Amazon effect felt as two grocery chains on verge of bankruptcy
Two U.S.-based supermarket chains are on the brink of bankruptcy as Amazon preys on brick-and-mortar retailers across the country.
Bloomberg, citing people familiar with the matter, reported that Bi-Lo, the Winn-Dixie grocery chain’s parent, is preparing to file for bankruptcy as soon as March. Meanwhile, the owner of Tops Friendly Markets, could seek court protection from creditors as soon as this month, Bloomberg said.
Should this really to be considered progress??? I can’t honestly say I blame Amazon, BUTT when you are on the receiving end, it gotta hurt like hell.