SYRACUSE, N.Y. -- Penn Traffic here said last week it lowered prices on thousands of items at its 262 corporate stores as part of a sweeping new program to win back customers and to reverse a slide in same-store sales. The cost of the lowered prices will be partially offset by lowered operating costs, the company said. The new strategy was announced as same-store sales figures showed a disappointing 12% decline for the month of September. Same-store sales, in a tumble for several quarters ...
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.