Pathmark's Struggles Sink A&P

MONTVALE, N.J. — Count Pathmark among the unexpected victims of the recession. The newly integrated division of A&P saw sales, profits and traffic plummet in the fiscal fourth quarter, sending A&P to a $111.1 million loss and subsequent analyst downgrades and a vigorous stock sell-off. Officials last week acknowledged Pathmark despite having a good reputation for value had let prices drift too high,

MONTVALE, N.J. — Count Pathmark among the unexpected victims of the recession.

The newly integrated division of A&P saw sales, profits and traffic plummet in the fiscal fourth quarter, sending A&P to a $111.1 million loss and subsequent analyst downgrades and a vigorous stock sell-off.

Officials last week acknowledged Pathmark — despite having a good reputation for value — had let prices drift too high, and then acted too deliberately to reposition the banner as

Register to view the full article