PENN TRAFFIC SETS SPENDING PROGRAM

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it will devote more capital spending to new and replacement stores now that approximately 40% of its existing store base has been upgraded.Speaking with securities analysts last week, Joseph V. Fisher, president and chief executive officer, said Penn Traffic plans to concentrate more spending in its core markets, which he defined as Columbus,

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it will devote more capital spending to new and replacement stores now that approximately 40% of its existing store base has been upgraded.

Speaking with securities analysts last week, Joseph V. Fisher, president and chief executive officer, said Penn Traffic plans to concentrate more spending in its core markets, which he defined as Columbus, Ohio; Buffalo, Jamestown and Syracuse, N.Y.; and Erie and Johnstown, Pa.

For exa

Register to view the full article

test - Advanced Registered User

Already a member? .