CARTERET, N.J. - John Standley marked the first anniversary of his tenure as Pathmark's chief executive last week noting that merchandising initiatives launched under his watch have begun to improve sales but failed to stem red ink as quickly as he might have hoped. The retailer here said losses during its fiscal second quarter that ended July 29 totaled $8.8 million, vs. $5.1 million a year ago, while overall sales increased by 0.2% to $1 billion and comparable-store sales gained 0.5%. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.