MONTVALE, N.J. — Count Pathmark among the unexpected victims of the recession. The newly integrated division of A&P saw sales, profits and traffic plummet in the fiscal fourth quarter, sending A&P to a $111.1 million loss and subsequent analyst downgrades and a vigorous stock sell-off. Officials last week acknowledged Pathmark — despite having a good reputation for value — had let prices drift too high, and then acted too deliberately to reposition the banner as the recession drove ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.