dixie Stores here last week said it would cut back on capital expenditures and the number of store remodels it will undertake this year, but will spend slightly more per store on those remodeling efforts. In a conference call with analysts discussing second-quarter results, in which sales and net income both declined, the company said it would reduce cap-ex by about $20 million,

JACKSONVILLE, Fla. — Winn-Dixie Stores here last week said it would cut back on capital expenditures and the number of store remodels it will undertake this year, but will spend slightly more per store on those remodeling efforts.

In a conference call with analysts discussing second-quarter results, in which sales and net income both declined, the company said it would reduce cap-ex by about $20 million, to $200 million, and undertake 60 remodels, instead of 75. The moves come

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