AMERICAN STORES 'ON TARGET' WITH RE-ENGINEERING PROJECT

SALT LAKE CITY -- American Stores Co. here said last week it is on target with its Delta re-engineering project to have benefits exceed costs in the second half of 1997. Feb. 1. The charges are not expected to change 1997 earnings predictions.The charges were triggered primarily by four events, the company said:Consolidation of four general merchandise warehouses into a single facility in southern

SALT LAKE CITY -- American Stores Co. here said last week it is on target with its Delta re-engineering project to have benefits exceed costs in the second half of 1997.

Feb. 1. The charges are not expected to change 1997 earnings predictions.

The charges were triggered primarily by four events, the company said:

Consolidation of four general merchandise warehouses into a single facility in southern California. (See related story, Page 69.)

The switch to a

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