After shutting down more than 5,000 stores in 2017, store-closings are accelerating in 2018 with news thatnews that, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month, and is planning to shut almost 200 stores as part of the move – either before or after the filing.
Winn-Dixie joins JCPenney (JCP), Bon-Ton (BONT), Toys R Us, Sam’s Club (WMT), Macy’s (M), Sears (SHLD), Kmart (SHLD?), and others in the growing list of 2018 shutterings as the ‘great economy’ that stocks foreshadow fails to show up in the retailer landscape.
As Clark.com details, the new year is shaping up to be another difficult one for traditional retailers.
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