MONTGOMERY, AL (WSFA) - Bloomberg reports Winn-Dixie's parent company, Bi-Lo, is preparing to file for bankruptcy as soon as next month.
Bloomberg also reports almost 200 stores could close as a part of that move.
Winn Dixie currently operates stores in Florida, Georgia, Alabama, Louisiana and Mississippi.
The business went bankrupt in 2005 and 2009.
So far the business hasn't commented on the report.
Last year, the Winn-Dixie at 5841 Atlanta Highway in Montgomery closed.