Pathmark Stores, Woodbridge, N.J., reported that its sales for the first quarter ended May 4, down 7%, were impacted by the sale or closure disposition of its 36 freestanding drug stores, which generated sales of $400,000 in the quarter and $45.5 million a year before. Supermarket same-store sales fell 3.5%, due in part to inclement weather and numerous store openings and remodels by competitors, Pathmark said. sposition of the other units is slated to be done by the end of summer.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.