SYRACUSE, N.Y. — Sales slowed and losses continued for Penn Traffic in fiscal 2009, but the retailer 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 a decrease in revenues but left the retailer with a stronger group of core stores, officials said in a ...
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