CARTERET, N.J. — Charges related to its pending merger with A&P contributed to a loss of $8.5 million during the first quarter for Pathmark Stores here, the retailer said Wednesday. Pathmark reported pre-tax expenses of $5.2 million related to the proposed merger with A&P, Montvale, N.J. That deal, which was announced in March, is expected to close later this year. Pathmark also incurred expenses of $4.2 million related to labor buyouts during the 13-week period, which ended May 5. These expenses contributed to a steeper loss than the same period a year ago when Pathmark reported a $5.4 million loss. Sales were virtually unchanged at $999 million for the quarter, up from $998.5 million last year, Pathmark said.
Read More of Today's Headlines