Mi Pueblo Cites 16% Decline in Traffic
Mi Pueblo Food Centers, which is seeking to reorganize under Chapter 11 bankruptcy, said customer tr…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.