SEG to file for bankruptcy, close nearly 200 stores

Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee. No non-grocery posts.
pseudo3d
Veteran Member
Veteran Member
Posts: 2366
Joined: November 12th, 2015, 7:01 pm
Status: Offline

Re: SEG to file for bankruptcy, close nearly 200 stores

Post by pseudo3d » April 7th, 2018, 8:05 am

Knight wrote:
April 4th, 2018, 7:22 am
I do not know the present alignment of Southeastern Grocers' regions beyond Alabama/Louisiana/Mississippi and BI-LO.

Beyond four BI-LO stores in quality locations in North Carolina, I do not see any BI-LO and Harvey's Supermarket stores in the state worth saving.

A quantity of BI-LO stores in South Carolina divested to another supermarket would be a bold move. A supermarket speculated to acquire a quantity of BI-LO stores is established in South Carolina, has some locations competing directly against BI-LO, and is not in cities where BI-LO operates.
I think that you were right, based on an older post of yours.
Knight wrote:
February 26th, 2017, 8:14 am
Albertson's acquiring Southeastern Grocers would be an interesting consolidation.

The organizational structure of Southeastern Grocers, specifically its regions, would need to change. I think the regions were BI-LO East (Charleston, South Carolina), BI-LO West (Greenville, South Carolina), WInn-Dixie Alabama (Montgomery, Alabama), Winn-Dixie Louisiana and Mississippi (New Orleans, Lousiana), Winn-Dixie Central Florida (Orlando, Florida), Winn-Dixie North Florida (Jacksonville, Florida), Winn-Dixie South Florida/Harvey's Supermarkets/Fresco y Más, and Winn-Dixie West Florida (Tampa, Florida).

I wonder if Albertson's would want to keep the low performing BI-LO, Harvey's Supermarket, and Winn-Dixie stores that have taken initial steps toward closure with the reduction of hours of operation, the closing of pharmacy, seafood, bakery and delicatessen departments, and expiring leases.
So now BI-LO East and West is just BI-LO, LA/MS and AL have combined...and I think the the four Florida regions are still intact. I think that in the future, Alabama will be moved to North Florida and LA/MS will be completely cut. After the next round, what's left of LA/MS will be put up for sale, and those stores will probably end up closing or sold to independents. I can imagine Albertsons maybe moving their location in Hammond and Walmart picking up a few sites, but not beyond that. Albertsons' track record in the last 10 years of moving to new markets has been either non-existent or pretty terrible, and the remaining Winn-Dixie stores in Louisiana are in poor/rural areas, inferior to the Albertsons stores already there, or in New Orleans, and we all know what happened there.

User avatar
wnetmacman
Forum Moderator
Forum Moderator
Posts: 692
Joined: January 17th, 2010, 2:36 pm
Status: Offline

Re: SEG to file for bankruptcy, close nearly 200 stores

Post by wnetmacman » April 7th, 2018, 6:26 pm

pseudo3d wrote:
April 7th, 2018, 8:05 am
I can imagine Albertsons maybe moving their location in Hammond and Walmart picking up a few sites, but not beyond that. Albertsons' track record in the last 10 years of moving to new markets has been either non-existent or pretty terrible, and the remaining Winn-Dixie stores in Louisiana are in poor/rural areas, inferior to the Albertsons stores already there, or in New Orleans, and we all know what happened there.
I wouldn't bet on Albertsons moving that Hammond store. The current store is more modern than that WD, and it's better positioned (i.e. not right across from Walmart). Plus, Albertsons is at the edge of their territory there, so they won't invest heavily in that store. Hammond will most likely be the last to go due to its proximity to the DC. At this point, most of the remaining WD stores in Louisiana are actually going to be in urban areas: Baton Rouge, Covington, Slidell, New Orleans and Hammond. All of the rural stores were sold in this last round. New Orleans is their strongest market owing to lack of competition, save for Rouses, Walmart and a few locals.

Post Reply