FRED MEYER PLANS TO SCALE BACK SPENDING

PORTLAND, Ore. -- With spending on management information systems and new distribution facilities behind it, Fred Meyer Inc. here expects to reduce capital spending by about one-third during the two-year period that began in 1996, according to the company's annual report. nouncement of the pending merger earlier this month of Fred Meyer and Smith's Food & Drug Centers, Salt Lake City.Writing in the

PORTLAND, Ore. -- With spending on management information systems and new distribution facilities behind it, Fred Meyer Inc. here expects to reduce capital spending by about one-third during the two-year period that began in 1996, according to the company's annual report.

nouncement of the pending merger earlier this month of Fred Meyer and Smith's Food & Drug Centers, Salt Lake City.

Writing in the report, Robert G. Miller, chairman and chief executive officer, said the c

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