Another bleak chapter in the annals of supermarket history was written last week when, moments after midnight last Tuesday, 80-year-old Winn-Dixie Stores said it had filed for Chapter 11 bankruptcy the previous day. Apart from its timing, Winn-Dixie's capitulation came as little surprise. The move had been predicted repeatedly in these pages and elsewhere. It was earlier thought that despite a disastrous second-quarter loss of $400 million, sufficient cash flow and borrowing capacity might ...
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