SYRACUSE, N.Y. — Four-dollar gas and a triple helping of supercenter competition combined to wallop Penn Traffic during the fiscal first quarter, the retailer here said last week. Penn Traffic posted a loss of $12.4 million for the fiscal first quarter that ended May 3 — compared with a $7.4 million loss in the same period a year ago. Sales were down by 3.6%, to $287.1 million, and comparable-store sales fell by 1.4%. Gross profits as a percentage of sales also dipped, to 26.1% from 26.6% a ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.