News Release
FOR IMMEDIATE RELEASE:
DATE:
 January 19, 2005
CONTACT: Stefanie Zakowicz
716-635-5885

   
NY/PA VERSION - TOPS ANNOUNCES CLOSING OF SIX STORES IN OHIO
Buffalo, NY - Tops Markets announced today that it will close six underperforming stores in its Ohio market in order to remain competitive with its 49 remaining Ohio stores. The stores are spread throughout Northeast Ohio, including the cities of Cleveland and Akron (see attached list). We remain committed to the Ohio market and are taking these steps in order to strengthen our market position, overall, stated Max Henderson, executive vice president and general manager of Tops Markets.

The six stores employ approximately 390 associates, but Tops has yet to determine how many will actually be laid-off as a result of the closings due to factoring in retirement and attrition factors.

In addition, Tops will make some operational improvements in most of its remaining Ohio stores to ensure that they are meeting their customers needs while achieving financial objectives. Customers may see some changes in department structure and operational hours, as well.

Tops continues to invest in its stores, having introduced a new prototype in the Ohio market approximately one year ago. The new prototype was the footprint for the chains newest stores in North Tonawanda and Perinton, New York and will also be used for the major remodeling of its Maple-Bailey store in Amherst scheduled to open later this spring. In addition, two replacement stores are scheduled to open later this year in Dunkirk and Derby, New York.

- more - Tops Closes Stores in Ohio Page 2 of 2

About Tops Markets

Tops Markets, LLC, is one of six retail operating companies under Ahold USA, and the leading supermarket chain in Western New York. Tops currently operates 155 Tops Markets in three states in addition to one Martins Super Food Store and 202 convenience stores under the Wilson Farms, Sugarcreek and Tops Xpress banners, all in New York. Founded in 1962, Tops employs nearly 21,000 associates. For more information about Tops, visit the company's website at www.topsmarkets.com.

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TOPS MARKETS STORE CLOSING LIST

Store Address Date Opened Sq. Footage Landlord Details

1520 V-Odum Boulevard 8/30/2000 50,890 Daniel Weiner Fuel and pharmacy Akron, Ohio 44320

6711 Broadway Avenue 11/13/1970 47,235 Edens & Avant Cleveland, Ohio 44127

7300 St. Clair Avenue 3/15/1967 23,250 Bolger & Co., Inc. Cleveland, Ohio 441003

832 West Main Street 10/23/2002 47,262 Self Pharmacy and Charter Ravenna, Ohio 44266 One Bank

1600 S. Water Street 5/22/2002 49,400 Heritage Development Pharmacy and Charter Kent, Ohio 44240 One Bank

6601 North Ridge Rd. 12/5/2001 48,877 Heritage Development Madison, Ohio 44057

 

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