CARTERET, N.J. -- Pathmark Stores here said last week the sluggish economy and heightened competition had resulted in flat sales and declining comps for the 13-week first quarter ended May 4. During a conference call with analysts following the release of the quarterly results, Jim Donald, Pathmark's president and chief executive officer, said, "We're a regional company in a very tight region. Higher unemployment and a weak economy have impacted our sales." The results, which Donald called ...
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