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Penn Traffic to Close Five Stores

Penn Traffic Co. said Friday it plans to close five underperforming stores on Feb. 23 as part of its strategy to improve long-term financial performance while reinvesting in its core store portfolio.

SYRACUSE, N.Y. — Penn Traffic Co. here said Friday it plans to close five underperforming stores on Feb. 23 as part of its strategy to improve long-term financial performance while reinvesting in its core store portfolio. The stores encompass two P&C Markets in Plattsburgh and Horseheads, N.Y.; two BiLo units in Altoona and Somerset, Pa.; and a Quality Market in Erie, Pa. "Closing these underperforming stores was a difficult but necessary decision that will benefit the health and well

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