While everyone is fretting over Toys ‘Were’ Us, one of the giants of the grocery industry is being pruned:
Southeastern Grocers, which owns grocery store chain Winn-Dixie, announced plans to file for bankruptcy and close nearly 100 stores.
The Florida-based company issued a statement Thursday announcing plans to implement a “prepackaged restructuring agreement” including the decision to close 94 “underperforming stores.”
Stores marked for closing may bear the W/D, Harveys or Bi-Lo names. This action will leave Southeastern with 582 stores. (As it happens, Winn-Dixie founder William Milton Davis set up his first shop in, um, Burley, Idaho in 1914; in 1925, Davis moved to Miami.)
Over the years, the chain expanded and contracted, as chains will do; in 2002, Winn-Dixie bailed out of the Texas and Oklahoma markets, and last month, a handful of Louisiana stores were dealt to Brookshire, based in northeast Texas.