PENN TRAFFIC TO CLOSE 5 STORES, INKS C&S DEAL SYRACUSE, N.Y. — Penn Traffic Co. here said it will close five underperforming stores as part of an effort to improve its long-term financial performance and allow itself to reinvest in its core store portfolio. The stores, which are slated to close late this week, are located in Altoona, Somerset and Erie, Pa., and Horseheads and Plattsburgh, N.Y. Separately, Penn Traffic last week said it had struck an agreement with C&S Wholesale ...
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