DELCHAMPS TO INCREASE CAPITAL SPENDING

MOBILE, Ala. -- Delchamps here plans to fuel its financial growth with capital projects and systems upgrades in fiscal 1997.The chain has budgeted $25.2 million for capital spending in 1997, 16% more than the $21.7 million in fiscal 1996, the company's annual report said. Projects include two new stores, 17 remodels and installation of more front-end equipment.New stores will be in current markets,

MOBILE, Ala. -- Delchamps here plans to fuel its financial growth with capital projects and systems upgrades in fiscal 1997.

The chain has budgeted $25.2 million for capital spending in 1997, 16% more than the $21.7 million in fiscal 1996, the company's annual report said. Projects include two new stores, 17 remodels and installation of more front-end equipment.

New stores will be in current markets, but no sites have not been chosen yet, Timothy E. Kullman, senior vice presid

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