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The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
Southeastern Grocers (formerly Bi-Lo Holdings) was an American supermarket portfolio headquartered in Jacksonville, Florida.The portfolio was created by Lone Star Funds in September 2013 as the new parent company for Harveys, Winn-Dixie, and Fresco y Más.
Launched in Harrisburg, Pennsylvania, Food Fair got its start in the 1920s and eventually grew to be among the top five grocery stores in the United States with about 500 stores.
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2017 is set to go down as the year of the retail apocalypse. Brick-and-mortar chains have announced more store closings this year than any other on record. 15 retailers that went bankrupt in 2017
[21] [22] In November, the company outlined its restructuring to the U.S. Bankruptcy Court, with Lone Star Funds providing a $350 million cash infusion. Delhaize Group and Food Lion were subsequently left out of the submitted plans. Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010. [23]
A permanently closed mom and pop health food store in Port Charlotte, Florida. The phrase "retail apocalypse" first appeared in print in an early 1990s essay by Peter Glen, author of It's Not My Department! [14] Media appropriated the term to refer to multiple brick-and-mortar store closures resulting from shifts in consumer spending. [6]