A federal bankruptcy court Thursday gave its approval to the Penn Traffic Company's plans to sell off nine of its Big Bear stores in Ohio.
Under the plan approved Thursday in U.S. bankruptcy court, Pittsburgh-based Giant Eagle will pay over $46 million for seven stores in Columbus, Marietta and Newark, Ohio.
Penn Traffic will sell its Big Bear store in the Plains, Ohio to Bob Bay and Son Company. Spokesperson Joe Ramierez says Penn Traffic is now asking a bankruptcy court for permission to close all big bear stores the company can't sell.
On Wednesday Big Bear announced they are closing all 67 of their stores in West Virginia and Ohio, including the one at the Park Shopping Center in Parkersburg.
A spokesperson says no closing date has been given for individual stores, but shoppers already miss their "bear".
“I've been shopping here about 24 years. It's going to be a little bit inconvenient. I'll have to look elsewhere,” says Paul Leach.
“They were always good to me, as long as you were good to the customers, there were no problems,” said former Big Bear employee JoAnn Bradley.
Going out of business sales begin Sunday
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