FRED MEYER PLANS TO PARE ITS CAPITAL EXPENDITURES

PORTLAND, Ore. -- Fred Meyer's gains in implementing key capital projects will enable major reductions in capital expenditures over the next few years, executives said here at the chain's annual meeting.The supercenter operator also expects continued falloffs in costs, partly resulting from efficiency gains, executives said. Furthermore, the chain is managing to reduce its format size while retaining

PORTLAND, Ore. -- Fred Meyer's gains in implementing key capital projects will enable major reductions in capital expenditures over the next few years, executives said here at the chain's annual meeting.

The supercenter operator also expects continued falloffs in costs, partly resulting from efficiency gains, executives said. Furthermore, the chain is managing to reduce its format size while retaining a similar breadth of product.

Financial analysts told SN that Fred Meyer's c

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