Daily Record FINANCIAL NEWS &
FRIDAY, SEPTEMBER 30, 2016
Vol. 103, No. 230 • oNe SectioN
35¢ www.jaxdailyrecord.com
6 Winn-Dixies becoming Harveys
By Karen Brune Mathis Managing Editor Southeastern Grocers intends to convert at least six more Jacksonville Winn-Dixie stores to its Harveys Supermarket banner. The six are: • 777 Market St. in Downtown • 5909 University Blvd. W. in Southside • 3000 Dunn Ave. in North Jacksonville • 203 W. 48th St. in the North Shore area • 2261 Edgewood Ave. W. in Northwest Jacksonville
• 5250 Moncrief Road in Northwest Jacksonville The conversions aren’t entirely unexpected. The supermarket chain opened its first local Harveys in May when it converted a Winn-Dixie at 1012 Edgewood Ave. N. in Northwest Jacksonville. The Jacksonville-based company said at the time the store was tailored to the community. President and CEO Ian McLeod said then the company might roll out the initiative to more Winn-Dixie stores. Southeastern Grocers did not
respond immediately to questions this morning. On Wednesday, it issued a statement regarding media reports the Downtown store might convert to Harveys. “As the progressive transformation of our business and our stores continues, we’re constantly evaluating and improving all of our product offerings and design of our stores to meet the needs of our customers,” said a statement attributed to Joe Caldwell, manager of corporate communications. HARVEYS CONTINUED ON PAGE A-3
File photo
Banner targets more price-conscious customers
A former Winn-Dixie store at 1012 Edgewood Ave. N. converted to the Harveys format in May. It was the first Harveys in Jacksonville.
Analysts downgrade ratings on Stein Mart Retail company was ‘underperforming’ for over a year
Special to the Daily Record
By Mark Basch Contributing Writer
Jacksonville Symphony Orchestra music director Courtney Lewis is back for a second full season, which begins tonight.
Time to breathe and grow
Lewis, Massey continue to revamp symphony By Marilyn Young Editor Courtney Lewis is looking forward to many parts of the Jacksonville Symphony Orchestra’s season that begins tonight. The season includes pieces everyone knows, think Tchaikovsky’s Symphony No. 6 and Symphony No. 2 from Gustav Mahler; classical works from Mozart and Haydn; and contemporary music from Gyorgy Ligeti and Julian Anderson. The quality of guest artists continues to grow and opera returns with a Christmas production of “Hansel and Gretel.” All that will help achieve two key factors Lewis wants to happen every season: What’s going to help the orchestra grow and what will the audience enjoy.
Public
He’s also looking forward to something else in his second full season as music director for the orchestra. The Jacksonville job is his only full-time gig. No more having to split time with the New York Philharmonic, for which he was assistant conductor the past two years. He enjoyed the experience immensely, but it made for a very tough season. One where he worked 44 weeks. “It was complete insanity,” Lewis said. He’s working 20 weeks this year, which he admits is light. An ideal year would be 30 weeks. That lighter schedule is giving him time to enjoy his new Avondale home, where he can cook and read and work out. Where he can actually take time to breathe. SYMPHONY CONTINUED ON PAGE A-3
legal NoticeS begiN oN Page
a-10
Two analysts downgraded their ratings on Stein Mart Inc. Thursday following the abrupt resignation of CEO Dawn Robertson just six months into the job. The Jacksonvillebased fashion retailer did not give a reason for Robertson’s departure in its Thursday morning announcement, but did say recent sales results were disappointing. “The merchandise and marketing changes implemented by Ms. Robertson have Robertson been too disruptive to the organization, with third quarter performance materially below expectations,” Johnson Rice and Co. analyst David Mann said in a report Thursday, as he downgraded Stein Mart from “accumulate” to “hold.” “This surprise announcement comes at a critical juncture as the company has been underperforming its peer group for over a year, with potential to fall further behind as bigger off-price players continue to gain share,” Mann said. Sidoti & Co. analyst Anthony Lebiedzinski downgraded Stein Mart from “buy” to “neutral” Thursday, but he said he could not comment further. Robertson joined Stein Mart in March, succeeding Jay Stein as CEO, and quickly launched new marketing and merchandising programs, including plans to target “younger attitudinal” customers. Stein Mart’s traditional core customer has been women over 35.
Massey
STEIN MART
PubliShed
for
27,030
CONTINUED ON
PAGE A-4
coNSecutiVe weekdayS