Multiple Piggly Wiggly stores have been sold to Bi-Lo and Harris Teeter, and they will be renamed. The Savannah Morning News reports on Sept. 13 that more than 20 stores have been sold in Georgia and South Carolina. Piggly Wiggly mentioned competition played a part in the decision to sell the stores.
Bi-Lo and Harris Teeter will take over the stores and begin changing the names in the coming weeks. Employees are not expected to be affected since the stores will not be closing. The sales will be completed by the end of the year. Harris Teeter has already revealed it plans to remodel and briefly close the stores for staff training.
Piggly Wiggly still has privately owned stores and has not announced any other deals. The company explains that increasing competition among grocery chains made the sales necessary. In addition, the trend of acquisitions in the industry was difficult to ignore. Christopher Ibsen adds, “There is a certain measure of sadness that the company will have a very different profile in the Charleston community than it’s had in the past 66 years.”
The company admits it has other plans and may also close some of the warehouses, but Ibsen claims Piggly Wiggly is not leaving the grocery store industry. Instead, it is restructuring the business for the future and making important changes.