| | Business Summary | | Pathmark
Stores,
Inc.
operates
138
supermarkets
in
the
New
York,
New
Jersey
and
Philadelphia
metropolitan
areas.
All
Pathmark
supermarkets
are
located
within
100
miles
of
the
Company's
corporate
offices
in
Carteret,
New
Jersey.
The
Company
provides
"one-stop"
shopping
with
a
wide
assortment
of
foods
and
general
merchandise.
Pathmark
supermarkets
average
52,500
total
square
feet
in
size,
and
incorporate
a
service
center,
pharmacy
and
an
expanded
non-foods
selection.
Pathmark
has
131
in-store
pharmacies
and
97
in-store
bank
branches.
On
July
12,
2000,
Pathmark
and
its
then
three
parent
entities,
PTK
Holdings,
Inc.
(PTK),
Supermarkets
General
Holdings
Corporation
(Holdings)
and
SMG-II
Holdings
Corporation
(SMG-II),
filed
a
prepackaged
plan
of
reorganization
in
the
United
States
Bankruptcy
Court.
On
September
19,
2000,
the
Company
formally
exited
Chapter
11.
As
part
of
the
plan,
PTK,
Holdings
and
SMG-II
all
merged
with
Pathmark,
with
Pathmark
being
the
surviving
entity. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Pathmark
Stores
Inc.
operates
138
stores
primarily
in
the
New
York
-New
Jersey
and
Philadelphia
metropolitan
areas
and
is
a
wholly
owned
subsidiary
of
PTK
Holdings,
Inc.
For
the
13
weeks
ended
5/5/01,
sales
increased
6%
to
$977.2
million.
Net
loss
applicable
to
Common
rose
96%
to
$61.4
million.
Revenues
reflect
higher
same
store
sales
and
the
addition
of
new
stores.
Higher
losses
reflect
the
amortization
of
excess
organization
value
and
higher
personnel
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| James Donald, 47
Chairman,
Pres, CEO | $4.8M | Frank Vitrano, 45
CFO,
Exec. VP, Treasurer, Director | 561K | Eileen Scott, 48
Exec.
VP of Marketing and Distribution | 551K | Robert Joyce, 55
Exec.
VP - Admin. | 507K | Joseph Adelhart, 54
Sr.
VP, Controller | -- | | Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/ptmk.gif)