RX MARGINS DEEPEN PATHMARK LOSS

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

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 the full article

test - Advanced Registered User

Already a member? .