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A&P revealed on February 27, 2007, that it was in talks to acquire Pathmark for $653 million.; the price of the chain went up over the next few days, and A&P announced on March 5th that it will buy Pathmark, for $1.3 billion which will be subject to certain approvals such as shareholder, state and federal anti-trust.

It is well known by baby-boomers for its radio and television commercials starring character actor James Karen, who was the chain's pitchman for more than 20 years.

Pathmark Sav-A-Center
In spring 2008, PathMark introduced a new "price impact" store concept, under the PathMark Sav-A-Center (pronounced save a center) brand. This format was introduced to remodeled stores in Irvington and Edison, New Jersey. [1] The Sav-A-Center name was previously used as a branding for A&P stores in the 1980s, and for an A&P-owned chain of stores in the New Orleans area which was sold in 2007.

Soon after the initial 2 units were tested, A&P announced that it was rolling out the format to 16 existing Pathmark Super Center stores as well as converting 8 of its 13 Philadelphia-area Super Fresh stores to the Pathmark Sav-A-Center banner.

To view the circular for your Pathmark store click HERE

Sales for the fourth quarter of fiscal 2005 were $993.3 million, a decrease of 0.4% from $996.8 million in the prior
year’s fourth quarter. Same-store sales decreased 0.8% in the fourth quarter of fiscal 2005. The Company
reported a net loss of $14.6 million, or $0.28 per diluted share, in the fourth quarter of fiscal 2005 compared to a
net loss of $301.6 million, or $10.03 per diluted share, in the prior year’s fourth quarter.

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The results for the fourth quarter of fiscal 2005 and fiscal 2004 included the adjustments listed in Table C. Excluding these adjustments, the fourth quarter of fiscal 2005 net loss would have been $9.0 million, or $0.17 per diluted share, and the fourth quarter of fiscal 2004 net earnings would have been $1.3 million, or $0.04 per diluted share. Adjusted EBITDA in the fourth quarter of fiscal 2005 (which is reconciled to the net loss in Table E) decreased from $45.4 million to $27.0 million, primarily due to higher shrink and higher SG&A, particularly in energy-related costs. FULL PRESS RELEASE

Source: Pathmark.com | Discount coupons