SYRACUSE, N.Y. — The former Penn Traffic Co. here saw sales decline on a weekly basis during January, according to a document filed with the bankruptcy court.
Cash flow for the five-week period that ended Jan. 30 totaled $30.2 million before bankruptcy-related expenses. After such expenses, the total was $9.04 million for the month.
Revenues for the five-week span were $160.6 million, which included the $85 million from the sale of the company’s stores to Tops Friendly Markets, Williamsville, N.Y.
Sales declined week to week, from $13.2 million in the week that ended Jan. 2, to $7.9 million in the week that ended Jan. 30.
The company operated stores under the P&C, Quality and BiLo banners, mostly in New York. It was acquired in late January by Tops.
Read More of Today's Headlines