It’s still too early to know if local Tops stores might be impacted by the company’s pending bankruptcy.
“No decisions have been made about potential store closings,” reported Tops Friendly Markets spokeswoman, Kathleen Romanowski, on Friday in response to reports the company is considering closing a few of its underperforming stores.
The Era had contacted Romanowski for information regarding the status of the Tops store in Bradford, which is one of 169 stores in upstate New York, northern Pennsylvania, Massachusetts and western Vermont.
The Buffalo (N.Y.) News reported Friday that filings with the U.S. Bankruptcy Court show Tops is seeking permission to proceed with store closings and hire a liquidation company to help with the process. The newspaper reported that nearly one in eight of the company’s 169 stores may be considered for closure.
In addition to Bradford, local Tops supermarkets operate in Kane in McKean County, as well as in Olean, Ellicottville and Randolph in Cattaraugus County, N.Y., and Wellsville in Allegany County, N.Y.
The supermarket chain first announced it was exploring filing for bankruptcy in February.
At that time, Tops Markets LLC officials had stated the company, with hundreds of millions in debt, would seek Chapter 11 bankruptcy protection this year.
Frank Curci, CEO and chairman of Tops, had stated in a press release the supermarket chain was planning for all daily operations at Tops stores to continue as normal through the filing process. Curci had also told news sources the filing process would take about six months, during which time they would review performances at each of its 169 stores.
Curci reportedly had stated the company might close their weakest performing stores, but had said he didn’t expect many to be closed.
The chain, which opened its first supermarket in Niagara Falls in 1962, employs over 15,000 people.