Headlines

Marking the Path

Pathmark reports income hike for 4Q

Published

20 years ago

April 5, 2004

admin1

Pathmark Stores Inc. (Carteret, N.J.) said its fiscal fourth quarter net income rose 22 percent, as it benefited from merchandising changes and cost-cutting.

Sales for the quarter rose 1 percent. Same-store sales rose 1.6 percent.

The 142-unit supermarket chain said the sales growth came despite continuing challenging market conditions. It said its overall results were helped by expense controls, a change in its advertising schedule, investments in new stores and store renovations.

Pathmark, which operates in four states — Delaware, New Jersey, New York and Pennsylvania — briefly operated under Chapter 11 bankruptcy in mid-2000, emerging after two months as a public company and $1 billion lighter in debt.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design