The company will close 30 Winn-Dixie stores, four Harveys and one Fresco Y Mas in Florida.
There are about 20 Winn Dixie locations in the Jacksonville area and at least 2 Winn Dixie stores are expected to close. As part of this restructuring, we have made the hard but necessary decision to close 94 underperforming stores.
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The Florida-based company said it's implementing "a court-supervised, prepackaged" debt restructuring agreement. It is our goal to work through our financial restructuring as quickly and efficiently as possible, and we will emerge from this process likely within the next 90 days. The company plans to close 19 stores in Georgia, including Harveys, Bi-Lo and Winn-Dixie stores.
"We conducted a thorough review of our strategic options and determined that this financial restructuring is in the best interests of our associates, customers, supplier partners and the communities in which we serve".
The store closures are in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and SC.
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Staff at each store closing will inform pharmacy customers where their accounts will be transferred to.
Speculation about a bankruptcy filing has been ongoing for several months since Moody's and several news reports highlighted the company's debt issues. It's previously gone through bankruptcy in 2005 and 2009. Southeastern stores closed can be found here. It also says it has a three-year plan for remodeling a "significant portion" of its stores.
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