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?
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
