More Targeted Capex The New Normal In Food Retail

摘要

The greatest food retail opportunities in developedrnmarkets will be in convenience and e-commerce. Leading globalrnretailers will maintain moderate levels of capital expenditurernover the coming years. While Walmart and Carrefour will focusrntheir spending on e-commerce and improved services, Tesco willrncontinue to cut capital expenditure, reflecting excessive storernexpansion in the past.