Is Winn Dixie Going Out Of Business in 2023?

Is Winn Dixie going out of business? No, it’s not. Instead, it’s getting a new owner as Aldi is buying it from Southeastern Grocers. Southeastern Grocers, the company that owns Winn-Dixie. Fresco y Más and Harveys stores recently announced their plan to sell Winn-Dixie and Harveys to Aldi.

Winn-Dixie Stores, Inc., known as Winn✓Dixie, is an American supermarket chain headquartered in Jacksonville, Florida. They’ve been around since 1925 and adopted their current name in 1955.

Winn-Dixie isn’t only a local grocer. They have over 546 stores spread across Louisiana, Mississippi, Alabama, Georgia, and Florida.

Winn-Dixie has a long history and a significant presence in the Southeastern US. It has served communities for about a century.

All in All, Winn-Dixie isn’t going out of business. But it’s changing hands as Aldi takes over. Ensuring the stores continue serving their communities. 

Let’s explore it further!

As stated in Aldi’s official announcement, the agreement encompasses almost 400 Winn-Dixie stores along with Harvey Supermarket stores. These stores are located in Alabama, Florida, Georgia, Louisiana, and Mississippi.

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Are you curious if your local Winn-Dixie will become an Aldi? 

Some Winn-Dixie outlets will transform into the Aldi format. At the same time, those that do not will continue to operate under the Winn-Dixie brand. 

Winn-Dixie is making changes in preparation for its merger with Aldi. As part of this process, all Winn-Dixie pharmacies are being closed. This decision means that prescriptions held at Winn-Dixie pharmacies will be transferred to other locations.

The closure of pharmacies is part of the broader restructuring happening ahead of the merger. Winn-Dixie is taking steps to streamline its operations and ensure a smooth transition.

While this change affects the pharmacy services offered by Winn-Dixie, the stores themselves are staying in business. The supermarket chain will continue to operate but without in-house pharmacy services.

Are you concerned about a name change? 

No need to worry. Winn-Dixie stores that are not transitioning to Aldi will retain their familiar name.

When will this sale take place? The anticipated completion of the deal is set for the first half of 2024.

As for the financial details, the exact value of the transaction has yet to be disclosed.

Who Owns Winn Dixie?

In 2012, Winn-Dixie came under the ownership of Southeastern Grocers. It is a company based in Jacksonville. This change in ownership happened after Winn-Dixie Stores merged with Bi-Lo.

As of early 2024, Southeastern Grocers plans to sell Winn-Dixie to Aldi. Aldi is a German-based supermarket chain. So, soon, Aldi will be the new owner of Winn-Dixie, continuing its legacy.

For those wondering about Kroger’s involvement, the answer is no. Kroger, the largest supermarket chain in the country in terms of revenue, is not part of the deal. It’s Aldi that’s taking over Winn-Dixie, not Kroger.

How Is Winn Dixie Doing Financially?

Between 2004 and 2016, Winn-Dixie experienced robust revenue growth. It was amounting to an impressive 83.64%.

With a workforce of 41,000 employees, Winn-Dixie achieves a revenue-per-employee ratio of $131,390. It is showcasing its economic efficiency.

In the first quarter of 2020, Winn-Dixie reached its peak quarterly revenue. It was soaring to $1.2 billion, reflecting a solid performance.

In 2012, Winn-Dixie achieved its pinnacle annual revenue. I was hitting an impressive $6.1 billion in sales.

However, the subsequent years saw some fluctuations. In 2015, the annual revenue was $5.8 billion, marking a slight decrease of -1.1% compared to the previous year. In 2016, the revenue dipped further to $5.4 billion, signifying a -6.56% decline from 2015.

Is Winn Dixie Going Out Of Business In Florida?

Winn-Dixie is bidding farewell to some of its Florida customers as it faces the challenge of closing down specific locations. A Winn-Dixie store situated at 11525 State Road 70 East was set to close its doors on April 10. Interestingly, this particular supermarket had been in operation for less than three years.

A spokesperson for Southeastern Grocers Inc., the parent company of Winn-Dixie, shared in a statement with Best Life that the decision to close this store was indeed a difficult one. They emphasized that despite recognizing the impact on the local community. This choice was not taken lightly.

Although Winn-Dixie did not provide specific reasons for the closure, they did confirm that existing employees have been offered positions at nearby stores. The spokesperson assured that until the closure in April. The Lakewood Ranch Winn-Dixie store will continue to provide exceptional service along with the value that its customers have come to expect.

What Will Happen To Winn Dixie?

Amidst the changes ahead, some Winn-Dixie stores will transition into the Aldi format. While others will remain as Winn-Dixie stores, ensuring continuity of the familiar name.

The deal is anticipated to conclude in the first half of 2024. We are marking the beginning of this transition.

Regarding the sale’s financial aspects. The specific value of the deal remains undisclosed at this time.

The corporate presence of Winn-Dixie in Jacksonville. Mayor Donna Deegan is eager to engage with Aldi executives. Advocating for Jacksonville as a hub for major corporations, like: 

FIS, Dun & Bradstreet, and CSX.

While Winn-Dixie stores will operate under the Aldi company name, some may adopt the Aldi operating model. However, details about potential price impacts have yet to be revealed.

As for Winn-Dixie employees, no staffing changes have been officially announced by either Winn-Dixie or Aldi.

Notably, the sale has generated mixed feelings among stakeholders. It indicates a diverse range of perspectives and concerns.

What State Has The Most Winn Dixie Stores?

There are a total of 545 Winn-Dixie stores across the United States. Among these stores, the state of Florida takes the lead with a substantial 459 locations. 

I make up approximately 84% of all Winn-Dixie stores in the entire country. Florida clearly stands out as the primary hub for Winn-Dixie in the United States.

Summing Up

Winn-Dixie is a prominent American supermarket chain. It is not going out of business entirely, but it is facing store closures. Some locations are shutting down, affecting local shoppers. 

The parent company, Southeastern Grocers Inc., announced the closure of certain stores, starting with one in Lakewood Ranch, Florida. This decision was termed “difficult” by the company. It emphasized its commitment to the affected communities. 

It is anticipated that current employees will be offered positions at nearby stores. They are demonstrating a commitment to retaining talent. Despite these closures, Winn-Dixie will maintain a significant presence. With 545 stores remaining, with Florida hosting the majority of them, totaling 459 stores.