Pathmark

Grocery chain serving NY/NJ and Philadelphia metro areas.

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Headquarters:
2 Paragon Dr.
Montvale, NJ 07645
Employees: 20,000
CEO: Sam Martin
Subsidiary of Great Atlantic Pacific and Tea Co.

Website: http://www.pathmark.com

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Pathmark operates over 100 supermarkets in four states - New Jersey, New York, Pennsylvania and Delaware - serving the NY/NJ and Philadelphia metro areas. The company has stores that are located in both urban and suburban marketplaces, and is particularly noted for its historical commitment to opening stores within the inner-cities of the region.

Pathmark supermarkets were acquired by Great Atlantic Pacific & Tea Company in 2007 which also operates A&P, Waldbaum's, Superfresh and The Food Emporium markets.

The company filed for bankruptcy in December 2010 and has been closing or selling underperforming stores.

Pathmark stores had $3.45 billion in revenues in fiscal 2010, down from $3.85 billion.

History

The name Pathmark was established in 1968 by its founding fathers, Herb Brody, Milton Perlmutter and Alex Aidekman. This new company would provide a "path" for easy, one-stop shopping, and be the "mark" of one of the most successful supermarket retailers in the United States.

The company was a pioneer in the "super center" concept, which combined traditional grocery and perishable items with expanded offerings on non-foods, including small appliances. Pathmark was the first supermarket company in the Northeast to operate its stores 24 hours each day, 7 days a week. Also, the company was among the first in the Northeast to utilize scanning registers at the checkout.

In 1987, the company executed a management led, leveraged buyout with Merrill Lynch Capital Partners as the primary source of funding to avert a hostile takeover by the Dart Group.

In July 2000, Pathmark filed a petition for relief under Chapter 11 of the Bankruptcy Code, and emerged as a publicly traded company in September of the same year.

Pathmark was acquired by Great Atlantic Pacific & Tea Company in 2007.

Updated January 2, 2012