Southeastern Grocers: 2019

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ChipKing1
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Re: Southeastern Grocers: 2019

Post by ChipKing1 » January 24th, 2019, 3:11 pm

I sent you an email, Knight.

cjd
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Re: Southeastern Grocers: 2019

Post by cjd » January 30th, 2019, 4:03 pm

Knight wrote:
January 20th, 2019, 6:01 pm
I have seen BI-LO and Winn-Dixie stores go years without any updates. The only updates I saw with Winn-DIxie were stores closing. A quantity of BI-LO stores in South Carolina have not seen updates in approximately 20 years.
Our original Winn Dixie opened in 1983. It got a very minor remodel in the early 2000s. Then in 2008 it received a thorough remodel, inside and out, which was the last time it was updated. Other than the outside getting new colors last year.

The other Winn Dixie was originally a Kash N Karry from the mid 80s that received an expansion and remodel in the early 2000s. Then it was renovated again when it changed to the Sweetbay banner in 2004. When Winn Dixie moved in during 2014 they updated a few things and made some repairs but left it mostly the same. I think the idea was not to alienate Sweetbay's customers. Last year it was remodeled to the red, white and black decor that Winn Dixie currently uses.

Knight
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Re: Southeastern Grocers: 2019

Post by Knight » February 14th, 2019, 11:18 pm

It is Friday, 15 February. Southeastern Grocers has $425,000,000 in senior secured notes due today.

Monroe79+
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Re: Southeastern Grocers: 2019

Post by Monroe79+ » February 19th, 2019, 9:57 am

Have you heard anything about them closing
Stores and/or pharmacies since those notes came due feb.15. Did they meet their obligation on the 15th???

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Re: Southeastern Grocers: 2019

Post by Knight » February 19th, 2019, 12:36 pm

Two stores have closed:
  • WInn-DIxie #622, Largo Village Shopping Center, 11912 Seminole Blvd, Largo, Florida 33778-2803
  • BI-LO #5168, Mountain Creek Plaza, 366 Russ Avenue, Waynesville, North Carolina 28786-2905
Additional stores will close as needed.

Knight
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Re: Southeastern Grocers: 2019

Post by Knight » February 19th, 2019, 12:43 pm

Monroe79+ wrote:
February 19th, 2019, 9:57 am
Have you heard anything about them closing
Stores and/or pharmacies since those notes came due feb.15. Did they meet their obligation on the 15th???
I do not know if Southeastern Grocers paid its debt on Friday. 15 February.

How does a bankrupt entity like Southeastern Grocers update stores and remain operational? Lone Star Funds could be using funds from other sources to keep Southeastern Grocers afloat.

Monroe79+
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Re: Southeastern Grocers: 2019

Post by Monroe79+ » February 19th, 2019, 1:25 pm

Thanks for the info!!Please post if you hear anything else😊

Knight
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Re: Southeastern Grocers: 2019

Post by Knight » February 19th, 2019, 2:12 pm

I will need to spend time checking out present facts and figures for Southeastern Grocers. Information I would like to seek:
  • Number of stores in each state
  • Number of stores by banner
  • Number of stores by banner in each state
  • Number of pharmacies in each state

Monroe79+
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Re: Southeastern Grocers: 2019

Post by Monroe79+ » February 19th, 2019, 7:01 pm

Thank you! Does lone star still own them or is the new owner after the bankruptcy another entity?? I have never seen article which explains who actually own them now.

Knight
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Re: Southeastern Grocers: 2019

Post by Knight » February 19th, 2019, 10:56 pm

Southeastern Grocers remains owned by Lone Star Funds.

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