Winn-Dixie to Sell 21 Stores
Jacksonville, Fla., Bankrupt Winn-Dixie Stores Inc. said it reached agreements to sell 21 stores to 14 buyers for more than $15 million. The deal does not include inventory, which was sold previously in clearance sales. The stores are part of the 35 locations closed earlier this year after an evaluation of the company’s business. The closings aim to enhance Winn-Dixie’s financial performance and help prepare it to emerge from Chapter 11 reorganization this fall.
Sunrise Properties is buying four stores, while Office Depot Inc. and Kash n’ Karry Foods supermarket chain are buying three stores each, while other buyers are purchasing individual stores. Winn-Dixie said employees working at the closed stores were hired at other company stores.
Report: Consumers to Increase On-Line Purchases
New York City, Anew report by eMarketer entitled “U.S. Retail E-Commerce” revealed that U.S. consumers would increase their spending at on-line retail stores from $877 per consumer in 2005 to $1,512 per consumer by 2009, an increase of more than 50%. The report also revealed that even though the average annual growth rate of retail e-commerce sales will slow from the 26% seen between 2001 and 2005, it would remain strong at 18.6% from 2006 to 2009. “On-line shoppers, who have faster on-line connections and more Internet experience, are venturing beyond the safe-purchase categories of books, videos and toys that marked the first e-commerce success stories,” said eMarketer senior analyst Jeffrey Grau, in a statement.
FreshDirect Expands Delivery Areas
Long Island City, N.Y., On-line fresh-food delivery service FreshDirect said it plans to extend its delivery area to parts of Douglaston, Little Neck and Great Neck, N.Y. The service also recently began expanding its service in Northern New Jersey. In addition, FreshDirect is gearing up to serve the Hamptons in Long Island, N.Y., for its second summer.