WINN-DIXIE FACES TOUGH CLIMB OUT OF BANKRUPTCY

JACKSONVILLE, Fla. -- Winn-Dixie, the iconic Southern retailer here whose long, slow decline culminated in a Chapter 11 bankruptcy filing last week, will face a difficult climb back, industry observers predicted.Winn-Dixie, a $10 billion retailer that operates 920 stores in the South and the Bahamas, said bankruptcy was forced by sliding credit ratings, pressure from vendors, and losses due to poor

JACKSONVILLE, Fla. -- Winn-Dixie, the iconic Southern retailer here whose long, slow decline culminated in a Chapter 11 bankruptcy filing last week, will face a difficult climb back, industry observers predicted.

Winn-Dixie, a $10 billion retailer that operates 920 stores in the South and the Bahamas, said bankruptcy was forced by sliding credit ratings, pressure from vendors, and losses due to poor sales and closed stores. It intends to exit lease obligations for dark stores, impleme

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart