NEW YORK -- Pathmark Stores expects inflation to keep pressuring gross margins for the foreseeable future, Eileen Scott, chief executive officer, told an investors conference here this month.
"We are trying to get comparable-store sales back by making changes in our promotional strategy," she said, "but until inflation abates a bit, the pressure will remain on gross margins.
"However, we're comfortable that our promotional tactics will get us back to where we need and want to be on comps." ...
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