General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWinn-Dixie and Tops Owners Are Said to Prepare for Bankruptcy
https://www.msn.com/en-us/money/companies/winn-dixie-and-tops-owners-are-said-to-prepare-for-bankruptcy/ar-BBJeV3y?li=BBmkt5R&ocid=spartandhphere is a store that many people shop at, and that does very well, but because the hedge fund sharks bled it dry with debt and "management fees" it will go down. The hedge fund runners profit from bleeding companies dry and then running like thieves, so why should be be surprised when the economy falls?
yallerdawg
(16,104 posts)a few years ago. As the anchor store, the little shopping strip basically shutdown.
Just a hair farther in the other direction, we have our next closest "Winn Dixie" - two blocks from a very popular "Publix."
With 200 store-closings set, I bet we lose that one.
The two closest grocery chains to us - are Walmart. I haven't been in one for years.
Cha
(297,574 posts)Any Costco's near by?
I live close to the only one on the Island by bus. I love it!
yallerdawg
(16,104 posts)Except for their exquisite in-house hotdogs! No one anywhere beats those dogs and THAT price!
The deal with real grocery stores is their door-buster specials and weekly discounts.
Walmart doesn't do that. Publix does a LOT of "Buy one get one free" but you have to buy twice as much as you want - kind of like bulk discount Costco and Sam.
Winn Dixie has a good mix week-to-week on sale items, just started carrying a "South East Grocers' generic line. and run their own discounted BOGO's which seem like real sales values!
Us 'old dogs' get set in our ways - you know what is real hard to teach us.
csziggy
(34,137 posts)For one of the "buy one get one" items. She's really pushy about things like that!
Here Publix is my choice of places to shop. There are maybe two Winn Dixies left in town, neither is convenient to us. Also, a Fresh Market, a Whole Food and a Trader Joe's - none of which I have found to be impressive as to choice or prices compared to Publix.
yallerdawg
(16,104 posts)Publix has beautiful stores, relatively happy employees, great variety and quality - but they just cost us more on average, just like Walmart.
We have Fresh Market and Whole Foods, more local grocers, and 10%-over-cost stores -- but "I've grown accustomed to that place" and it hurts when we lose old friends.
If Walmart is the only place left, I'll turn vegetarian and forage the land for food!
Phentex
(16,334 posts)no matter how many you buy. Works on two for $ as well as buy one get one. But a quick glance at their website and it says the Florida stores don't do this. That would piss me off!
Cha
(297,574 posts)$10 every time I buy a 6 pack of Kombucha.. I've made my initial $60 investment 30 times over so far. I get organic bananas, blueberries, apples, too. Have to remember everything is expensive on this Island.. especially food. So Costco really comes through for us.
But, back to you.. hot dogs you say? Good for you finding the best deal on 'em.
I can't ever get set in my ways 'cause my life is always changing and I have to adapt and just go with it.
yallerdawg
yallerdawg
(16,104 posts)for $1.50, with toppings you added yourself at a station with chopped onions, relish, condiments.
After I paid for the groceries, I had to get something I wouldn't be eating for the next six months!
Lee-Lee
(6,324 posts)The building it was in is still there but the Winn-Dixie is long gone. It gives me fond memories to drive by it when I am back in the area.
Wellstone ruled
(34,661 posts)and then do a Chapter 11 BK only to be the ones that rape the Workers and end up with a clean balance sheet.
RKP5637
(67,112 posts)with a questionable future.
Wellstone ruled
(34,661 posts)Grocery and Food Service Business. Watching the signs pertaining to W&D,ecpected this to happen last year
Some of the same Money People who blew up Alberstons,and the Hagen Stores.
Are we going to see more of this type of Business Practices,yes,the new Tax Code is ripe for Business Harvesting.
dixiegrrrrl
(60,010 posts)From the linked article:
The business, which went bankrupt in previous incarnations in 2005 and 2009, may still find a way to restructure its debt out of court.
Also this:
1.Tops, debt was used to help finance at least $375 million in dividends for its private-equity owners.
2. See what Winn-dixie's new owners, Bi-Lo, did to it:
But it probably will still come out ahead, having paid itself at least $800 million since 2012, along with management fees its collected, according to regulatory filings.
