News Release
FOR IMMEDIATE RELEASE:
DATE:
 March 25, 2010
CONTACT: Katie McKenna
kmckenna@topsmarkets.com

   
ITHACA, NY P&C STORE TO CLOSE APRIL 18 AS TOPS MARKETS CONTINUES REVIEW OF PENN TRAFFIC LOCATIONS
WILLIAMSVILLE, N.Y. –Tops Friendly Markets, a leading full-service grocery retailer in Western New York, Central New York, including Rochester, and Northwestern Pennsylvania, announced today that as part of its review process of the acquisition of a majority of Penn Traffics assets, the P&C store located at 212 Hancock Street in Ithaca, NY will close on April 18.

Among several criteria used in the evaluation process have been economic viability, current store condition, and the ability for the store to successfully compete in the marketplace. Management and UFCW Local One will be working together over the next few days to address issues including re-employment.

Tops Markets announced on Jan. 29 that it had completed the bankruptcy court-approved acquisition of a majority of Penn Traffic’s assets, including 79 supermarkets over a four-state area. Tops continues to evaluate all stores in seeking the best possible outcome for the remaining locations. An FTC review of all locations is also pending.

Tops Markets, LLC, is headquartered in Williamsville, NY and operates 76 full-service supermarkets – 71 company-owned and five franchise locations. With over 10,000 associates, Tops is a leading full-service grocery retailer in Western New York, Central New York, including Rochester, and Northwestern Pennsylvania. In January 2010, Tops completed the acquisition of a majority of assets of Penn Traffic, including its 79 supermarkets. For more information about Tops Markets, visit the company's Web site at www.topsmarkets.com.

 

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