SYRACUSE, N.Y. -- Penn Traffic Co. here said the write-off of its Harts general merchandise business and other one-time charges resulted in a net loss for the second quarter and 26 weeks ended July 29. Sales increased 5.8% for the 13-week quarter to $884.2 million and 6% for the half to $1.7 billion, which the company attributed to the addition of 31 Acme stores acquired in January from American Stores Co., Salt Lake City. However, same-store sales declined 0.9% for the quarter and 1.2% for ...
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.