A regional supermarket chain is reportedly planning to close up to 200 shops as its parent company prepares to file for bankruptcy.

Bi-Lo LLC, the parent company of Winn-Dixie, is preparing a potential bankruptcy filing as soon as next month, people with knowledge of the situation told Bloomberg.

Winn-Dixie will shutter close to 200 locations either before or after the filing, one person with knowledge of the situation told Bloomberg.

There are currently roughly 500 Winn-Dixie locations in the Southeastern part of the US, primarily in Florida.

Winn-Dixie has struggled in recent years, with the chain previously filing for bankruptcy in 2005 and 2009. Bi-Lo acquired Winn-Dixie in 2012.

Read more at businessinsider.com

Keep reading:

Alabama Market Profile: State’s Economy Is On The Upswing

Foodland, Western Market Win ‘Buy Alabama’s Best’ Display Contest

https://www.theshelbyreport.com/2018/02/15/food-lion-store-manager-award-johnson/

Alissa was Staff Writer at The Shelby Report.