Slow sales, higher expenses trigger Tops' 3Q loss

Slow sales, higher expenses trigger Tops' 3Q loss

Rapid gasoline deflation and slow grocery inflation led to flat quarterly sales and comps and a $5.2 million loss, parent company Tops Holding II said.

For the fiscal third quarter ended Oct. 3, net sales decreased 3.4% to $560.7 million, Tops said, primarily due to a 30.3% decline in the average retail price per gallon of gasoline, along with the effect of lost sales due to 27 in-store pharmacies that closed earlier thi

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