winn-dixie stores 2000_Annual_Report

Winn-Dixie Stores, Inc. saw disappointing financial results in 2000 with sales decreasing 3.1% from the previous year. The company underwent a major restructuring process in 2000 that resulted in $396 million in charges to earnings. The restructuring involved closing underperforming stores, consolidating operations, and eliminating over 11,000 jobs. The changes are expected to result in annual cost savings of $400 million once fully implemented.