Economy

Tops Markets Could File for Bankruptcy, According to Bloomberg

Tops Markets Could File for Bankruptcy, According to Bloomberg

Winn-Dixie has struggled in recent years, with the chain previously filing for bankruptcy in 2005 and 2009. That's according to sources with knowledge on the matter.

Around the time it files for bankruptcy, likely in March, Bi-Lo is planning to close nearly 200 stores, Bloomberg reported, citing an anonymous source with knowledge of the matter.

Four brands of dog food recalled for containing euthanasia drug
The company voluntarily pulled specific shipments of its Gravy Train , Kibbles "n Bits , Skippy and Ol" Roy wet canned food. The Clean Label Project is a non-profit aimed at educating people about toxins in products, including pet food.

With more and more competitors, the grocery industry is even more challenging these says than it was in the past.

According to Bloomberg, the owner of Tops Friendly Markets may be preparing for bankruptcy. "The moves threaten to force older chains to either consolidate or revamp their operations".

Canada dealt 1st Olympic loss since 2010
The Czech Republic came out strong with 40 shots on goal, setting a tone for the rest of the contest. The team also have the top penalty-killing unit, having yet to allow a goal while down a player.

A Reuters report last month said that in addition to its debt, Tops has significant pension liabilities. Bi-Lo acquired Winn-Dixie in 2012. It also operates the Harveys and Fresco y Mas chains.

The supermarket chain is based in Williamsville, and has about 170 stores in NY, northern Pennsylvania, and western Vermont.

Next Windows 10 update brings new 'Ultimate Performance' mode to desktops
To submit feedback please use the Feedback Hub and file your feedback under Power & Battery Setting category. You can set it yourself, but PC makers will have the option of shipping systems with the feature turned on.

Another blow to sales came when the USA government cut food-stamp subsidies, whose users contribute about 10 percent of annual revenue. Management bought out Morgan Stanley in 2013 through another leveraged transaction.


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