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Chain vows to bounce back.
Byline: Harry Wessel
Feb. 23--Winn-Dixie put the best face it could Tuesday on its announcement that after 80 years in business it had filed for bankruptcy protection. It promised to emerge as "a more focused and financially stronger company."
Experts were skeptical, to put it mildly.
"By the end of 2006, Winn-Dixie will be a memory," predicted Burt Flickinger, managing director of the Strategic Resource Group, a New York business strategy consulting firm.
"This has all the earmarks of the other 26 [supermarket] chains that Wal-Mart has forced into bankruptcy. Bankruptcy today will lead to liquidation sometime next year."
Winn-Dixie filed late Monday for Chapter 11 protection from its creditors in U.S. Bankruptcy …
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