DELCHAMPS CHAIRMAN ASSURES HOLDERS COMPETITIVE PATH WILL RESTORE PROFITS

MOBILE, Ala. -- David W. Morrow, chairman and chief executive officer of Delchamps here, assured stockholders at the annual meeting last week that the company would return to profitability this year by making itself more competitive in the grocery business.In the wake of a $25.7 million loss in fiscal 1995 -- the first in the 118-store chain's history -- Morrow said Delchamps is upgrading existing

MOBILE, Ala. -- David W. Morrow, chairman and chief executive officer of Delchamps here, assured stockholders at the annual meeting last week that the company would return to profitability this year by making itself more competitive in the grocery business.

In the wake of a $25.7 million loss in fiscal 1995 -- the first in the 118-store chain's history -- Morrow said Delchamps is upgrading existing stores, has doubled the number of field specialists and is spending $8 million to impro

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