Mi Pueblo Cites 16% Decline in Traffic
summary：Mi Pueblo Food Centers, which is seeking to reorganize under Chapter 11 bankruptcy, said customer transactions fell 16% in November, vs. the year-ago period....
Mi Pueblo Food Centers, which is seeking to reorganize under Chapter 11 bankruptcy, said customer transactions fell 16% in November, vs. the year-ago period.In a filing last week with the U.S. Bankrupcty Court for the Northern District of California, Mi Pueblo reported total sales of $25.6 million in November, which fell about $2.97 million short of projections. The chain, which operates 20 supermarkets in the region, posted net income for the month of $1.3 million.
Since filing bankruptcy in July, Mi Pueblo reported sales of $100.6 million.
The company listed its total assets as $79.9 million, with total liabilities of $67.6 million.