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Winn-Dixie Parent Reports 16% Boost in Third-Quarter Comp Sales

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Winn-Dixie Parent Reports 16% Boost in Third-Quarter Comp Sales MONDAY November 30, 2020 PUBLIC jaxdailyrecord.com • 35 cents LEGAL NOTICES BEGIN ON PAGE 3 JACKSONVILLE Daily Record SOUTHEASTERN GROCERS Winn-Dixie parent reportsJA CK16%SONVILLE File image Daily RecordStein Mart closed all of its stores as boost in third-quarter comp sales of Oct 26. JACKSONVILLE $25 million loss for Stein Mart Daily Recordin October The Jacksonville fashion JACKSONVILLE retailer closed its stores after filing for Chapter 11 bankruptcy protection. BY MARK BASCH Daily RecordCONTRIBUTING WRITER After recording profits in its first two months in bankruptcy, Stein Mart Inc. reported a net loss in October as the company closed its stores. The Jacksonville-based fash- ion retailer had a net loss of $25.5 million on sales of $51.9 million in the period from Oct. 4 to Oct. 31, according to a monthly operating report filed in U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division. Stein Mart filed for Chapter 11 bankruptcy Aug. 12 with plans to close its 281 stores. During its going-out-of-busi- ness sales, the company had net income of $20.6 million and sales Provided by Southeastern Grocers of $95.8 million for the period Southeastern Grocers opened its new Winn-Dixie store at 11700 San Jose Blvd. in the Mandarin South Shopping Center on Nov. 11. between Aug. 12 and Aug. 29. It followed with a profit of $3.9 million on sales of $99 million for The Jacksonville- BY MARK BASCH parable-store sales (sales at stores open for the period from Aug. 30 to Oct. 3. based company said CONTRIBUTING WRITER more than one year) jumped 16.2% in the Stein Mart closed the last of its third quarter. stores Oct. 26. its net profit rose to Southeastern Grocers Inc. continued to That’s down from a 21% gain in the second The monthly operating report $235 million in the have big sales increases in the third quarter, quarter but still a big increase, as grocery filed Nov. 20 shows Stein Mart had according to an updated registration state- stores benefit from consumers eating more $573.5 million in sales for the fiscal first nine months ment for its pending initial public offering. at home during the COVID-19 pandemic. year and a net loss of $126.6 million. after a 2019 loss of The Jacksonville-based parent company Southeastern Grocers didn’t provide more of Winn-Dixie and three other supermarket MBASCH@ $116 million. chains said in the Nov. 20 filing that com- SEE PROFITS, PAGE 2 JAXDAILYRECORD.COM Westland Park apartments sold for $57.7 million CBRE announced Nov. 23 it brokered the sale of the Westland Park apartments in Southwest Jacksonville for $57.7 million. The 405-unit apartment community is at 6710 Collins Road near In- terstate 295. It comprises a mix of one-, two- and three-bedroom units, according to a news release. CBRE Senior Vice President Cliff Taylor and Vice President Joe Ayers represented the seller, a fund managed by New York-based DRA Advisors, in the transac- tion. California-based Bridge Acquisitions is the buyer. VOLUME 108, NO. 10 • ONE SECTION 2 JACKSONVILLE DAILY RECORD | MONDAY, NOVEMBER 30, 2020 JaxDailyRecord.com JaxDailyRecord.comJACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER | THURSDAY, SEPTEMBER 19, 2020 1 JACKSONVILLE JACKSONVILLE Daily Record Daily Record HOW TO REACH US HOW TO REACHJACK USSONVILLE 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 Phone: (904) 356-2466, Fax (904) 353-2628 DailPhone: (904)y 356-2466, Re Fax (904)co 353-2628rd jaxdailyrecord.com jaxdailyrecord.com ABOUT US ABOUT USJACKSONVILLE Jacksonville Daily Record and Jacksonville Record & Observer are a division of Jacksonville Daily Record and Jacksonville Record & Observer are a division of Observer Media Group Inc. ObserverDail Media Group Inc. y Record Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit Record, is published Monday-Friday and is the OfficialJACK SCourtONVILLE Newspaper of the Circuit Provided by Southeastern Grocers Court and publisher of public notices in Duval County. Court and publisher of public notices in Duval County. The World Flavors produce area at the new Mandarin Winn-Dixie. Jacksonville Record & Observer is a free weekly business newspaper available in JacksonvilleDail Record & Observery is aRe free weekly businessco newspaperrd available in Downtown Jacksonville and key business nodes throughout Jacksonville. To find a Downtown Jacksonville and key business nodes