Expects annual saving of $12 to $17 million
Posted July 28, 2010
Winn-Dixie Stores Inc. (Jacksonville, Fla.) plans to close 30 under-performing stores and consolidate its operating regions to three from four.
"We continue to operate in a particularly difficult economic and retail environment in the Southeast," says ceo Peter Lynch.
The supermarket chain also says its fiscal 2010 adjusted EBITDA will be at the low end of its outlook range of $140 million to $160 million.