Winn-Dixie is becoming a boxer that refuses to get knocked out.After news last week that competitor Publix is buying 49 stores from Albertsons, Winn-Dixie chairman Peter Lynch released a statement saying that the move won’t impact his chain, as a majority of its stores are close enough. After emerging from bankruptcy in 2006 and closing about 400 stores, Winn-Dixie has focused on renovating its existing 520 units. Sales have held up well: Same-store sales were up a respectable 2.2% year over year during its latest quarter, while net income came in at $15 million.We’ve been impressed with the way the leaner chain has bounced back, considering that many in the industry were saying they didn’t expect the grocer to survive.Do you have any insight into what they’re doing correctly, or do you think we’re completely disillusioned and that Winn-Dixie’s fortunes won’t last?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.