By Kirk O’Neill
Source: The Street
The grocery retail sector continues to recover from the Covid-19 pandemic and faces several other challenges, such as increased food and labor costs driven by inflation and rising interest rates on commercial financing.
Some grocery retailers in deep trouble will file for bankruptcy or launch out-of-court restructurings to address their financial distress. In many cases, grocery chains will opt to close or sell underperforming store locations that don’t make economic sense.
The private owners of popular Southern grocery chain Winn-Dixie said they would close four underperforming Alabama locations in April and May.
Share This Story
