Winn-Dixie Closing 35 More Stores
By George Anderson
Winn-Dixie has concluded that it will need to sell or close another 35 store locations as part of its reorganization under Chapter 11 bankruptcy protection.
In a released statement made yesterday, the grocery chain’s CEO Peter Lynch said the company had completed its review of store operations. “We believe the 550 stores in our continuing footprint will provide us with the most solid possible foundation on which to build a more profitable future for Winn-Dixie.”
The grocer plans to close 28 stores in its home state of Florida, three in Georgia and two each in Alabama and Louisiana. It had previously closed 326 locations as part of its effort to turn the company around.
Moderator’s Comment: Have Peter Lynch and company put Winn-Dixie’s business in sufficient order to give the company a fighting chance once it emerges
from Chapter 11 bankruptcy protection? –
George Anderson – Moderator
- Winn-Dixie Completes Review of Store Base – Winn-Dixie Stores, Inc.
- Bankrupt Winn-Dixie closing 35 more stores –
The Associated Press/BusinessWeek Online