Tops Markets reveals ‘bounce back’ plan
Williamsville, N.Y.-based Tops Markets CEO Frank Curci says he is hopeful about the company’s future because of the retailer’s new private label strategy.
According to the Buffalo News, Curci has pinpointed private brand products as a method for getting the company back on its feet after filing for bankruptcy last November. The company appears to be following the footsteps of other major grocers in order to keep up with trends, such as offering meal kits, expanding prepared foods, grab-and-go items and ready-to-eat products, and investing in value-added services such as fruit butchers as particular growth opportunities.
The company is also beginning to invest in store remodels by rolling out a $40 million renovation plan after putting it on hold for the past couple of years. According to the article, Tops Markets is making up for lost time, aiming to overhaul 10 to 15 stores annually to align with its goal of revamping locations every seven years.
Curci believes that the company is getting back on its feet.
“Business is going good, the company's doing well. And we're back doing all the things that we should be doing,” Curci told the Buffalo News.
To read the Buffalo News article, click here.