Why Piggly Wiggly shoppers are in mourning
The beloved family-owned company is selling about half its locations to bigger chains, reducing its longtime Southern presence.
A change is coming to a beloved Southern grocery chain, and it's not going over well with customers.
Piggly Wiggly Carolina, the colorfully named grocery chain, is selling about half of its locations to bigger rivals, Bloomberg Businessweek reports. That means only about 30 stores will remain operated by the company, along with some additional franchises, which Piggly Wiggly's spokesman describes as bittersweet.
Loyal customers are mourning this development. South Carolina newspaper The Moultrie News writes, "Saying goodbye to Piggly Wiggly is hard to do." The editorial added, "Piggly Wiggly grocery stores have been part of the familiar landscape and part of the culture of how we eat, meet and live."
Why is a beloved grocery chain selling out? Because of debt the company took on in converting to an employee stock-ownership plan, along with the pressures of increased competition, according to Supermarket News.
Those local offerings are one reason Southern shoppers adore Piggly Wiggly, which has shelves stocked with favorites such as smooth grits and Duke's mayonnaise, Businessweek writes.
Shoppers in Mountain Brook, Ala., are organizing a campaign and a Facebook (FB) page to "Save the Crestline Pig," referring to their nearby Piggly Wiggly, which is facing another fate: closure. The store will shut its doors in November after failing to work out a lease agreement.
Some of the comments might make executives at other grocery chains green with envy, given the loyalty and affection for the brand.
"I apologize for crying through your store today," one woman wrote, according to AL.com. "This decision will certainly impact your employees more than it will me; please know that is part of my grief."
Follow Aimee Picchi on Twitter at @aimeepicchi.
s I grew up, PIGGLY WIGGLY was the main stay of the working class, as the prices low and the people were friendly.
It was the place to shop growing up but then management starting running it like 7-11 and it was only a matter of time.
They holding their own in the Jackson, Mississippi metro and the rual areas.
No hint of change coming for them around here.
Shopped at their Albuquerque store for many years...No complaints..Remember they had a Lucky Dozen Donut shop next door...13 in every dozen..It was on Menaul near Bekins moving company..
That was 40 years ago...lol
One of my first memories is of walking through a Piggly Wiggly store. I'm not sure how well the store is today, as I live in Florida and we don't really have any of those stores around where I live. Memories..........
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
More than 70 percent of the Class of 2012 took out loans. Oh, and they're seeing high unemployment, too.
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
- Should the US scrap the debt ceiling?
- Will new mortgage rules mean fewer lenders?
- Why GM, Chrysler are riding high
- Survey: Dashboard lights fail to send right message
- Can you opt out of Medicare?
[BRIEFING.COM] The drive for five continued today and it was a success. For the fifth straight session, the S&P 500 ended lower. Like the previous four sessions, though, the losses were fairly modest in scope. The S&P 500 declined 0.4%, bringing its total loss for the five sessions to 22 points or 1.2%. All in all, that still qualifies as a pretty tame slide considering the S&P 500 had risen 150 points, or 9.1%, over the previous eight weeks.
Today's ... More
More Market News
The retailer labels the character's fake memoir as non-fiction. This comes weeks after it categorized the the Bible as fiction.