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., ...
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.