PENN TRAFFIC TO INVEST IN TECHNOLOGY, STORES

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it expects to begin investing more heavily in new and replacement stores and technology now that its existing store base has been largely upgraded.The company said it has remodeled or refurbished 80 of its 219 stores over the past two and a half years, or approximately 43% of its square footage."So we're right where we want to be," Joseph V. Fisher,

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it expects to begin investing more heavily in new and replacement stores and technology now that its existing store base has been largely upgraded.

The company said it has remodeled or refurbished 80 of its 219 stores over the past two and a half years, or approximately 43% of its square footage.

"So we're right where we want to be," Joseph V. Fisher, president and chief executive officer, said during a conference call wit

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