SYRACUSE, N.Y. -- Penn Traffic Co. here said it will seek permission from the U.S. Bankruptcy Court in White Plains, N.Y., to close 16 supermarkets. Steven Panagos, Penn Traffic's interim chief executive officer, said, "These 16 stores were unprofitable or among our least profitable stores, and our analysis indicated that there was little or no potential for them to become more profitable in the future." The stores to be closed include 10 Big Bear units in Ohio and West Virginia; two Bilo ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.