PENN TRAFFIC PLANNING TO CLOSE EIGHT MORE STORES

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it will close eight stores -- for a total of 56 units sold or shut down since mid-1998 -- as part of a store-rationalization program.in eastern and central Pennsylvania, and two were Big Bear Markets in Ohio. Of the 30 stores that have closed, most are Bi-Los in Pennsylvania; a spokesman declined to pinpoint the location of the remaining eight

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it will close eight stores -- for a total of 56 units sold or shut down since mid-1998 -- as part of a store-rationalization program.

in eastern and central Pennsylvania, and two were Big Bear Markets in Ohio. Of the 30 stores that have closed, most are Bi-Los in Pennsylvania; a spokesman declined to pinpoint the location of the remaining eight stores that will be closed.

The sale of the 17 stores is expected to generate

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