date:Apr 02, 2014
points increase in margin was mainly due to a mix as a larger portion of the recent period's sales were from higher margin inside sales.
Total operating expenses in the 2013 fourth quarter were $162.7 million, or 28.5% of net sales, compared with $147.3 million, or 26.3% of net sales, in the prior-year period. This increase reflects Tops' expansion and $15.8 million in transaction costs associated with the December 2013 management purchase of Tops (see Management Purchase below for details). As