Giant Eagle to purchase five Penn Traffic stores
PITTSBURGH Giant Eagle announced that it has entered into an with Tops Markets to purchase five former Penn Traffic stores. The five stores involved in the transaction are located in Brookville, DuBois, Johnstown, St. Marys and Titusville, Pa.
"Given our nearly 80-year history as a leading regional food retailer with strong Western Pennsylvania roots, we were approached by Tops Markets more than a month ago regarding these locations," said Giant Eagle special counsel Dan Shapira. "Tops informed us that these stores were outside of their geographic footprint, and as such would ultimately be closed and the employees terminated. We believe there is an opportunity to refurbish these stores and bring to consumers of the area an overall improved shopping experience."
The five locations include 4 BiLo Foods stores and one Quality Market.