MONTVALE, N.J. â€” Falling sales and store traffic in its newly acquired Pathmark division contributed to a quarterly loss of $111.1 million for A&P, the retailer here said Tuesday. The losses far exceeded analyst estimates and sent stock in the company tumbling by more than 37%. Officials in a conference call Tuesday said that prices at Pathmark had drifted out of line with its perception, and that business fell as A&P held back advertising while it worked to establish a strategic ...
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