Wellstone ruled
(34,661 posts)as someone who had to deal with picking up the Wreckage. 370 workers out of a job at 10 pm on bitterly cold night. Only forty or so Union Members had their rights protected by the Courts,this was during the tail end of the Reagan years.
And yes,bills were not paid,in fact the BK was retroactive to a Ninety Day date which meant any and all bills that were paid,those funds were recaptured by the BK Administrator. Pension obligation's for the Union Members were also recaptured back to that Ninety day date which caused Pension Payments to retired Members to be canceled for a thirty day period of time until a full audit by our board. Luckily we have cash on hand to make those Retiree Payments and get us through that month.
The real nightmare was the loss of Health Insurance for all of the effected employees. Loss of Jobs is devastating in it's self,but the loss of Health care,especially those whom had on going Medical issues is catastrophic.
Whom ever is the Wall Street money bag,will still own the Company only now with an clean balance sheet and most likely with less Employees with a reset date on Seniority.
dixiegrrrrl
(60,010 posts)well off the beaten path, hours away from major shopping areas.
We lost Food World, which was bankrupt for the final time after a pattern like this.
Left us with Winn-Dixie, Wal-Mart, which closed one store to open up a super-Center here, and Piggly Wiggly, a employee run store.
That's it...3 grocery stores to serve a county of 23,000 people, plus a small old store that has been here for years and some limps along despite high prices. They do a good business in selling good meat.
Same with pharmacies. Wal-greens bought out a local low priced pharmacy, plus, ow, Rite-aid.
.We have Wal-Mart, Wal-greens, and one local Medicine Shoppe, instead of 6 options just 5 years ago.
No one thinks about what happens when half the town loses jobs therefore cannot spend as much at all these consolidated places. The wheel slows considerably, then just stops.
and that is happening all over the country, esp. in small communities.
Wellstone ruled
(34,661 posts)Retail Groceries. Vendors and Wholesalers have been and are apparently talking to each other when it comes to Market Traffic Studies as well as Demographics. Living in Vegas,we are seeing how the Retail Grocer Business is carving out their sustain sales numbers. Watched over the last five years how this is happening. Walmart is not going away,in fact it appears they are driving this Retail Motive when it comes to Retail Groceries. We have Smith's,which is Krogers in Utah,Arizona,and Nevada as well as Albertson's/Vons,as our other retailers. Safeway Stores were converted to Von's in order to keep the appearance of not having More than one Albertson Store in a demographic area.
Should explain how this works,demographic area means the Number of Households and what is the income of those Households and this ugly measure,what racial profile of those said households. Now saying that,retail shelf prices will vary for the same Name Brand Retailer based on their demographic as well as the selection of products sold and the size of that product. Drives me nuts when I see this,as someone who spent sixty plus years in and around this industry,I see the subtleties employed by these suckers. If you want to do a comparison,use to Neighboring Walmarts,look at the product mix and shelf pricing. Next because they sell tons of dry goods,look at the colors and sizes as well as pricing . Plus look at what you see when you first inter the Store,those are the highest margin items in that department. Disregard the mass displays as you enter,those are instore promotional products which are being subsidized by the manufacturer and those displays generate the same retail markup for the Store. Some times you do save only if you really need those items.
Again to your area,sounds like Walmart has and is working the other Retailers to get in line or die. Get along and go along. Just keep other Retailers out and they do this by controlling your local Chamber of Commerce.
Sorry for the long story,had to vent,see this shit every time we go shopping. Blame myself for certain things we see in retail groceries,helped develope a few of these impulse points of purchase back in the early sixties. Stay safe and do not be affaid of getting in a Store Managers Face about thinks yor see or feel in unfair. There are cameras and voice activated Microphones in most reatail stores today. And these Managers do get held accountable if they fail to act accordingly.
Jack
Cha
(297,574 posts)time ago when I lived in the South.
yallerdawg
(16,104 posts)They're a more small-town neighborhood grocer that keeps hanging on! Often local fare, I remember blocks of white clay "locally" packaged in the produce section - for pregnant women!
Cha
(297,574 posts)remember much about them.
This was in the ' 70s.. we were in Gainseville, Florida and Asheville, NC.
So they're still hanging on, eh?.. Wonder what they're doing right?
yallerdawg
(16,104 posts)that won't support a Walmart Supercenter!