JITNEY FILES FOR CHAPTER 11; IS NEGOTIATING CREDIT TERMS

JACKSON, Miss. -- Jitney-Jungle Stores of America here bit the bullet last week and filed a voluntary petition for financial protection under Chapter 11 of the U.S. Bankruptcy Code."Everyone [at the company] knew we needed to take this course," Ronald Johnson, chairman and chief executive officer, told SN last week.Johnson said Jitney officials began immediately to meet with vendor representatives

JACKSON, Miss. -- Jitney-Jungle Stores of America here bit the bullet last week and filed a voluntary petition for financial protection under Chapter 11 of the U.S. Bankruptcy Code.

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