AMERICAN STEPPING UP RE-ENGINEERING EFFORT

SALT LAKE CITY -- Benefits from re-engineering programs at American Stores Co. here are offsetting the costs of those programs, prompting the chain to accelerate its re-engineering efforts, Victor L. Lund, president and chief executive officer, said last week.Lund made his remarks in a report disclosing American's results for the fiscal year and fourth quarter ended Jan. 28, which showed sales on

SALT LAKE CITY -- Benefits from re-engineering programs at American Stores Co. here are offsetting the costs of those programs, prompting the chain to accelerate its re-engineering efforts, Victor L. Lund, president and chief executive officer, said last week.

Lund made his remarks in a report disclosing American's results for the fiscal year and fourth quarter ended Jan. 28, which showed sales on continuing operations down slightly, while a one-time gain from the sale of 45 Acme Mark

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