MONTVALE, N.J. — A&P is planning a cost-effective “refresh” program at its recently acquired Pathmark stores designed to modernize their look, enhance perishable sections and reinforce a “price impact” message. Eric Claus, president and chief executive officer of A&P, in a conference call yesterday said the retailer could complete such renovations at all Pathmark stores within three years. “The overall state of affairs in those stores was not as bad as the A&P portfolio a couple of years ago,” he said. “They are a little dated, and they require some face-lifting.” A&P said sales for the third quarter, which ended Dec. 1 prior to the closing of the Pathmark deal, improved by 3.3% to $1.25 billion excluding discontinued operations, with same-store sales improving by 3.1% on the strength of a new pricing program and fresh-store remodels. Net income of $57.3 million, or $1.36 per share, improved by 40.8%.
Read More  of Today's Headlines