Wednesday, February 21, 2018

Supermarket chain files for bankruptcy protection

Chain Store Age

A heavy debt loan and increased competition from the likes of Walmart, Amazon and others have taken a toll on Tops Friendly Market.

The regional grocery store operator on Wednesday filed for Chapter 11 bankruptcy protection. Tops, which operates some 169 supermarkets in Upstate New York, northern Pennsylvania and Western Vermont, said all stores remain open.. . . more