Winn Dixie Parent to Close 94 Stores as Part of Prepackaged Restructuring

17 March, 2018, 01:32 | Author: Elaine Woods
  • BI-LO storefront

The grocery chain, which is the parent company of Winn-Dixie and Harveys, announced the closures Thursday as part of a restructuring plan created to allow more than 500 other locations to keep their doors open. In order to reduce its debt by almost a half-billion dollars, they have made the "difficult but necessary decision" to close 94 underperforming stores, including the Winn-Dixie chain.

Southeastern Grocers' spokesperson Joe Caldwell says the company wants to keep as many employees as possible.

None of the BI-LO stores in Greer will be closed.

"We are excited to emerge with the optimal store footprint and greater financial flexibility to invest in Southeastern Grocers' growth".

Motorola Moto G6 and E5 might soon launch in the Asian market
The Moto G6 series is expected to come with Moto G6 and G6 Plus whereas the Moto E5 series will have the Moto E5 and Moto E5 Plus. It is said to have a dual camera setup comprising of a 12MP and a 5MP sensor , while a 16MP sensor will be placed up front.

President Buhari Does Not Condone Incompetence, Says Adesina
Femi Adesina, had said this while answering questions during a radio programme, Political Platform, on RayPower FM. He said the fact remained that Buhari was in full charge of the government and he had been running it efficiently.

Ford touts new product line, teases new unnamed, off-road small utility vehicle
The Blue Oval says it's "going all-in on hybrids", including versions of the F-150 truck and Mustang sports vehicle . The next three years will see several upgrades for Ford's popular F-Series pickup truck line as well.

"I have to go all the way up to Norman to Winn-Dixie or Walmart", said Taylor, who noted that she plans to continue shopping at her favorite Harveys until it's no longer an option. The stores remaining are located at 6770 Veterans Parkway, 4231 Macon Road, and 3952 Highway 80 in the Ladonia Area of Phenix City.

The company expects to file under Chapter 11 of the U.S. Bankruptcy Code by the end of March, and complete the restructuring in 90 days. In Orange Park, the Winn-Dixie at 248 Blanding Blvd is closing. "Taking this step was critical to our future and the long-term health of our business", the company stated on its website. Ten stores in Alabama are being closed.

The store closures will take place in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and SC. They've classified the stores that will be closing as "under performing". SG says the move will reduce its debt by more than $500 million.

The store on Dale Mabry Boulevard near I-275 is on the list of "underperforming" stores that will close as part of a bankruptcy deal.

Recommended:



Popular

Patriots acquire Jason McCourty from Browns
McCourty joined the Browns after eight years with the Tennessee Titans , who selected him in the sixth round of the 2009 draft . The following year, McCourty was a bit more productive, registering 44 total tackles, two interceptions and 10 pass defenses.

US Picking Up Taliban Interest In Afghan Peace Talks: Mattis
Mattis focused on what "victory" would look like, and offered a glimpse into U.S. strategy for achieving it. The top commander of USA forces in Afghanistan says time is ripe for peace negotiations with the Taliban.

Walmart expanding grocery delivery
The company plans to reach a 40% USA online growth target by 2019. "We will be pretty aggressive with it". The move seems like an obvious retaliation to Amazon's Whole Foods grocery delivery service .

Prudential to demerge fund management business
We believe this shows the United Kingdom market has matured, remains very competitive and can cope with this kind of change. The annuity sale is the largest of its kind in the United Kingdom and covers 400,000 policyholders.

Champions League heartache not new for United, insists Mourinho
But it was to little avail as United have now failed to reach the quarter-finals for four straight years. Hopefully, I can get some game time and I am still enjoying training.

Ex-Raiders CB Sean Smith gets 1 year in jail for assault
The longtime boyfriend of Smith's sister was trying to intervene in a dispute between the siblings, the prosecutor said. Smith is primarily a blocking tight end, and Gruden professed his liking for those at the combine in Indianapolis.

Stormy Daniels offers to buy back her right to talk about Trump
Jackson told the News Friday that she didn't recall the document and declined to be interviewed, the paper said. She has sued Trump , claiming the NDA form is invalid because he didn't sign it.

Bairstow ton helps England win series against New Zealand
Having been put into bat, New Zealand suffered a huge early blow when Munro went for a duck with the third ball of the match. England then exerted itself and shut down the run flow for more than an over, tipping the balance of the match in its favor.

Kante given all clear for Palace clash after passing out
The defending Premier League champions are on a hard run of form to heap pressure on their Italian head coach Antonio Conte . Asked if he can handle Chelsea , Hodgson continued: 'I hope he can, but it will be another big demand placed upon him.

Erdogan: Turkish Forces to Enter Afrin At Any Moment
Turkey regards the YPG as a terror group and a branch of militants in Turkey who have waged an insurgency for decades. As of now, we have Afrin encircled.