WOODBRIDGE, N.J. -- Pathmark Stores here said increased competitive pressures led to decreased sales and a loss during the third quarter ended Oct. 28.
Sales for the 13 weeks declined 3.7% from $1.03 billion in last year's like period to $990.3 million this year. Sales for the 39 weeks slipped 1.6% from $3.09 billion to $3.04 billion. Comparable-store sales were down 0.2% in both the quarter and year-to-date.
The company recorded a $3.7 million net loss for the quarter compare