NEW YORK – Winn-Dixie Stores Inc. a grocer operating under bankruptcy protection, on Tuesday said it has decided to sell or close 35 additional stores, on top of 326 it decided to sell or close last June.
Jacksonville, Florida-based Winn-Dixie said the additional closures are intended to strengthen the company financially and help it return to profitability. Winn-Dixie said it is seeking buyers for the stores and will close stores it cannot sell.
Winn-Dixie now operates 585 stores in Florida, Alabama, Georgia, Louisiana, Mississippi and the Bahamas. The company filed for Chapter 11 protection from creditors in February 2005, after losing market share to such competitors as Wal-Mart Stores Inc. (WMT) and privately held Publix Super Markets.