News came this morning that the parent company of P&C supermarkets is bankrupt, and will close its three Ithaca stores.
Apparently there is a possibility that a store, or stores, could re-open; but the parent company is in the middle of, not beginning, bankruptcy proceedings, so from outside it seems unlikely.
It is hard to imagine that the East Hill branch does not make money, with its favorable geographic and demographic location. But it might be more valuable to the company to sell than operate.
We are sorry for P&C's workers, who number over 100 in Ithaca.
Certainly, P&C has a legacy in Ithaca. But, among other factors, the arrival of Wegman's signaled a new era of high standards among food markets here.
For the sake of its workers, and the community at large, we hope the management of Tops is thinking hard.
for Ithaca NY Blog