PENN TRAFFIC TURNAROUND TO GO ON WITH NEW STEPS

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has completed the first phase of its turnaround strategy and is embarking on a series of proactive moves in its core markets that could affect its shortterm profitability.The company said third-quarter results will probably be impacted by the introduction of a loyalty card program this month and start-up costs associated with the reopening

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has completed the first phase of its turnaround strategy and is embarking on a series of proactive moves in its core markets that could affect its shortterm profitability.

The company said third-quarter results will probably be impacted by the introduction of a loyalty card program this month and start-up costs associated with the reopening of nine New England stores -- although both programs are expected to have positive longt

Register to view the full article

test - Advanced Registered User

Already a member? .