retail news in context, analysis with attitude

The Jacksonville Business Journal reports that Bi-Lo Holdings, looking to raise as much as $500 million, plans to take the company public.

The move comes after Bi-Lo bought Winn-Dixie and took the company private. Since then, Bi-Lo also has agreed to acquire Sweetbay, Harveys and Reid's from Delhaize for $265 million in cash.
KC's View:
Not being a stock analyst, I probably need to be careful about how I phrase this. But I'm not sure that Bi-Lo is where I would invest my hard-earned money ... I'm just not persuaded that despite the fact that it is bigger than it used to be, there is a plan in place that will allow it to transcend its roots and offer a compelling and differentiated shopping experience to consumers.

Now, some will suggest that not every retailer has to do this to survive. And I'd agree with that. But if I'm going to invest my money, it is going to be with a company that wants to change the game, not just play the game.

It is possible that Bi-Lo will disagree with my conclusions. I am happy to be proven wrong.