 | |
| Company type | Public |
|---|---|
| Industry | Retail |
| Founded | 1854 |
| Defunct | 2010 |
| Fate | Assets sold to Tops Markets |
| Headquarters | Syracuse, New York, U.S. |
| Products | Bakery, dairy, deli, frozen foods, meat, pharmacy, produce, seafood, snacks |
The Penn Traffic Company was a food service company founded in 1854 in Johnstown, Pennsylvania.
The company eventually evolved into a general merchandise department store. By the early 1960s, it also returned to the food business through the acquisition of Super Value Corporation, which operated the 10-store Riverside supermarket chain.
In 1982, the company sold its department stores and concentrated solely on the food and supermarket business. A series of financial troubles led to Penn Traffic's Chapter 11 bankruptcy filing in November 2009, and sale of assets to Tops Markets in early 2010.[1]
At the time of sale, Penn Traffic was the parent company for 79 retail supermarkets in the Northeastern United States, concentrating mostly in Central New York. Its headquarters were in Syracuse, New York. Penn Traffic formerly had operated supermarkets in Pennsylvania, Vermont, and New Hampshire under the Insalaco's, Bi-Lo/Riverside/U-Save, P&C and Quality trade names. The company also operated a wholesale food distribution business, purchased in 2008 by C&S Wholesale Grocers, which served approximately 121 independent operators.
- ^ McChesney, Charles (January 29, 2010). "Tops Markets finalizes purchase of 79 Penn Traffic stores in New York and surrounding states". Syracuse Post-Standard.