DELCHAMPS REALIGNING TO IMPROVE PROFITABILITY

MOBILE, Ala. -- Following disappointing sales and earnings in two consecutive quarters, Delchamps last week unveiled a restructuring plan it hopes will "streamline operations and improve its earnings potential."The chain's plan, called Delchamps Strategy 2000, places the company on the growing list of retailers undergoing restructuring. The new program includes closing several units and reducing positions

MOBILE, Ala. -- Following disappointing sales and earnings in two consecutive quarters, Delchamps last week unveiled a restructuring plan it hopes will "streamline operations and improve its earnings potential."

The chain's plan, called Delchamps Strategy 2000, places the company on the growing list of retailers undergoing restructuring. The new program includes closing several units and reducing positions and salaries.

According to a statement, Delchamps' plan includes:

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