Penn Traffic Still Losing Money
The company than owns BiLo and Quality markets is continuing to lose money.
The Syracuse-based supermarket chain says it lost $7 million in its second quarter, more than doubling the loss in the same period a year ago.
Sales fell nearly $20 million to $208.8 million.
Penn Traffic says same-store sales were off nearly 7 percent from a year ago.
Penn Traffic now operates 79 supermarkets in New York, Pennsylvania, Vermont and New Hampshire. A year ago, it had 86.
The company owns BiLo and Quality markets in St. Marys, Ridgway, Kane, Sheffield and Ellicottville, as well as other towns in the region.
There's no word on whether Penn Traffic plans to close any local stores.
The Syracuse-based supermarket chain says it lost $7 million in its second quarter, more than doubling the loss in the same period a year ago.
Sales fell nearly $20 million to $208.8 million.
Penn Traffic says same-store sales were off nearly 7 percent from a year ago.
Penn Traffic now operates 79 supermarkets in New York, Pennsylvania, Vermont and New Hampshire. A year ago, it had 86.
The company owns BiLo and Quality markets in St. Marys, Ridgway, Kane, Sheffield and Ellicottville, as well as other towns in the region.
There's no word on whether Penn Traffic plans to close any local stores.
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