SALT LAKE CITY -- American Stores Co. here expects benefits from its Delta re-engineering projects to exceed costs for the second half of 1997, Victor L. Lund, chairman and chief executive officer, said in the company's annual report. Lund did not elaborate on that prediction in his letter to shareholders in the annual report; however, American devoted the bulk of the report to interviews with a variety of corporate personnel, some of whom reflected on some of the changes resulting from ...

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