Tops Bankruptcy

March 11, 2018

On February 21, 2018, Tops Holding II and its subsidiaries filed for bankruptcy. Tops is a grocery chain in the northeast with 169 owned stores and five franchise stores in upstate New York, northern Pennsylvania, and Vermont. 2017 audited financials showed a net loss of $80M on revenue of $2.5B ($14.3M per store, or $275k per store per week). Tops stores average about 45k sqare feet. Both size and sales are right on the per store industry average. Read More

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Toys r no longer US

March 9, 2018

Toys R Us will liquidate

This one is unraveling in a hurry.

Sadly but not unexpectedly, Bloomberg is reporting that Toys R Us (“TRU”) is prepping to liquidate its US stores completely.  This news comes on the heels of two prior announcements of store liquidations.  Read More

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