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Southeastern Grocers, parent of BI-LO, Fresco y Más, Harvey's, and Winn-Dixie, will need to reduce its store count to pay down expenses. Reducing store count would be closing stores with expiring leases and are in the process of closing, and/or divesting stores in specific markets where a banner has minimal market share.
It is common practice for stores in the process of closing to deny they are closing. When service departments are closing, guest services are being discontinued, and store members are relocating to other stores, a store faces a grim and short future.
Agreed! If there is one thing SEG has, it’s a surplus of shopping carts! Capital Investment makes no sense. They can’t borrow. Dying chain, this isn’t the Bi Lo a lot of us grew up with. It’s what happens when Wall Street controls your destiny. And the “parent” that raised you is implicated in a massive accounting scandal. It’s a shame it took out an Upstate “institution”. But that Bi Lo died years back.
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