During its coming fiscal year, which started June 28, thecompany is remodeling 23 during the first half of the period and 50during the back end. At $1.9 million per store, Winn-Dixie has $150million earmarked for capital expenditures on the effort.
So far the company has renovated stores in geographic areasthroughout its portfolio, which spans Florida, Alabama, Georgia andMississippi, but 75% of the next 50 facelifts will have aconcentration in Florida. The remodels include new colors,lighting, flooring, fixtures, produce sections and otherimprovements.
Winn-Dixie only plans one new store in the current fiscal year.At the same time, it is seeing less expansion by competitors, suchas Wal-Mart and Publix, in its key markets, says Peter Lynch, thegrocer's chairman and chief executive officer.
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