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Winn-Dixie closes hundreds of stores

Posted Tuesday, June 21, 2005

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Winn-Dixie, in order to focus on profitability, announced plans to shrink the store base by 35 percent and reduce the workforce by 28 percent.

Jacksonville, FL – Winn-Dixie Stores, Inc. (“WNDXQ”) today announced a series of actions intended to enhance the Company’s financial performance and position it for profitability in the long term. The cornerstone of the Company’s plan consists of focusing on its strongest markets, where it typically has a significant market share position, and reducing its store “footprint” from 913 stores in the U.S. and the Bahamas to 587 stores.

Winn-Dixie currently operates 901 stores in nine states and 12 in the Bahamas. These stores are located in 37 Designated Market Areas (DMAs). Once the footprint plan is implemented, Winn-Dixie will operate approximately 587 stores in 23 DMAs in Florida, Alabama, Louisiana, Georgia, Mississippi, and the Bahamas. Of the 326 stores that the Company will sell or close, 233 stores are in DMAs the Company is leaving entirely. The other 93 stores are located in DMAs in which Winn-Dixie will remain, but these particular stores do not meet the Company’s financial requirements going forward. Winn-Dixie’s anticipated annual revenue following these store dispositions will be approximately $7.5 billion, compared to approximately $10 billion today.

The DMAs that Winn-Dixie is exiting are the marketing areas of: Alexandria, Louisiana; Atlanta, Georgia; Augusta, Georgia; Charleston, South Carolina; Charlotte, North Carolina; Chattanooga, Tennessee; Columbia, South Carolina; Columbus-Tupelo, Mississippi; Greensboro-High Point, North Carolina; Greenville-Spartanburg, South Carolina; Huntsville, Alabama; Jackson, Mississippi; Raleigh-Durham, North Carolina; and Savannah, Georgia. (The geographical area included in a DMA often covers more than one state; therefore, the name of the DMA usually reflects more than just the city represented by the DMA name.)

As a result of the actions announced today, Winn-Dixie expects that its workforce will be reduced by approximately 28%, or 22,000 positions. Where practicable, the Company will seek to offer affected Associates positions at other Winn-Dixie operations.

List of stores closing in area

Raleigh-Durham DMA
CARY 1393 KILDAIRE FARM ROAD SHOPPES OF KILDAIRE Winn-Dixie Marketplace 803 WAKE
HENDERSON 1520 DABNEY DRIVE DABNEY WEST SHOPPING CENTER Winn-Dixie 804 VANCE
RALEIGH 8100 BRIER CREEK PARKWAY BRIER CREEK SHOPPING CENTER Winn-Dixie Marketplace 805 WAKE
LOUISBURG 115 S. BICKETT BLVD SHANNON VILLAGE Winn-Dixie 807 FRANKLIN
ZEBULON 506 W GANNON AVE WEDGEWOOD TERRACE Winn-Dixie 808 WAKE
APEX 1210 LAURA VILLAGE DRIVE LAURA VILLAGE SHOPPING CENTER Winn-Dixie Marketplace 809 WAKE
WAKE FOREST 931 DURHAM ROAD WAKE FOREST MARKETPLACE Winn-Dixie Marketplace 811 WAKE
HOPE MILLS 3501 HOPE MILLS ROAD HOPE MILLS SHOPPING CENTER Winn-Dixie 825 CUMBERLAND
SANFORD 2412 S HORNER BLVD CAMERON SHOPPING CENTER Winn-Dixie 827 LEE
SANFORD 1133 SPRING LANE RIVER BIRCH CORNER SHOPPING CT Winn-Dixie 847 LEE
RALEIGH 6024 FALLS OF NEUSE ROAD NORTH RIDGE SHOPPING CENTER Winn-Dixie Marketplace 851 WAKE
FAYETTEVILLE 1790 OWEN DRIVE C. BORDEAUX SHOPPING CENTER Winn-Dixie Marketplace 880 CUMBERLAND
FAYETTEVILLE 690 REILY ROAD ALIFFDALE CORNER SHOPPING CNT Winn-Dixie Marketplace 882 CUMBERLAND
FAYETTEVILLE 5701 YADKIN RD. PONDEROSA SHOPPING CENTER Winn-Dixie 883 CUMBERLAND
FAYETTEVILLE 600 CEDAR CREEK ROAD CEDAR CREEK CROSSING Winn-Dixie Marketplace 884 CUMBERLAND
ROANOKE RAPIDS 1120 E. TENTH STREET PARK PLAZA SHOPPING CENTER Winn-Dixie Marketplace 888 HALIFAX
KNIGHTDALE 7132 US HIGHWAY 64, EAST KNIGHTDALE SHOPPING CENTER Winn-Dixie 890 WAKE
RALEIGH 1514 GARNER STATION BLVD NORTH STATION SHOPPING CENTER Winn-Dixie Marketplace 903 WAKE
FUQUAY-VARINA 1352 N MAIN STREET SUNSET LAKE MARKETPLACE Winn-Dixie 908 WAKE
GOLDSBORO 1805 WAYNE MEMORIAL DRIVE MARKET SQUARE SHOPPING CENTER Winn-Dixie Marketplace 911 WAYNE
GOLDSBORO 2441 US 117 SO. NEUSE RIVER SHOPPING CENTER Winn-Dixie Marketplace 912 WAYNE
DURHAM 2000 AVONDALE DR K-MART PLAZA Winn-Dixie Marketplace 915 DURHAM
GOLDSBORO 211 N. BERKELEY BLVD. ASHLEY PLAZA Winn-Dixie Marketplace 918 WAYNE
CLAYTON 11407 US 70 WEST CLAYTON CROSSINGS Winn-Dixie Marketplace 923 JOHNSTON

