The 46 stores are located in the Akron, Cleveland, Norwalk and Youngstown markets and employ about 3,800 people. Ahold's management has retained William Blair & Co. to market the deal.
During its first quarter, which was reported June 21, Ahold executives stressed that Tops stores were not performing well, and Ohio stores were hit the hardest. Tops' same-store sales fell 6.5% year over year, and net sales dropped 5.6%, to $1.8 billion.
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