SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has completed the first phase of its turnaround strategy and is embarking on a series of proactive moves in its core markets that could affect its shortterm profitability. The company said third-quarter results will probably be impacted by the introduction of a loyalty card program this month and start-up costs associated with the reopening of nine New England stores -- although both programs are expected to have positive longterm ...
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