MEGAFOODS SEES BIG PAYOFF FROM CUTS

MESA Ariz. - Mega foods Stores here expects to save "in excess of 1% of 1994 sales" as a result of its new management reorganization and cost-cutting program, Jack J. Walker, the chain's executive vice president and chief financial officer, told SN last week.

While Walker declined to project sales for the year, industry observers estimate the figure at about $765 million. Based on Walker's comments, that would translate to a savings of more than $7.5 million.

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