Pathmark Stores (NASDAQ:PTMK)
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Pathmark Stores, Inc. (Nasdaq: PTMK) announced today that it has joined
Topco Associates LLC, a privately-held national cooperative that helps
its members leverage their collective volume in realizing cost
efficiencies in the area of product procurement. Pathmark will
participate in Topco’s private label programs
involving Grocery, Health and Beauty Care, General Merchandise, Frozen,
Dairy and Bakery.
Ken Martindale, Co-President and Chief Marketing and Merchandising
Officer of Pathmark stated, “We are pleased to
become a member of Topco and take advantage of the many high quality
products and cost containment opportunities that Topco offers. As one of
Topco’s 60 member companies, we join a
cooperative that has aggregated purchasing power of more than $5.6
billion. We expect to realize significant benefits, in particular, this
partnership will help to strengthen our private label program and it is
another major step in our repositioning of Pathmark.”
About Pathmark Stores, Inc.
Pathmark is a leading regional supermarket chain currently operating 141
supermarkets in the New York- New Jersey and Philadelphia metropolitan
areas. Additional information about Pathmark may be found at its
website, www.pathmark.com.
About Topco
Topco Associates LLC is a privately-held company with revenues of $5.6
billion. The company specializes in aggregating the purchases of its 60
food industry member-owners in the procurement of a broad range of
products and services. Topco leverages the volume, knowledge, and
commitment of its member companies to be the least cost and most
effective provider of quality goods and services for the food industry.
Additional information about Topco may be found at its website, www.topco.com.
Pathmark Stores, Inc. (Nasdaq: PTMK) announced today that it has
joined Topco Associates LLC, a privately-held national cooperative
that helps its members leverage their collective volume in realizing
cost efficiencies in the area of product procurement. Pathmark will
participate in Topco's private label programs involving Grocery,
Health and Beauty Care, General Merchandise, Frozen, Dairy and Bakery.
Ken Martindale, Co-President and Chief Marketing and Merchandising
Officer of Pathmark stated, "We are pleased to become a member of
Topco and take advantage of the many high quality products and cost
containment opportunities that Topco offers. As one of Topco's 60
member companies, we join a cooperative that has aggregated purchasing
power of more than $5.6 billion. We expect to realize significant
benefits, in particular, this partnership will help to strengthen our
private label program and it is another major step in our
repositioning of Pathmark."
About Pathmark Stores, Inc.
Pathmark is a leading regional supermarket chain currently
operating 141 supermarkets in the New York- New Jersey and
Philadelphia metropolitan areas. Additional information about Pathmark
may be found at its website, www.pathmark.com.
About Topco
Topco Associates LLC is a privately-held company with revenues of
$5.6 billion. The company specializes in aggregating the purchases of
its 60 food industry member-owners in the procurement of a broad range
of products and services. Topco leverages the volume, knowledge, and
commitment of its member companies to be the least cost and most
effective provider of quality goods and services for the food
industry. Additional information about Topco may be found at its
website, www.topco.com.