Winn-Dixie owner Bi-Lo is preparing for bankruptcy, according to a Bloomberg report.
Up to 200 stores could close as part of a bankruptcy filing, Bloomberg reported. According to Winn-Dixie's website, the retailer has locations in Florida, Georgia, Alabama, Louisiana and Mississippi.
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Bi-Lo has not publicly confirmed any bankruptcy plans.
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The bankruptcy filing could come as early as next month, Bloomberg reported.
Traditional grocery stores have faced increased competition from online retailers like Amazon.