AMERICAN CEO LAUDS DELTA PROGRAM

SALT LAKE CITY -- Victor L. Lund, American Stores Co.'s chairman and chief executive officer, said the company is "on target" with its Delta project -- the series of re-engineering initiatives designed to convert American Stores from a holding company to a centralized operating company.Speaking at the company's annual shareholders meeting here last week, Lund said that by the second half of the year

SALT LAKE CITY -- Victor L. Lund, American Stores Co.'s chairman and chief executive officer, said the company is "on target" with its Delta project -- the series of re-engineering initiatives designed to convert American Stores from a holding company to a centralized operating company.

Speaking at the company's annual shareholders meeting here last week, Lund said that by the second half of the year -- and for the first time since its inception -- Delta is expected to show benefits e

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