We hadn't heard much news from Southeast grocer Winn-Dixie over the last few years, at least any bad news. But that changed yesterday when the company announced it would close 30 stores by September.
Of course, the big bad news took place in 2005 when Winn-Dixie filed for bankruptcy, exited some regions and closed several stores. It operated 913 stores at that time and currently has 515 units.
The company did not say where it will be closing locations in this latest round, but a full list is supposed to be available on its Web site tomorrow. Management cited a tough economic environment and an overall cost-cutting strategy as the reasons for the closures.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
