SYRACUSE, N.Y. -- Penn Traffic Co. here said last week a pickup in same-store sales and the addition of 10 New England stores that had been leased to Grand Union for 10 years helped boost total revenues for the first quarter ended May 5. However, losses in those stores contributed to an overall net loss for the 13-week quarter, the company said -- a loss that should disappear in the second half of the fiscal year, Joseph Fisher, president and chief executive officer, said. "Toward the end ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.