Winn-Dixie is reportedly planning to close almost 200 locations in a potential bankruptcy
- The parent company of supermarket chain Winn-Dixie is preparing for a potential bankruptcy filing, Bloomberg reported Friday.
- Almost 200 of Winn-Dixie's roughly 500 locations are set to close.
- The grocery industry has seen a major shakeup with the rise of e-commerce and Amazon's acquisition of Whole Foods.
A regional supermarket chain is reportedly planning to close up to 200 shops as its parent company prepares to file for bankruptcy.
Bi-Lo LLC, the parent company of Winn-Dixie, is preparing a potential bankruptcy filing as soon as next month, people with knowledge of the situation told Bloomberg.
Winn-Dixie will shutter close to 200 locations either before or after the filing, one person with knowledge of the situation told Bloomberg.
There are currently roughly 500 Winn-Dixie locations in the Southeastern part of the US, primarily in Florida.
Amazon's acquisition of Whole Foods in 2017 has served as a major shake-up in the grocery business, as retailers such as Walmart and Kroger are making major investments into e-commerce. American grocers are also facing increased competition as lower-cost chains such as Aldi and Lidl enter the US market.
Winn-Dixie has struggled in recent years, with the chain previously filing for bankruptcy in 2005 and 2009. Bi-Lo acquired Winn-Dixie in 2012.
The Future of Retail 2018 by the BI Intelligence Research Team.
Get the Slide Deck Now »
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- Sustainable Waste Disposal
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market