See the 94 Winn-Dixie and Bi-Lo Stores That Are Closing

BI-LO storefront

Amid growing pressure in the grocery industry, four of the 19 Winn-Dixie stores in Southwest Florida will soon close as the parent company of the long-struggling chain prepares to file for bankruptcy protection.

The company did not say how many jobs will be impacted by the closings, or give a timetable. The timeframe in which the stores will close is not yet known.

Southeatern Grocers plans to close up to 94 "underperforming" Winn-Dixie stores, including one in Volusia County. Nearly 600 stores will still be open across seven states in the South.

The chain's parent company Southeastern Grocers is revealing more details after announcing the upcoming closure of 94 stores nationwide, ten of which are in the bay area. It said it intends to file with the bankruptcy court by the end of March.

The closure list does includes stores 10 stores in Alabama, including locations in Mobile and Monroeville, and 35 in Florida.

"We have not taken these steps without careful planning and consideration", the company said in a statement.

The result, along with its debt pileup, is that Southeastern operates a lot of stores that have struggled to stand out against stronger competitors.

A spokesperson told WSFA-TV that the restructuring decision was made following a "thorough review of options for reducing our current debt [that are] critical to our future and the long-term health of our business".

"We will continue to thrive with 582 successful stores in operation and will continue to deliver a store experience our associates, customers and communities can count on".

SEG officials said the company has secured exit financing in the form of a six-year term loan of $525 million along with an asset-based revolving credit facility.

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