Already-distressed grocers like Bi-Lo Holdings and Fresh Market were already dealing with the threat of increased competition from Amazon when Hurricane Irma swept through and hammered them. Apollo Global Management reportedly has extended a 6% unsecured $50mm bridge loan to Fresh Market to help keep it afloat. Meanwhile Bi-Lo is advisored to the hilt and seems headed towards some kind of restructuring. Tops Friendly Markets also has secured debt trading at distressed levels. While Kroger announced somewhat flat guidance going forward, it acknowledged an expected fall in earnings as price wars heat up with Amazon and foreign encroachers like Aldi and Lidl; it also announced that it hired Goldman Sachs to explore a sale of its convenience store business. While the stock traded up on the news, it is still down nearly 37% since the WholeFoods news. There will be winners and losers in this space and it seems increasingly likely to shake out quickly.