renegadebusdallas.com
renegadebusdallas.com April 23, 2018


Underperforming upstate BI-LO stores among 94 closing for Chapter 11 restructuring

17 March 2018, 01:32 | Lionel James

Winn-Dixie in Biloxi is closing along with 93 other stores in the region | The Sun Herald

GettyImages-843754490

The grocery chain, which is the parent company of Winn-Dixie and Harveys, announced the closures Thursday as part of a restructuring plan created to allow more than 500 other locations to keep their doors open.

As part of a major restructuring and planned bankruptcy, the owner of Bi-Lo said it is closing 94 underperforming stores, including six in the Charlotte area.

A spokesperson for Southeastern Grocers did not disclose how many employees will be affected.

Shoppers who frequent the Harveys on Edgewood Avenue are taking advantage of the store's location while they still can.

Bloomberg reported last month that the grocery chain may file for bankruptcy and close 200 stores.

Bi-Lo's decision to close six local stores could exacerbate a problem Charlotte already has with serving lower-income areas with little access to fresh groceries - also known as food insecure areas.

The Florida-based company said it's implementing "a court-supervised, prepackaged" debt restructuring agreement.

Samsung offers in-person service for Galaxy phones in the US
Clearly, Samsung wants to be able to provide quality hardware service without users having to worry about faulty, third-party parts.

The company expects to file under Chapter 11 of the U.S. Bankruptcy Code by the end of March, and complete the restructuring in 90 days. "We will continue every day to provide our associates with a great place to work and our customers with a store experience they can count on".

According to SEG's list of store closures, the Winn-Dixie at 619 N. Causeway Boulevard in Mandeville and the Winn-Dixie located at 2384 Pass Road in Biloxi will close.

Southeastern aims to reduce its debt by $500 million, allowing it to increase its capital expenditures budget for new stores and store remodels.

The only Winn-Dixie store closing in MS is a location in Biloxi.

"Southeastern Grocers is faced with a critical milestone in its transformation, and we have made choices for our future and long-term growth potential", president/CEO Anthony Hucker said Thursday evening in a statement.

Thursday's announcement actually mentioned plans to remake many stores during a three-year overhaul of the chain.



Other News

Trending Now

Newly Released Footage Shows What Deputy Did During Parkland Shooting
Officers from the Coral Springs Police Department, the first to arrive on the scene, pushed into the building anyway. His actions were enough to warrant an internal affairs investigation, as requested by Sheriff Israel on February 21.

Broadcom to redomicile in US
The letter, which was dated Sunday, said that Broadcom "took a series of actions in violation" of a previous order from Treasury. There are concerns that the takeover could decrease the competitive advantage of the U.S.in the wireless technology sector.

Finland ranks highest on World's Happiest Country Index 2018
The majority of its immigrants come from other European nations but it also has expats from Afghanistan, China, Iraq and Somalia. Finland has captured the title of world's happiest country for 2018, along with world's happiest immigrant population.

Trump fires Secretary of State Tillerson
Iran agreed before Mr Trump took office to curb its nuclear programme in exchange for the easing of economic sanctions. More recently, reports indicated that Tillerson was shocked to hear about Trump's planned meetings with North Korea .

UP, Bihar bypoll results:SP-BSP leaves BJP stunned
The only consolation for the saffron party was in Bihar's Bhabua where it retained the Assembly seat. The BJP had won the seat in 2009 and 2004 as well when Kumar was also a part of its alliance.

Ravens Sign WR Michael Crabtree To Three-Year Contract
A native of Dallas, Texas, Crabtree was selected as the No. 10 overall pick by the San Francisco 49ers in the 2009 NFL Draft. Last season, Crabtree caught 58 passes for 618 yards and 8 touchdowns in the 14 games that he played in.

Lakers, fans strike back at Canadian Jamal Murray as feud heats up
Asked to explain the incident after the game, Randle said, "He was coming down flailing, flopping his arms and stuff. In the closing seconds, Murray appeared to say something to Lakers coach Luke Walton, who shouted right back at him.

Bitcoin price tumbles at Google Ads ban
Google , the largest search engine in the world has announced that it will change its financial product policy come June 2018. On 14 March, 2018, bitcoin price was heading south, impacted by an announcement on its new policy on Google ads.

VW powers up electric revolution
Europe's largest automaker said on Tuesday it will expand EV production to 16 factories worldwide through the end of 2022. Müller added that from 2019, it plans to offer a new electric auto , "virtually every month".

Apple Announces WWDC 2018 Scheduled for June 4-8 in San Jose
If you're interested in attending, you can apply for a ticket on the WWDC website now through March 22 at 10 a.m. Apple is planning to return to San Jose again in 2018, between June 4th and June 8th this time around.