business news in context, analysis with attitude

The Tampa Bay Business Journal reports that Delhaize-owned Sweetbay Supermarkets plans to close seven of its 107 locations in western Florida, though the company still plans to open three new stores this year.

According to the story, “the stores are closing for a variety of reasons … that include market conditions, geography, performance and pending lease renewals.”

Interestingly, the story runs as the Orlando Business Journal reports that Albertsons is closing three stores in Florida – a state that has been hard-hit by the economic downturn.

KC's View:
In tough times, you have to clear away the dead wood. Hard to say, harder to do. But you don't really have any choice.