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Fairview
Tops purchased by Giant Eagle
By Kevin Kelley
Westshore
Published Oct. 18, 2006
It’s
one less thing the folks at Fairview Park City Hall have to worry
about.
The Tops
grocery store at Fairview Shopping Plaza on Lorain Road is among
those being purchased by Giant
Eagle. The store will close in December and reopen in January
under the new name.
“This is excellent
news for our city and for this business district on Lorain Road,”
Fairview Park Mayor Eileen Patton said. “We have a very strong and
dedicated customer base of residents who have supported our present
Tops store and we look forward to welcoming Giant Eagle to our community.”
In addition
to the Fairview Park location, Giant Eagle is purchasing 17 other
Tops stores in Northeast Ohio.
Between
Dec. 7 and Dec. 20, the Fairview Park Tops will begin laying off
its 81 employees, Patton said. However, they will have the opportunity
to reapply for jobs at the new Giant Eagle.
Jim Kennedy,
Fairview Park’s director of development, said it’s unfortunate the
employees will experience at least some economic uncertainty, especially
shortly before Christmas. However, he’s glad Giant Eagle will be
taking over the store.
“We’re very
happy with that,” Kennedy said. “We don’t like vacant stores.
“I think the
store will do very well there.”
The fates of
28 remaining Tops stores, including those in Westlake and North
Olmsted, remain in doubt. Those stores will continue to operate
under the Tops banner over the next few weeks.
“Tops continues
to work with prospective purchasers for the remaining stores and
will be finalizing additional agreements by the end of the year,”
a company
statement said last week. “Associates, customers, appropriate
government officials and vendors are today (Oct. 10) being notified
of Tops’ intention to exit the market by the end of the year.”
Tops spokesman
Denny Hopkins said chances are the remaining Tops stores will close
by the end of the year if no buyers are found before then.
“Our goal is
to sell all of the locations by the end of the year,” Hopkins said.
Westlake Economic
Development Director Robert Parry said he hopes another grocery
store will move in to the Tops location on Columbia Road.
“I think there’s
enough of a market there to support a grocery store,” Parry said.
Because the
store is smaller than the newer superstores many grocery chains
now utilize, Parry speculated that the location might fit a specialized
grocery chain.
In Lakewood,
Giant Eagle will move across Detroit Road to a soon-to-be-vacated
larger Tops location. The store will re-open under the Giant Eagle
sign in mid-December.
At his Lakewood
office Friday, U.S. Rep. Dennis Kucinich held a meeting of local
community, political and union leaders to discuss the potential
loss of about 4,000 jobs if the remaining Tops stores close.
On Monday, Kucinich
wrote U.S. Attorny General Alberto Gonzales and members of the Federal
Trade Commission asking that they investigate the sale.
Kucinich said
he’s concerned about the loss of competition that Tops’ departure
from the region could have. Giant Eagle already operates 112 stores
in the state.
“There’s a great
deal of concern if stores close that monopolies would be created
and it would affect the price of food,” Kucinich told West Life
Friday.
The congressman
said he hopes to meet with officials from both Tops and Giant Eagle.
“We’re not going
to sit back and let these stores be closed without an effort,” Kucinich
said. “We’re going to try and save these stores and save these jobs.”
Crain’s
Cleveland Business reported in its Oct. 9 edition that an unidentified
private equity firm was pursuing the Tops stores. The would-be investor
could involve a locally based grocer, the
paper reported.
Ahold,
the Dutch parent company of Tops, announced its decision to divest
of its Northeast Ohio Tops stores in July.
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