ALBERTSON'S DETAILS AGGRESSIVE EXPENDITURE PLAN

BOISE, Idaho (FNS) -- Albertson's executives cited new stores, retail renovations, distribution improvements and new technology in detailing the chain's aggressive capital expenditure plans at its annual meeting here.Under the five-year program, Albertson's is slated to spend roughly $3.8 billion by the end of the year 2000, Gary Michael, chairman and chief executive officer, told shareholders. He

BOISE, Idaho (FNS) -- Albertson's executives cited new stores, retail renovations, distribution improvements and new technology in detailing the chain's aggressive capital expenditure plans at its annual meeting here.

Under the five-year program, Albertson's is slated to spend roughly $3.8 billion by the end of the year 2000, Gary Michael, chairman and chief executive officer, told shareholders. He said the investment will be allocated as follows:

$2.8 billion to open 388 new

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