FACTOID # 25: If you're tired of sitting in traffic on your way to work, move to North Dakota.
 
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Encyclopedia > Penn Traffic

The Penn Traffic Company operates 109 supermarkets in Pennsylvania, upstate New York, Vermont and New Hampshire. The Penn Traffic Company of today was built through the merger of three strong regional supermarket companies in the late 1980s, The Penn Traffic Company, P&C Foods and Big Bear Stores. Exterior of a typical British supermarket (a Tesco Extra) Exterior of typical North American supermarket (a Safeway) This Flagship Randalls store in Houston, Texas is an example of an upscale supermarket. ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... “NY” redirects here. ... Official language(s) None Capital Montpelier Largest city Burlington Area  Ranked 45th  - Total 9,620 sq mi (24,923 km²)  - Width 80 miles (130 km)  - Length 160 miles (260 km)  - % water 3. ... Official language(s) English Capital Concord Largest city Manchester Area  Ranked 46th  - Total 9,359 sq mi (24,239 km²)  - Width 68 miles (110 km)  - Length 190 miles (305 km)  - % water 3. ... Big Bear was a regional supermarket chain in the midwestern United States, headquartered for many years in Columbus, Ohio. ...

The Penn Traffic Company logo

Contents

Image File history File links Penn Traffic Logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links Penn Traffic Logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...

Origins

Penn Traffic has its origins in the 1850s, when it was a trading post in Johnstown, Pennsylvania. Over the years, Penn Traffic evolved into a large retail and wholesale supermarket company. Riverside, founded in Brookville, Pennsylvania in 1928, became part of the Penn Traffic family in 1962, and began developing the Bi-Lo format in the 1980s. Penn Traffic operates 43 supermarkets under the Bi-Lo trade name across Pennsylvania, and also distributes food to 51 franchise and independent supermarkets from its DuBois, Pennsylvania distribution facility. Quality Markets, founded in Jamestown, New York in 1913, joined the Penn Traffic family in 1979. Penn Traffic operates a total of 34 supermarkets under the Quality trade name in southwestern New York and northwestern Pennsylvania. For the game, see: 1850 (board game) 1850 (MDCCCL) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Sunday [1] of the 12-day-slower Julian calendar). ... Nickname: Flood City Location of Pennsylvania within the USA Johnstown, Cambria County, Pennsylvania, U.S.A. Coordinates: Country United States State Pennsylvania County Cambria Government  - Mayor Tom Trigona Area  - City  6. ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... Drawing of a self-service store. ... Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services. ... Brookville is a borough in Jefferson County, Pennsylvania, 100 miles (161 km) northeast of Pittsburgh. ... DuBois (pronounced doo-BOYS , not doo-boa ) is a city in Clearfield County, Pennsylvania, 128 miles (206 km) northeast of Pittsburgh. ... Jamestown is a city in Chautauqua County, New York in the United States. ... “NY” redirects here. ...


Acquisition

In 1988, Penn Traffic began an acquisition program. That year it purchased P&C Foods, a Syracuse-based supermarket company, more than doubling its size. P&C Foods began in 1944 as the Producers and Consumers food cooperative in Ithaca, New York as a way for farmers in upstate New York to get their products to market efficiently. Today, Penn Traffic operates 70 P&C supermarkets serving the Syracuse metropolitan area as well as many other communities in upstate New York, Vermont, New Hampshire and Pennsylvania. Penn Traffic is also a major wholesaler in upstate New York; from its Syracuse warehouse, the Company serves 99 independent supermarkets in central New York, the majority of which operate under the Big M trade name. Nickname: The Salt City Location of Syracuse within the state of New York Coordinates: City Government  - Mayor Matthew Driscoll Area  - City 66. ... The City of Ithaca (named for the Greek island of Ithaca) sits on the southern shore of Cayuga Lake, in Central New York State. ... Official language(s) None Capital Montpelier Largest city Burlington Area  Ranked 45th  - Total 9,620 sq mi (24,923 km²)  - Width 80 miles (130 km)  - Length 160 miles (260 km)  - % water 3. ... Official language(s) English Capital Concord Largest city Manchester Area  Ranked 46th  - Total 9,359 sq mi (24,239 km²)  - Width 68 miles (110 km)  - Length 190 miles (305 km)  - % water 3. ...


