Southeastern Grocers
The grocery chain Winn-Dixie isn’t really winning as it’s operator, Southeastern Grocers, filed for bankruptcy protection Chapter 11 in order to restructure its debt. It closed almost 100 stores and paid off $600 million of its debt. The company said that it has shifted its focus to remodeling and rebranding its stores which are still in operation. They are hoping that this will help improve things in the company.
Southeastern Grocers
According to CNBC, Southeastern Grocers, which also operates Bi-Lo, faces competition like big-box stores like Target and Walmart as well as the e-commerce giant Amazon.com. Southeastern is based in Florida but it also runs stores in many other southern states such as Georgia, Alabama, Mississippi, and North and South Carolina.
Nine West
CheatSheet has reported that the shoe retailer has a debt worth $1.5 billion and is currently negotiating to restructure it. Bloomberg says that this includes selling parts of the company as well as filing for Chapter 11 bankruptcy. In its attempt to stay afloat, the company has sold off Easy Spirit, another brand it owns. I also ceased operation on all of its stores except for only 25 of them.
Nine West
In addition, The Washington Post says that the Nine West Holdings will shift its focus from shoes to its clothing and jewelry lines which includes brands like Kasper Grouper, Anne Klein, and One Jeanswear Group. The Post reports that the decreasing demand for sandals, ballet flats, and heels has affected Nine West Holdings’ sales. The changes in consumer interest have also played a huge part in the challenges that David’s Bridal is facing.
