US regional grocer Pathmark stores has reported a fall in quarterly earnings as it struggled to cut costs.
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Pathmark, which operates more than 100 supermarkets mainly in the New York, New Jersey and Philadelphia areas, reported earnings for its fiscal first quarter to 3 May were $0.9m, compared to $2.1m in the year-ago period.
The retailer’s quarterly sales increased 2.9% to $1.0bn, while same-store sales rose 1.9%.
