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FINANCIAL WATCH 1996-06-17
Pathmark Stores, Woodbridge, N.J., reported that its sales for the first quarter ended May 4, down 7%, were impacted by the sale or closure disposition of its 36 freestanding drug stores, which generated sales of $400,000 in the quarter and $45.5 million a year before. Supermarket same-store sales fell 3.5%, due in part to inclement weather and numerous store openings and remodels by competitors,
June 17, 1996
1 Min Read
Pathmark Stores, Woodbridge, N.J., reported that its sales for the first quarter ended May 4, down 7%, were impacted by the sale or closure disposition of its 36 freestanding drug stores, which generated sales of $400,000 in the quarter and $45.5 million a year before. Supermarket same-store sales fell 3.5%, due in part to inclement weather and numerous store openings and remodels by competitors, Pathmark said.
sposition of the other units is slated to be done by the end of summer.
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