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Partnership approach helps Tops trim costs.
Byline: Sukanya Jitpleecheep
Aug. 5--Central Food Retail Co, (CFR) the operator of the Tops supermarket chain, has explained its new business strategy under which Tops is seeking out existing stores to create partnerships as Tops outlets.
The strategy was launched quietly early this year to bring some economies of scale to Tops, which faces rising costs linked to energy and intense competition.
CFR president Ian Pye said the company planned to open 10 Tops outlets in the second half of this year, of which nine would either replace existing supermarkets or be located in department stores. Two new locations are in the Nasa Department Store in ...
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Source: HighBeam Research, Partnership approach helps Tops trim costs.