hey, Moron, I guess u were wrong again. Then you add BS too when u are wrong. You told me about five years ago it's your job to clean up sites like this from people like me. I guess you're not doing to good of a job. Im still here and so is Jen.. You are such an idiot. Go Bills
God must love stupid people; He made so many
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Well it seems that the debt. was used to pay off investors.
So instead of upgrading the stores or retiring older debt.
A few bigwigs got their investment back.
From the bloomberg article..."and debt was used to help finance at least $375 million in dividends for its private-equity owners".
Hillary will NEVER be President
Obama is a FORMER President
Joe Biden is in Scranton eating paste.
Tops is a sh#&hole, that’s what it comes down to. They dont keep up their stores and prices are higher than competition. Other retail has closed, as it has across the country, way too much brick and mortar to compete with online. Sears etc has closed thousands of stores across America, not just a local issue
I know that bankruptcy courts have a lot of power to make debt just go away. But it’s gonna be hard to just blink a half billion dollars in pension obligations into oblivion. If I’m a pension manager I sure as hell don’t want to trade the debt for stock in a company with one foot in the grave and the other on a banana peel. For sure, some of that pension obligation is gonna land on the taxpayers courtesy of the Pension Benefit Guarantee Corporation.
Not to mention the customer service is excellent at TJ's. As it is at Wegmans. So much for that union quality at Tops. Surly or rude staff, high prices and filthy stores = Tops. I have refused to shop there for years and will drive past two Tops stores to get to Wegmans.
I just think it’s gonna be a tough lift for Tops, even with the help of the bankruptcy court. Too much debt, they can’t seem to fund operations out of cash. A mess.
Made my first stop at Tops since they filed...the one on Maple Rd in Amherst near Blvd. Mall. About 11 am on a Sat morning, a busy time typically for grocery stores. There were customers and they had a heck of a deal on Cambell soup according to my wife. Comes checkout time and only 3 are open. There was a fairly long line at each one so a young fella grabs us and says he can take us at an empty register. We start unloading and 3 or 4 jump is the line behind us. He rings up everything and just as it’s time to settle up, he just walks away. People behind us start grumbling about where he went. Someone explained that he had to wash his hands after handling the meat...I hope they were speaking about the 2 beef roasts we bought!! Some stores keep hand sanitizer right at the register, ah well.
I only go to Tops for Ice cream and Buttermilk, almost everything cost much more that Price Rite or Aldi . Check out the mailed adds every weekend and the Top adds show they still do not compare with the others.
Buttermilk? I haven't heard that in a long time.
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