1. News
March 29, 2018

Piggly Wiggly’s independent owners to buy six grocery stores in US

Three independent US-based Piggly Wiggly store owners, with the support of C&S Wholesale Grocers, have signed a definitive agreement with Southeastern Grocers to acquire three BI-LO stores in South Carolina and three Harveys Supermarkets in Georgia.

Three independent US-based Piggly Wiggly store owners, with the support of C&S Wholesale Grocers, have signed a definitive agreement with Southeastern Grocers to acquire three BI-LO stores in South Carolina and three Harveys Supermarkets in Georgia.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The arrangement is in conjunction with the restructuring support agreement announced by Southeastern Grocers on 15 March.

The move comes after Southeastern Grocers filed for Chapter 11 bankruptcy on 27 March.

“Our Independent Owners are excited to grow their existing store count and expand the Piggly Wiggly brand in the Southeast.”

Piggly Wiggly stores in South Carolina and Southeast Georgia, which are independently owned and operated, are supported and supplied by C&S Wholesale Grocers.

C&S Wholesale Grocers southeast marketing and merchandising vice-president John Owens said: “Our Independent Owners are excited to grow their existing store count and expand the Piggly Wiggly brand in the Southeast.”

The Harveys supermarkets being purchased, include two locations in Lakeland and one in Homerville.

The Harveys supermarkets are purchased by Ashley and Missy Thompson, current owners of three Piggly Wiggly locations in Southeast Georgia.

John and Anna Gillis, who currently own three Piggly Wiggly stores in South Caroline, are purchasing two BI-LO stores one in Abbeville and one in Clover.

David and Haley Smith, who currently own one Piggly Wiggly store in the area, are buying BI-LO store in Charleston.

After completion of the transactions, which is expected to end by April 2018, the stores will be rebranded as Piggly Wiggly.

The addition of these six stores to the company’s portfolio will increase the Piggly Wiggly store count to 50 in South Carolina and Southeast Georgia.

Piggly Wiggly currently own 600 supermarkets that are independently owned and operated across the US.

C&S Wholesale Grocers is a wholesale grocery supply company delivering over 140,000 products to independent supermarkets, chain stores and institutions in 15 US states.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.