News

Tops attributes Q3 increase to Penn Traffic acquisition

BY Alaric DeArment

WILLIAMSVILLE, N.Y. The parent company of regional supermarket chain Tops Markets had a 39% increase in net sales for third quarter 2010, according to financial results released Monday.

Tops Holding, which operates 127 stores in upstate New York and northern Pennsylvania, reported sales of $519.9 million for the quarter, a $146.6 million increase over third quarter 2009. Sales for the first nine months of the year were $1.73 billion, compared with $1.27 billion during the first nine months of 2009. The company said sales from the 55 stores of the bankrupt Penn Traffic that it now operates, having purchased them in January, contributed to the increase.

“We continued to demonstrate same-store sales growth and drove basket size through our marketing and advertising efforts,” Tops president and CEO Frank Curci said. “We also benefited from the acquired supermarkets as each store’s performance has strengthened from the rebranding to Tops.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Elmer’s takes glue products to the ‘max’

BY Allison Cerra

COLUMBUS, Ohio Elmer’s is extending its hardware line with two new "max" versions of its glue products.

Elmer’s new Carpenter’s Wood Glue Max and Glue-All Max products enhance the strength and performance of two of Elmer’s most well-known brands, the company said.

Elmer’s products are available nationwide.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Bendaroos help kids bend, stretch imagination

BY Allison Cerra

HAWTHORNE, N.Y. Budget-conscious parents looking to entertain their kids this holiday season can look no further than Allstar Products Group’s Bendaroos.

Bendaroos, the flexible, bending sticks that provide hours of fun, now are available in glow-in-the-dark and SpongeBob SquarePants packs. Available in a 500-piece pack for $19.99 and 300-piece pack for $14.99, Bendaroos are a great stocking stuffer for crafty kids. Other pack sizes available include 100- and 200-piece packs for $5.99 to $9.99.

"We understand families are still cautious when it comes to holiday spending, and we’re proud to offer a quality, creative play experience that engages children and doesn’t break the bank," said Anne Flynn, VP marketing for Allstar Products Group.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?