SAFEWAY TO UP CAPITAL SPENDING

OAKLAND, Calif. -- Safeway here said it plans to increase capital spending by more than 14% this year to an amount exceeding $400 million. According to the chain's annual report, the money will be spent to build 25 to 30 new stores and remodel 90 to 100 others. During 1994, Safeway spent $352 million -- up 21% from $290 million spent in 1993 -- to open 20 new stores and remodel 71 units, the report

OAKLAND, Calif. -- Safeway here said it plans to increase capital spending by more than 14% this year to an amount exceeding $400 million. According to the chain's annual report, the money will be spent to build 25 to 30 new stores and remodel 90 to 100 others. During 1994, Safeway spent $352 million -- up 21% from $290 million spent in 1993 -- to open 20 new stores and remodel 71 units, the report said. The report said Safeway's stores are less expensive to build. "We are getting

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