Top News Stories for 2003

  • Anchor Hocking To Invest $30MM
  • New Fairfield Medical Center Projects Totals $27MM
  • Fairfield County Hospice To Build $5MM Facility
  • Westerman and Diamond Power Invest $1 million
  • Venom Lures and Nixon Plumbing to Locate
  • E-Summit 2004: Unique HR Business Conference
  • Ralston Invests $2MM in New Equipment
  • NFocus Triples Size of Facility and Doubles Jobs
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    Lancaster Eagle-Gazette
    10/11/2004
     
     
    Eight Big Bear stores may close in Ohio
     


    AP


    Big Bear closings

  • Here is a list of the locations of the Big Bear stores that The Penn Traffic Co. is seeking federal bankruptcy court approval to close:

     

  • Three stores in Columbus: 3680 E. Broad St.; 6867 E. Broad St.; 2700 Bethel Road.

     

  • Gahanna: 920 Hamilton Road.

     

  • Hilliard: 5419 Roberts Road.

     

  • Lebanon: 920 Columbus Ave.

     

  • Washington Court House: 300 Washington Square.

     

  • Wintersville: 100 Main St.

     

  • Charleston, W.Va.

     

  • Hurricane, W.Va.

    Other Penn Traffic stores to close are Bi-Lo Foods, P&C Foods and Quality Markets in Pennsylvania and New York. Source: The Penn Traffic Co.

  • SYRACUSE, N.Y. (AP) -- As part of its effort to eventually re-emerge from bankruptcy, The Penn Traffic Co. said Friday it wants to close 16 stores, including eight Big Bear stores in Ohio.

    The company wants to reduce its payroll by 1,035 jobs. None of the stores in Fairfield County will be affected.

    The regional grocer must first receive permission from the U.S. Bankruptcy Court in White Plains, which is presiding over its second Chapter 11 bankruptcy reorganization in five years.

    "These 16 supermarkets were unprofitable or among our least profitable stores, and our analysis indicated that there was little or no potential for them to become more profitable in the future," said Steven Panagos, Penn Traffic's interim chief executive officer.

    Several of the stores targeted for closing opened or were remodeled since Penn Traffic emerged from its previous bankruptcy in 1999.

    "We believe, however, that these moves are necessary for Penn Traffic to exit Chapter 11 a stronger, more competitive company," Panagos said.

    Penn Traffic currently operates 211 supermarkets in New York, New Hampshire, Vermont, Pennsylvania, Ohio and West Virginia. Its supermarkets operate under the names P&C, Big Bear, Quality and Bi-Lo. It has approximately 16,000 employees.

    Penn Traffic expects court approval for the closings by the end of October, said Marc Jampole, a spokesman for the company. The stores would be closed by the end of the year, he said.

     

    Originally published Saturday, October 11, 2003
     

     
     
    Contact Us

    The Fairfield County Department of Economic Development is eager to assist you in whatever way it can.  Please contact us at the following:

    Fairfield Co. Department of Economic Development
    David R. Zak, Director
    210 E. Main Street, Room 407  
    Lancaster, OH  43130   
    (Click here for Map & Directions)      
    Phone: 740.652.1546
    Cell: 740.215.3583
    Fax: 740.687.6048
    E-Mail: dzak@co.fairfield.oh.us

    Did you know Fairfield County has over $62 million in new investment announced in 2003?

    Did you know that Fairfield County is the fourth fastest growing county in Ohio?

    Did you know that Pickerington is the fastest growing city in Ohio?

    Did you know that Lancaster is the second fastest growing city in Ohio with a population over 35,000?

    Did you know that 56% of the county (33,700) leave the county every day to work?

    Did you know that the entire county is within 1 hour of two airports?

    Did you know that county wages are 68th lowest (out of 88) in Ohio?

    Did you know that 80-90% of the taxing districts in the county are below average?