Buffalo, N.Y. Tops Markets is considering opening seven to 10 new stores while investing $150 million in existing locations over the next five years, according to Business First of Buffalo.
The news comes nearly one year after Morgan Stanley Private Equity acquired the 76-store supermarket chain from Royal Ahold for $310 million.
About 60 Tops stores have been identified for renovations ranging from minor changes to multimillion- dollar renovations, the company said.
New stores will likely be constructed in Buffalo, Rochester and some areas in central New York state, the report said.