Food Retailing / Supermarkets

Winn-Dixie to Shutter 30 Stores

Expects annual saving of $12 to $17 million

Published

14 years ago

July 28, 2010

VMSD Staff

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.

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