SYRACUSE, N.Y. — Sales slowed and losses continued for Penn Traffic in fiscal 2009, but the retailer on Wednesday insisted the strategic actions it took during the year could soon pay off. Penn Traffic closed 21 stores and turned over its warehouse and distribution business to a third party, C&S Wholesale Grocers, during the 2009 fiscal year, which ended Jan. 31. These moves contributed to decrease in revenues but left the retailer with a stronger group of core stores, officials said ...
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.