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

Alicia Cross
March 17, 2018

Southeastern Grocers, the company that owns Winn-Dixie, said Thursday that it plans to file for bankruptcy and close 94 stores.

Three locations in Jacksonville and one in Orange Park, Florida will be part of the first group of closings, the company said.

Winn-Dixie recently announced that four of its stores in Jefferson Parish were in the process being closed, but would reopen under the Shoppers Value brand, a grocer based in Baton Rouge.

Pictured: The Winn Dixie store in Atmore.

Southeastern Grocers' one Louisiana store set to shut down is a Winn-Dixie at 619 N. Causeway Blvd.in Mandeville.

The closure list does includes stores 10 stores in Alabama, including locations in Mobile and Monroeville, and 35 in Florida.

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"After careful consideration, we have chosen to voluntarily implement a court-supervised, prepackaged restructuring agreement", the statement reads.

The closures, which will take place in Florida, Georgia, Alabama, Mississippi, Louisiana, North Carolina, and SC, will leave them in 582 stores. "As part of this restructuring, we have made the hard but necessary decision to close 94 underperforming stores".

Winn-Dixie's fortunes have been chipped away by the entry of Amazon into the grocery business and the online retailer's purchase of Whole Foods Market. Bloomberg first reported last month that Bi-Lo could close up to 200 stores in coming weeks as its parent company prepared to file for bankruptcy.

According to the company, the restructuring will decrease overall debt levels by over $500 million and maintain its strong liquidity position under the new post-emergence Revolving Credit Facility.

In total, the whole process is expected to take place within the next 90 days.

Staff at each store closing will inform pharmacy customers where their accounts will be transferred to.

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