Big Bear

In 1989, Penn Traffic purchased the Columbus, Ohio-based Big Bear Stores Company, which operated supermarkets and general merchandise stores in central Ohio and West Virginia. When the first Big Bear opened in 1934, it marked the beginning of self-service supermarketing in the Midwest. Big Bear was the first supermarket in the country to use cashier-operated motorized conveyor belts and the first to use an IBM mainframe computer. Big Bear has also been a pioneer in establishing supermarket service departments, developing a strong reputation for its high quality produce, meat, deli and bakery departments. Its Big Bear Plus stores were among the first superstores combining a supermarket with a general merchandise store. Penn Traffic operated 70 Big Bear and Big Bear Plus stores in Ohio and West Virginia until early 2004, when Penn Traffic declared bankruptcy. Many of the former Big Bear properties were sold to other companies, such as grocery retailer Giant Eagle, while other properties were left vacant and still remain vacant. Nickname: Location in the state of Ohio, USA Coordinates: , Country State Counties Franklin, Delaware, and Fairfield Government  - Mayor Michael B. Coleman (D) Area  - City  212. ... Big Bear was a regional supermarket chain in the midwestern United States, headquartered for many years in Columbus, Ohio. ... Official language(s) None Capital Columbus Largest city Columbus Largest metro area Cleveland Area  Ranked 34th  - Total 44,825 sq mi (116,096 km²)  - Width 220 miles (355 km)  - Length 220 miles (355 km)  - % water 8. ... Official language(s) English Capital Charleston Largest city Charleston Area  Ranked 41st  - Total 24,244 sq mi (62,809 km²)  - Width 130 miles (210 km)  - Length 240 miles (385 km)  - % water 0. ... The Midwest is a common name for a region of the United States of America. ... A conveyor belt or belt conveyor consists of two end pulleys, with a continuous loop of material that rotates about them. ... IBM redirects here. ... This article does not cite any references or sources. ... Produce on display at La Boqueria market in Barcelona, Spain. ... Kinnikuman character, see Meat Alexandria. ... The word delicatessen designates a kind of food store. ... Bakery foods A baker is someone who bakes and sells bread, cakes and similar foods. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... This article is about the supermarket chain. ...


Keeping Up

In the early and middle 1990s Penn Traffic continued to grow as it acquired and built other supermarkets in and near its primary markets. During this time, Penn Traffic entered the Buffalo and Erie markets with the Quality trade name and made substantial investments to enhance its store base and distribution network, while maintaining steady growth in cash flow and profitability. Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ...


Loss of Profit

In the late 1990s, Penn Traffic experienced a significant reduction in its profitability because of several merchandising and operational changes that had a negative impact on its business. By late 1998, the Company realized that while it had strong consumer franchises, it was working under an untenable debt burden. To address this challenge, in early 1999 Penn Traffic negotiated an agreement with bondholders to restructure more than $1.1 billion in bond debt. Penn Traffic completed its financial restructuring in June 1999 with more than 75% of its debt retired. The company has approximately 100,000 employees. Employment is a contract between two parties, one being the employer and the other being the employee. ...


See also

Big Bear was a regional supermarket chain in the midwestern United States, headquartered for many years in Columbus, Ohio. ... Kroger headquarters in Cincinnati, Ohio. ... This article is about the supermarket chain. ... For the unrelated chain of hypermarkets that is owned by Kroger, see Fred Meyer. ... Save-A-Lot is a grocery store chain that is the thirteenth-largest retail chain and sixth-largest chain under a single banner with more than one thousand stores in the United States and $4 billion in sales. ...  , short for ALbrecht DIscount, is a discount supermarket chain based in Germany and one of the largest retail chains worldwide. ...

External links

  • Penn Traffic Company

  Results from FactBites:
 
PENN TRAFFIC CO financial statement PENN TRAFFIC CO income statements SEC, PENN TRAFFIC CO Annual Re (651 words)
PENN TRAFFIC CO financial statements of executive compensation data are available in their proxy statements.
PENN TRAFFIC CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system.
PENN TRAFFIC CO annual reports of executive compensation and pay are searchable and most commonly found in the Def 14a documents.
  More results at FactBites »

 
 

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