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First-quarter losses lead Tops to offer more promotions

Tops Markets said Thursday it will offer more promotions in the face of first-quarter losses.

The Amherst-based grocer blamed a lull in store traffic, price deflation and reduced federal funding of the Supplemental Nutrition Assistance Program for its 3.4 percent decline in comparable same-store sales in the first quarter.

"The first quarter certainly had its challenges, as we expected," said Frank Curci, Tops chairman and CEO, during a conference call Thursday.

As a result, Tops customers can expect to see more sales and deals in the upcoming quarter. The company said it would "ramp up" promotions in an attempt to drive growth in gross sales and revenues.

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