As a result, Publix announced that they will be closing “dozens of stores” in Georgia, Alabama, along with “hundreds of Florida stores” where Publix currently operates in 764 locations.
Wal-Mart filed suit in 2013 claiming infringement and theft of proprietary “store layout methodology algorithms”. Wal-Mart claims these algorithms were trade secrets leaked by executives who left Wal-Mart to work for Publix in early 2012.
Publix allegedly utilized these algorithms to drive store growth and take market share from Wal-Mart in the last four years. In addition to the store closings, Publix announced massive layoffs of over 20,000 employees across the southeast in an effort to weather this financial blow and keep the franchise alive.
This is a truly tragic and trying time for us Floridians, get your pub subs while you still can.
We’ve got the official statement and list of store closings via their stockholder relations websiteRead the statement here