US retailer Penn Traffic has confirmed that it plans to close 53 of its P&C and Quality Market locations, as well as two warehouses, with the loss of around 4,000 jobs.
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The company, which filed for Chapter 11 bankruptcy protection last week, said that it hopes to reorganise operations and remain afloat.
The regional supermarket group operates outlets under the P&C, Quality and BiLo banners in upstate New York, Pennsylvania, Vermont and New Hampshire.
The company listed assets to the value of US$150.4m and debts totalling $136.9m in its bankruptcy filing.
When contacted by just-food, the company confirmed the lay-offs but declined to comment further on its reorganisation plan.
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By GlobalData
