Penn Traffic to close local P&C store Feb. 23

PLATTSBURGH P&C Foods grocery store will close its doors in two weeks. Penn Traffic Company, the corporation which owns P&C Foods stores throughout New York, Vermont, Pennsylvania and New Hampshire, issued an official announcement Feb. 1 of the stores pending closure. The store is scheduled to close 5 p.m. Saturday, Feb. 23. According to a news release, the closure is part of the companys strategy to improve the companys long-term financial performance and allow itself to reinvest in its core store portfolio. Under-performance was cited as the reason behind the decision. Penn Traffic president and chief executive officer Greg Young issued a statement regarding the closures, citing the corporation has a responsibility to our associates, customers and shareholders to continually monitor and assess each and every component of our business. Closing these underperforming stores was a necessary, but difficult, decision that will benefit the health and well being of the company as a whole, while allowing us to further invest in our customer experience, Mr. Young stated. Were grateful for the loyalty and hard work of the affected employees and offer our customers in those communities our heartfelt thanks for their patronage. Mr. Young added Penn Traffic will be taking steps to make the transition as smooth as possible for customers and the approximately 40 store associates affected. In addition to the Plattsburgh store, another P&C Foods store in Chemung County and three other Penn Traffic stores in Pennsylvania will close Feb. 23.

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