Greensboro High Point DMA
N. WILKESBORO 421-A BYPASS Winn-Dixie 2196 WILKES
WALKERTOWN 3008 OLD HOLLOW ROAD CENTRE STAGE AT WALKERTOWN Winn-Dixie 2112 FORSYTH
EDEN 7720 NC 770 PLAZA SHOPPING CENTER Winn-Dixie 2103 ROCKINGHAM
EDEN 640 S. VANBUREN RD. STE W MEADOW GREEN SHOPPING CENTER Winn-Dixie Marketplace 2073 ROCKINGHAM
MADISON 124 NEW MARKET MADISON RIVERSIDE PLAZA Winn-Dixie Marketplace 2096 ROCKINGHAM
LEXINGTON US HWY 29-64 LEXINGTON SHP CTR LEXINGTON SHOPPING CENTER Winn-Dixie Marketplace 2015 DAVIDSON
THOMASVILLE 1033 RANDOLPH STREET SOUTHGATE PLAZA Winn-Dixie Marketplace 2019 DAVIDSON
HIGH POINT 265 EASTCHESTER DRIVE HIGH POINT MALL Winn-Dixie Marketplace 2022 GUILFORD
HAW RIVER 1003 WEST MAIN STREET VILLAGE MARKETPLACE Winn-Dixie Marketplace 2066 ALAMANCE
GREENSBORO 1421 E. CONE BLVD. GREENSBORO NORTH SHOPPING CTR Winn-Dixie Marketplace 2049 GUILFORD
BURLINGTON 2727S. CHURCH STREET DIXIE VILLAGE SHOPPING CTR Winn-Dixie Marketplace 2061 ALAMANCE
MEBANE 1020 MEBANE OAK RD MEBANE OAKS MARKETPLACE Winn-Dixie Marketplace 2062 ALAMANCE
GREENSBORO 1605 NEW GARDEN ROAD GARDEN CREEK CENTER Winn-Dixie Marketplace 2039 GUILFORD
GREENSBORO 5322 LIBERTY ROAD FOREST OAKS SHOPPING CENTER Winn-Dixie 2040 GUILFORD
HIGH POINT 2620 SOUTH MAIN STREET SOUTH MAIN SHOPPING CENTER Winn-Dixie Marketplace 2031 GUILFORD
WINSTON SALEM 189 HICKORY TREE ROAD MIDWAY COMMONS SHPG CENTER Winn-Dixie Marketplace 2025 DAVIDSON

 
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