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Piggly Wiggly Carolina Selling 28 Stores

CHARLESTON, S.C. — In a continuation of rapid consolidation in the Southeast, Piggly Wiggly Carolina said Thursday that it would sell 28 stores — 22 to Bi-Lo Holdings and another 6 to Harris Teeter.

Jon Springer, Executive Editor

September 12, 2013

2 Min Read
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CHARLESTON, S.C. — In a continuation of rapid consolidation in the Southeast, Piggly Wiggly Carolina said Thursday that it would sell 28 stores — 22 to Bi-Lo Holdings and another 6 to Harris Teeter. Financial terms were not disclosed.

Harris Teeter, based in Matthews, N.C., is also acquiring a store site under construction in Isle of Palms, S.C. The company said it planned to expand and remodel the stores it is buying, which include three locations in Charleston; two stores in Mt. Pleasant, S.C.; and the Newton Farms specialty store, located in Kiawah Island, S.C.

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Bi-Lo Holdings, Jacksonville, Fla., is acquiring 22 Piggly Wiggly locations — 16 in South Carolina and 6 in Coastal Georgia. The company said it anticipated converting those stores to the Bi-Lo banner following the closing of the deal in the fourth quarter.

The deals continue a wave of consolidation among Southeast retailers this year. Harris Teeter is in the process of being acquired by Kroger Co., Cincinnati. Bi-Lo Holdings earlier this year announced plans to acquire the Sweetbay, Reid’s and Harveys banners from Delhaize America.

Piggly Wiggly Carolina will continue to operate 32 corporate-owned stores and to supply 28 franchise customers, sources said.

"The departure of employees and stores from the Piggly Wiggly team will be acutely felt, but we know that Bi-Lo Holdings and Harris Teeter will benefit from these outstanding folks," David Schools, president and chief executive officer of Piggly Wiggly Carolina, said in a statement. "We are glad that employees in these stores will have the opportunity to work for Bi-Lo Holdings or Harris Teeter, and guests will continue to be served by the familiar people who have been the backbone of these stores for years.”

 

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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