Penn Traffic Co., Syracuse, N.Y., said sales fell 4.7% to about $843 million for the second quarter and 4.2% to $1.7 billion for the half ended Aug. 3. Same-store sales declined 3.6% in the quarter and 2.3% in the half. "The company's quarterly revenues were below our expectations," according to chairman Gary D. Hirsch. He attributed the results to weak sales trends and Penn Traffic's ongoing investment in its repositioning program. in the 39 weeks. Wal-Mart Stores, Bentonville, Ark., ...

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