Syracuse residents react to Tops bankruptcy reports
SYRACUSE, N.Y. -- More than 50 grocery stores in Central New York are in peril. The Tops franchise is allegedly filing for bankruptcy, according to a Bloomberg report. A representative for the company said in a statement, in part:
"Over the past several months we have been meeting with Financial Advisors hired by our international union to continually monitor the finances of Tops Markets. As reported earlier the company has hired Evercore (a global independent private investment firm) to help them restructure their enormous debt."
Filing for bankruptcy doesn't necessarily mean they would close, but neighbors are concerned about tops' future.
"It's just convenient. I don't have a car, so I don't go to any of the other stores," said Dan Hopkins.
Shoppers at another Tops location say they share the same concerns. They appreciate how close Tops is to their home.
"It would be a bummer to the community for sure. I mean, there's a lot of people that use this store that walk here," Jamie Vonhendy said.
He has a large family to provide for and the prices here are attractive.
"For it to close, it would mean we'd have to go somewhere else, which would be out of our budget, especially Wegman's. Wegman's is a little overpriced," Richard Jenkins said.
But for Jenkins, it's not just about the good deals, but also about a sense of community and people he cares about losing their jobs.
" My daughter used to work here. A lot of these people, they're neighbors and they're friends," he said.