After Bankruptcy, What is Next for Tops?
What’s next for the Tops grocery chain after filing for bankruptcy last week? Whitman Assistant Professor of Supply Chain Management Patrick Penfield said there is a possibility that some will no appear on the shelves, but that the biggest issue the company faces is its debt load. However, with larger box stores and now online services also available, Penfield says it comes down to one main problem.
“It’s just incredible the competition in the grocery industry,” he said.