Dive Brief:

• C&K Markets Inc., which operates 60 stores under four banners in the Northwest, has filed for Chapter 11 bankruptcy protection.
• The company plans to close or sell about one-third of its stores and layoff about 20% of its workers.
• The family owed business operates under stores under the C&K Market, Ray’s Food Place, Shop Smart and LoBuck brands.

Dive Insight:

Given that C&K is privately held, it's tough to say just how bad things might be there. Just last month the company said it would dump it pharmacy businesses. So the suggestion would be that major changes are needed. Here's hoping that bankruptcy protection gives the company a chance to regain its footing.