News Release
FOR IMMEDIATE RELEASE:
DATE:
 October 19, 2005
CONTACT: Denny Hopkins
717-240-1566

   
TOPS MARKETS SELLS 12 EASTERN NEW YORK STORES
Buffalo, NY - Tops Markets announced today the sale of twelve of its stores located in the Adirondack region to C&S Wholesale Grocers. C&S will assume operation of these stores beginning mid-February 2006. In the interim the stores will remain open and operate as usual. The twelve stores that have been sold include:

-100 Utica Street, Hamilton

-622 Flower Avenue, Saranac Lake

-335 Court Street, Elizabethtown

-Route 9 North & Sagamore Road, Bolton Landing

-54 Church Street, Saranac Lake

-24 Main Street, Ausable Forks

-1103 Route 9, Schroon Lake

-50 South Main Street, Peru

-Main Street, North Creek

-100 Main Street, Corinth

-3836 Main Street, Warrensburg

-6308 Route 9, Chestertown

C & S Wholesalers' future plans for the store locations are not known at this time. Tops purchased the stores from Grand Union in 2001.

Tops Markets announced last July its intent to seek buyers for its 31 stores located in Eastern New York and the Adirondack region as part of the chain's long-term strategy to redefine its core markets. Since that announcement eight stores have been sold. Price Chopper has purchased six stores and the landlords of two stores have reacquired the properties. The remaining 11 Eastern New York stores, which include locations in Norwich, New Hartford, Utica, Rome, Keeseville, Port Henry, Willsboro, Whitehall, Ticonderoga, Lake Placid and Clinton, will continue to operate until buyers can be found. Tops is currently undergoing communications and negotiations in seeking the best possible outcome to protect the value of its business and for its associates.

Tops Markets, LLC, headquartered in Williamsville, NY is one of four retail operating companies under Ahold USA and is a division of Giant Food Stores in Carlisle, PA. Tops currently operates 146 Tops Markets, 4 Martin's Super Food Stores. With nearly 18,000 associates, Tops serves a three- state market area. For more information about Tops Markets or Martin's Super Food Store, visit the companies' websites at www.topsmarkets.com or www.martinsuperfood.com.

 

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