We Now Know Why These Large Retail Companies Are Closing Down Stores

Published on 07/22/2021
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Southeastern Grocers

Supermarkets are also experiencing sales difficulties. Southern Grocers, for example, which operates stores such as Winn-Dixie, Bi-Lo, and Harveys, has announced that 22 sites would close by March 25, 2019. This decision was taken less than a year after the company exited from Chapter 11 bankruptcy protection. During that time, the company was forced to close 94 stores. Bi-Lo, the company’s third brand, is expected to suffer the most, with 13 locations shutting.

Southeastern Grocers

Southeastern Grocers

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Shopko

Shopko previously announced plans to shut 70% of its stores by May 2019. They later changed their minds and decided to permanently close all of the stores. Shopko declared bankruptcy in January 2019, seeking a buyer to bail it out. It was unable to locate a buyer and sought to liquidate all of its inventory. As a result, it will close all of its locations by June 2019.

Shopko

Shopko

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