throughout Jacksonville. To find a However, the company opened four location near you, visit jaxdailyrecord.com/rack-locations. location near you, visit jaxdailyrecord.com/rack-locations. new Winn-Stores supermarkets Nov. 11, Profits including one in Jacksonville in the Man- Editorial content focuses on news and trends, with a concentration on development, Editorial content focuses on news and trends, with a concentration on development, CONTINUED FROM PAGE 1 darin South Shopping Center at 11700 real estate, construction, law, companies, economic and industry trends and how local real estate, construction, law, companies, economic and industry trends and how local San Jose Blvd. and state government affects business. and state government affects business. financial details for the third quarter but The updated filing does not give more the filing said total sales in the first three details on the IPO. STAFF STAFF quarters of the year rose 16.6% to $7.4 The company has not said how many Publisher / Matt Walsh Director of Advertising / Jay Lesowitz Publisher / Matt Walsh Director of Advertising / Jay Lesowitz billion. shares will be sold or who the current [email protected] [email protected] [email protected] [email protected] And after losing $116.2 million in 2019, owners are who will be selling shares. Publisher Emeritus / James F. Bailey Jr. Advertising Coordinator / Codi Gildberg Publisher Emeritus / James F. Bailey Jr. Advertising Coordinator / Codi Gildberg the company had a net profit of $235.1 Southeastern Grocers went through [email protected] [email protected] million in the first nine months of 2020. a prepackaged Chapter 11 bankruptcy [email protected] [email protected] Editor / Karen Brune Mathis Legal Advertising Manager / Janet Mohr Editor / Karen Brune Mathis Legal Advertising Manager / Janet Mohr The company operated 540 stores at reorganization in 2018 that resulted in [email protected] [email protected] the end of the third quarter but has plans a group of creditors receiving the com- [email protected] [email protected] to sell 121 of those, including all stores pany’s stock in exchange for debt. Managing Editor / Monty Zickuhr Legal Advertising Associate / Rhonda Fisher Managing Editor / Monty Zickuhr Legal Advertising Associate / Rhonda Fisher [email protected] [email protected] operating under the Bi-Lo brand. However, court documents did not [email protected] [email protected] Associate Editor Legal Affairs / Max Marbut / Max Marbut The sales would leave Southeastern specify who received the stock and Network Administrator / Erik Wagner Associate Editor Legal Affairs Network Administrator / Erik Wagner [email protected] [email protected] Grocers with 419 stores under the Winn- became owners of the company. [email protected] [email protected] Staff Writer / Katie Garwood / Katie Garwood Dixie, Harveys and Fresco y Mas banners Court Typeset / Paula Steiner Staff Writer Court Typeset / Paula Steiner [email protected] [email protected] as of Sept. 30. [email protected] [email protected] [email protected] Staff Writer / Mike Mendenhall Staff Writer / Mike Mendenhall [email protected] Director of Circulation / Anne Shumate [email protected] Director of Circulation / Anne Shumate [email protected] [email protected] Business Manager / Angie Campbell Business Manager / Angie Campbell [email protected] Distribution / Tim Reagan [email protected] Distribution / Tim Reagan [email protected] [email protected] DEVELOPMENT TODAY These are the largest commercial SIGNS PRESS RELEASE/INQUIRY/REPRINTS PRESS RELEASE/INQUIRY/REPRINTS building permits by job cost issued Nov. Jacksonville Porsche, 11211 Atlantic Blvd., 24 by the city of Jacksonville. contractor is Taylor sign & Design Inc., three Submit a press release or editorial inquiry online Submit a press release or editorial inquiry online permits for wall and ground signs, $8,000. jaxdailyrecord.com/submit-news-release or email [email protected]. jaxdailyrecord.com/submit-news-release or email [email protected]. INDUSTRIAL T-Mobile, 3655 University Blvd. W., No. 1, Article reprints are available at jaxdailyrecord.com Article reprints are available at jaxdailyrecord.com Peerless Bullfrog LLC, 3621 St. contractor is Clear View Signs Inc., two Augustine Road, contractor is permits for wall signs, $4,950. HOW TO SUBSCRIBE HOW TO SUBSCRIBE Commercial Construction Services T-Mobile, 10095 Beach Blvd., No. 675, Inc., 3,450 square feet, new warehouse contractor is Clear View Signs Inc., two Subscribe online at jaxdailyrecord.com/subscribe or contact
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