Is Tops Friendly Markets Headed For Bankruptcy?

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Is Tops Friendly Markets in financial trouble?

A report on Bloomberg.com says Tops and Winn-Dixie may be preparing to file for bankruptcy. At this time there has been no official statement from Tops corporate offices and it’s not clear from the report if the bankruptcy would mean a closure of stores and liquidation or if it would be just a restructuring of debt. Tops Markets is based in Williamsville NY, with about 14,000 employees at 170 stores, mainly in Pennsylvania, New York and Vermont.

Winn-Dixie is based in Florida, with stores all located in the southeast US. 

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