METRO-RICHELIEU TO CUT CAPITAL OUTLAYS 8.2%

MONTREAL -- Metro-Richelieu here and its affiliated retailers plan to reduce capital investments in 1998 to $56 million U.S. -- a drop of 8.2% from the $61 million spent in 1997 -- according to the distributor's annual report. at $30 million encompassed four new stores and 73 renovations or expansions for a pickup of about 3% in retail floor space, the report said.According to the report, the company

MONTREAL -- Metro-Richelieu here and its affiliated retailers plan to reduce capital investments in 1998 to $56 million U.S. -- a drop of 8.2% from the $61 million spent in 1997 -- according to the distributor's annual report.

at $30 million encompassed four new stores and 73 renovations or expansions for a pickup of about 3% in retail floor space, the report said.

According to the report, the company focused on retail investment last year "to continue firming up its market sh

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