The Wall Street Journal reports that Hurricane Katrina, which dealt so many businesses a devastating blow, may actually end up being a cloud with a silver lining for Winn-Dixie.
According to the paper, Winn-Dixie CEO Peter Lynch considered closing down the company’s New Orleans division, which has 125 stores, even though it was one of the bankrupt company’s few bright spots.
Lynch believes that by properly using insurance money, hell be able to open stores back up faster than the competition, renovate them, and improve their product selection to an extent it might not have been able to before the hurricane hit.
According to the paper, Winn-Dixie CEO Peter Lynch considered closing down the company’s New Orleans division, which has 125 stores, even though it was one of the bankrupt company’s few bright spots.
Lynch believes that by properly using insurance money, hell be able to open stores back up faster than the competition, renovate them, and improve their product selection to an extent it might not have been able to before the hurricane hit.
- KC's View:
