Pathmark Stores (NASDAQ:PTMK)
Historical Stock Chart
From Jun 2019 to Jun 2024
Since its inception over 38 years ago, Pathmark Stores, Inc. has always
operated by the principle of giving back to the community. In 2006,
Pathmark maintained its high standard for working with the neighborhoods
it services through a combination of both monetary and in-kind
charitable donations. With the support of its customers and associates,
Pathmark was able to provide assistance to over 5,000 non-profit
organizations in 2006. These included national charities such as Children’s
Miracle Network, March of Dimes, Making Strides Against Breast Cancer
and the Community Food Banks located throughout Pathmark’s
trade area. The balance of assistance was provided to community-based
organizations. In total, Pathmark donated over $3 million dollars to
these charities.
Two major beneficiaries of Pathmark’s
fund-raising efforts in ’06 were Children’s
Miracle Network and Making Strides Against Breast Cancer. Nearly
$600,000 was raised for CMN that doubled what was raised in the prior
year, while Pathmark continues to be the largest corporate fund-raiser
for the American Cancer Society’s Eastern
Division in its Making Strides Walk. In addition, at Pathmark’s
annual Food Show, held in September, the sample items were donated to
the Community Food Bank of New Jersey, totaling over 66,000 pounds of
product which was a record for any supermarket trade show held in the
state.
The company also continued its annual Warm Coat Drive and Toy Drive in
2006, providing a basic necessity and holiday gift to thousands of
people. Just over 5,400 coats were collected over a two-week period,
with Pathmark’s store in Howell, NJ leading
the way with over 400 coats donated. Over 6,400 toys were collected by
Pathmark’s 141 stores, with the Seaford, NY
store procuring nearly 1,000 toys for needy children. During the holiday
period, the Company and its associates hosted approximately 400 needy
families with its Adopt-a-Family Program and provided them with over
$100,000 worth of food and gifts.
Commenting on Pathmark’s 2006 charitable
giving program, company CEO John Standley stated, “I
wish to thank all those who provided financial or in-kind donations to
help those in need, as well as our associates who volunteered their time
and provided financial assistance to organizations in their communities.
It is gratifying to be able to provide assistance to so many worthwhile
causes and we look forward to continuing our support in 2007.”
Pathmark is a leading regional supermarket chain currently operating 141
stores in the New York, New Jersey and Philadelphia Metropolitan areas.
Additional information about Pathmark may be found at its website, www.pathmark.com.