Beef People To Close Stores, Cut Jobs

Winn-Dixie announced today that it has a new strategy aimed at improving the company's financial performance, and increasing long-term profits. The company's strategy consists of concentrating on the markets where it has the strongest market share position, and reducing the amount of stores it operates in the U.S. and the Bahamas from 913 to 587. "Creating a smaller, but more profitable store base will best position Winn- Dixie for long-term financial health and a successful future," said Winn-Dixie President and CEO Peter Lynch. "We will be focusing our resources on markets where Winn-Dixie has a strong presence and there are compelling opportunities. This will allow us to build on our strengths and take advantage of the considerable potential we see to improve the shopping experience for our customers. Already, we have made significant strides." latest ebusiness news