Winn-Dixie stores may close as parent company prepares for bankruptcy

  • Winn-Dixie stores may close as parent company prepares for bankruptcy

Winn-Dixie stores may close as parent company prepares for bankruptcy

Two supermarket chains in the USA are readying filings for bankruptcy said sources with knowledge of this matter, another sign of mounting pressures across the grocery industry.

The grocery industry has seen a major shakeup with the rise of e-commerce and Amazon's acquisition of Whole Foods.

Nearly 200 of Winn-Dixie's roughly 500 locations are set to close.

According to a report by Bloomberg, New York-based grocery chain Tops Friendly Markets is ready to file for bankruptcy.

Bi-Lo, the company that owns supermarket chain Winn Dixie, is reportedly preparing for a potential bankruptcy with the filing coming as soon as next month.

However, Bi-Lo continues to labor under debt of over $1 billion following its buyout in 2005 by Lone Star Funds.

Tops is based in Williamsville, in the Buffalo area, and runs about 170 stores in the Northeast.