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Haub Sees Pathmark as ‘Price Impact’ Format
A&P envisions an integrated Pathmark as a full-shop complement to its Food Basics discount banner, Christian Haub, executive chairman of A&P, told attendees at the Goldman Sachs Global Retail Conference last week.
1 Min Read
JON SPRINGER
NEW YORK — A&P envisions an integrated Pathmark as a full-shop complement to its Food Basics discount banner, Christian Haub, executive chairman of A&P, told attendees at the Goldman Sachs Global Retail Conference here last week. A&P, based in Montvale, N.J., expects to win approval to purchase Pathmark later this month. “We see Pathmark as a price-impact format — a format that does well in urban and ethnically diverse markets, and in markets where the consumer is not necessarily seeking the fresh solution but wants a competitive shop and a full-store offering,” said Haub, adding that Pathmark “gives us a format for every consumer in the market without overlapping.” Haub said A&P expects to have clearance from the Federal Trade Commission to pursue its merger on or before Sept. 25, but said the FTC will likely require store divestitures that will need to be completed before the deal is consummated.
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