Tops Markets To Exit Central, Eastern N.Y.
Williamsville, N.Y., Tops Markets will exit Central and Eastern New York with the elimination of 31 of its 152 locations, the grocer said yesterday. The locations include six stores that the Ahold USA unit agreed to sell to Price Chopper for an undisclosed sum.
The other 25 stores Tops plans to unload will remain open until the grocer finds buyers for them.
Wal-Mart Abandons Singles-Shopping Program
Bentonville, Ark., Though successful in its German stores, Wal-Mart has put an end to its Singles Shopping in the United States.
Active in just one store in Roanoke, Va., the Singles Shopping program had Friday-evening unattached customers adorning their shopping carts with a red bow to signal availability. “Flirt points” were set up in various sections of the store.
Complaints led to the dissolution of the program.
A&P Reports $89 Million Loss
Montvale, N.J., A&P reported a net loss of $89 million for the first quarter of the fiscal year ending June 18. Sales for the first quarter were $3.4 billion, a 3.1% increase. The loss includes $68 million worth of charges.
Christian Haub, CEO of A&P, said the company plans to complete the sale of its Canadian stores in the second quarter. He said A&P will use the proceeds of the sale to counter the loss and remodel stores. According to Haub, A&P is getting good returns on full-scale remodels of stores, which cost $1.5 million each, so the company plans to do more remodeling.