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Winn-Dixie Maintains Renovation Program

JACKSONVILLE, FL-The grocer also cautiously eyes the acquisition of shuttered Bruno's units.

By Debra Hazel | Updated on May 13, 2009

JACKSONVILLE, FL-Looking to continue to gain market share, Winn-Dixie Stores is maintaining its store remodeling program at 75 stores per year. Nor did the company rule out acquiring some shuttered Bruno’s locations, executives said at the company’s third-quarter conference call.

By the end of the fiscal year, the grocer will have remodeled 170 of its 520 stores, with plans to have completed renovations on roughly half its units by the end of fiscal 2010 and substantially all of its stores by the end of fiscal 2013. Renovations are proceeding by market, said Chairman, CEO and President, Peter Lynch.

“These defensive models are protecting our market share,” Lynch said. Detailed capital expenditures for 2010 should be revealed in June.

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