Small Business Resources, Business Advice and Forms from AllBusiness.com

Exiting N.E. Ohio, Tops Sells 7 More Stores

WILLIAMSVILLE, N.Y. -- On the eve of its departure from the northeast Ohio market, Tops Markets said Thursday that it had sold seven more of its grocery stores, leaving 17 of the original 46 Tops units still unsold.

Westlake, Ohio-based Rego's Fresh Market purchased

Tops stores in Cleveland and in Westlake; Cleveland, Ohio-based Heinen's bought the Strongsville Tops; former Cleveland supermarket operator Steve Rogers purchased a Tops in Cleveland; Lorain, Ohio-based Apples parent company Cascade Management Services bought the Sheffield Tops in Lorain County; and Giant Eagle said it was close to signing a deal to purchase the Streetsboro Tops, in addition to the 15 stores in the region it has already bought.

Also, a company called Crystal Capital has bought both the real estate and a Tops store in Cleveland.

Earlier, Wooster, Ohio-based Buehler's bought the Brunswick Tops; Cleveland Heights, Ohio-based Zagara's Marketplace purchased the Richmond Heights Tops; and Fairbury, Ill.-based Dave's Supermarkets bought four Tops locations in October.

Giant Eagle and Dave's Supermarkets have hired almost all of the Tops associates at the stores they bought, and they plan to absorb about 500 more. Buehler's, which doesn't have unionized employees, said it would staff its new store with its own associates.

Tops employees who stayed at the 17 unsold stores are now unemployed. Tops said it would continue to market those sites.

UFCW Local 880 said it would contact Rego's and Steve Rogers to ask them to hire former Tops workers.

In addition, make sure to read these articles:

  • The Magic Advertising Formula
  • Great advertising runs the risk of being criticized. Bad advertising runs the risk of not being noticed at all. You've seen those bad ads. They ......
  • Buying Where They Treat You Well
  • It began as an innocent conversation about how great Trader Joe's is. If you're not familiar, TJs has over 200 stores in 19 states with ......
  • Sperry, Hutchinson, and the Hotel, Part III
  • The simplest and most direct way to earn customer loyalty is to recruit loyal customers. If you find the right customers to begin with, your ......
  • Tweeter Exiting B&O Business
  • Canton, Mass. — Tweeter Home Entertainment Group is divesting its six Bang & Olufsen retail stores. The chain acquired the franchised stores — five in ......
  • Redditt Exiting Spe Corporate After Two Years
  • Two and a half years after joining then-floundering Sony Pictures Entertainment, Bruce Redditt, executive vp corporate communications and governmental relations, is exiting the company effective ......
  • MasterClasses on strategies for exiting and influencing
  • HEADNOTE TRAINING Two CIPS MasterClasses will take place in London early next year. Developed with aspiring leaders in mind, the events take place in an ......
  • Isaak Exiting Vh1 For Management
  • VH1 executive vp talent relations and music programming Wayne Isaak is exiting his post to start his own artist management company.
  • Celanese exiting textile arena
  • New York— Celanese Acetate says it will stop producing filament fibers in mid-2005, thereby exiting the textile business. The company said the decision stems from ......
  • Sears Exiting 7 CE Categories
  • Hoffman Estates, Ill.— Sears is overhauling its CE assortment and will redesign its electronics departments to better accommodate the new mix. The improved merchandise offering ......
  • Exiting Successfully in a Weak Economy and CreditCycle.
  • Forbes M&A and Denver's Top Transaction Experts Host a Timely Workshop ENGLEWOOD, Colo. -- Colorado business owners, partners, and executives of privately held companies who ......
  • Demesquita Exiting Pr Post At Wma
  • WMA senior vp worldwide public relations Don DeMesquita is exiting his post June 28 after four years in the job. No replacement has been named ......
  • Fitch Ratings Releases 'Exiting the Closed Block' Report.
  • Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 8, 2003 Fitch Ratings has recently issued a Special Report titled 'Exiting the Closed Block' which discusses rating considerations that Fitch ......
  • Sony BMG Promotion Exec Exiting
  • Spitzer: "Investigations go way beyond Sony BMG." ......
  • Par Buyer Ferraro Exiting Studio
  • John Ferraro, senior vp worldwide acquisitions and co-productions at Paramount Pictures, is exiting the studio after his three-year contract expires at the end of the ......
  • Analysts: Safeway May Be on Verge of Exiting Chicago
  • NEW YORK - No. 2 supermarket chain Safeway Inc. may be on the verge of exiting Chicago, where its Dominick's chain has suffered about four ......