Latest news with #PigglyWiggly
Miami Herald
14-07-2025
- Business
- Miami Herald
Piggly Wiggly owner closing more supermarket locations
Everyone remembers their mother's go-to supermarket as a child, from the name of the cashier lady your mom constantly gossiped with to the order in which your family would make its way around the store so nothing was forgotten. However, consumers' needs have evolved. Convenience now plays a significant role in how people shop, which has slowly caused smaller local supermarkets to disappear. Don't miss the move: Subscribe to TheStreet's free daily newsletter It has become far more appealing to check off an entire grocery list while running errands in a single trip than to visit multiple stores and waste many hours of the day. Related: Famous French Quarter restaurant suddenly closes after 34 years This is why retail giants like Walmart (WMT) , Whole Foods (AMZN) , and Kroger have pioneered the expansion of all-in-one grocery stores by adding pharmacies, gas stations, and restaurants, expanding their assortment and services to better fill gaps in the market. Unfortunately, this has put smaller supermarket chains in a tougher position to compete. Homeland Stores became an independent company in 1987, but after filing for bankruptcy in 2002, it was acquired by Associated Wholesale Grocers. Homeland Acquisitions Corp. became an employee-owned company in 2011, and a year later, it acquired Homeland Stores from the previous owner to help boost the growth of the business. Related: Cheesecake Factory faces truly disturbing charges The company currently operates around 80 supermarkets in Oklahoma, Texas, and Georgia under different names, including CashSaver, Discount Foods, Food World, Piggly Wiggly, and United Supermarkets. However, growth tends to plateau eventually, and Homeland Acquisitions has reached this dreaded stage, announcing multiple closures in various states after growing its portfolio by buying small chains and units. Homeland Stores is set to close five supermarkets in Oklahoma and Georgia. Although a tough decision, the parent company deemed these lower-performing stores with less long-term growth potential. The supermarkets closing in Oklahoma include one Homeland in Pauls Valley, another in Jay, a United Supermarket store in Kingfisher, and a Discount Foods location in Ponca City. The store closing in Georgia is a Piggly Wiggly in Gordon. More Retail News: Starbucks' huge new rival opens first US storesHome Depot spends billions on major acquisitionRestaurant that invented beloved sandwich closing after 117 years "By closing these stores, we are able to focus on the greatest opportunities that strengthen other communities, grow communities and to really strengthen our organization by focusing resources in those areas," said Homeland Acquisition Director of Marketing and Public Relations Christin King to The Oklahoman. The Georgia location will close on August 16, as stated on its Facebook page, and so will the four Oklahoma stores, according to a customer service representative. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
09-07-2025
- Yahoo
SRSO investigating drive-by shooting in East Milton near Piggly Wiggly
Santa Rosa County deputies detained a suspect after a drive-by shooting in East Milton on July 2. The SRSO told the News Journal they are investigating a drive-by shooting that occurred near the Piggly Wiggly in East Milton and arrested one suspect after a brief standoff when he barricaded himself in a residence. The department did not release further details. This is a developing story. Check back later for more details. This article originally appeared on Pensacola News Journal: Milton Piggly Wiggly crime scene as deputies respond to shooting
Yahoo
02-07-2025
- Yahoo
SRSO investigating drive-by shooting in East Milton near Piggly Wiggly
Santa Rosa County deputies are attempting to detain at least one person after a drive-by shooting in East Milton on July 2. The SRSO told the News Journal they are investigating a drive-by shooting that occurred near the Piggly Wiggly in East Milton and are attempting to arrest one suspect whose barricaded himself in a residence. The department did not release further details. This is a developing story. Check back later for more details. This article originally appeared on Pensacola News Journal: Milton Piggly Wiggly crime scene as deputies respond to shooting
Miami Herald
25-06-2025
- Business
- Miami Herald
Mapping C&S and SpartanNash's combined footprint
The grocery industry is on the brink of seeing a new distribution company with a nationwide reach. On Monday, C&S Wholesale Grocers announced plans to acquire SpartanNash in a $1.77 billion deal that is expected to close by the end of this year. The companies each operate a distribution network that spans multiple regions, as well as regional grocery banners and private label lines. The companies have positioned the merger as an opportunity to gain leverage over "extremely large global grocers in the U.S. food-at-home space," and they aim to do so by bringing together distribution facility portfolios that stretch across different regions of the U.S. and only overlap in three states. If given the green light to combine, the merged companies will serve nearly 10,000 independent retail locations, according to Monday's announcement. C&S has a distribution presence in 15 states, with facilities as well as offices along the West Coast, in the Northeast and across multiple Hawaiian islands. Meanwhile, SpartanNash's 14 distribution centers are primarily concentrated in the Midwest, with centers in southern and southeastern states, as well. Texas, Florida and Maryland are the only states where the companies both have distribution facilities out of the nearly 30 states where they collectively operate. C&S and SpartanNash's grocery retail footprints tell a similar story. SpartanNash operates close to 200 supermarket locations across a dozen grocery banners in 10 states, including Family Fare, Martin's Super Markets and D&W Fresh Market, per the company's website. C&S's company-operated retail business is smaller, consisting of stores across the Piggly Wiggly and Grand Union Supermarkets banners. C&S, which acquired Piggly Wiggly Midwest in 2021, would not confirm how many Piggly Wiggly stores it operates. C&S was part of a consortium of investors that, early this year, acquired roughly 170 Winn-Dixie and Harveys Supermarket stores from Aldi. C&S lost out on the ability to gain hundreds of grocery stores in the failed Kroger-Albertsons merger. The merger with SpartanNash, however, could help C&S to step up its retail presence with little worry about store overlaps that might draw regulatory scrutiny. Copyright 2025 Industry Dive. All rights reserved.
Forbes
23-06-2025
- Business
- Forbes
C&S Wholesale To Acquire SpartanNash In Bid To Take On Grocery Giants
SpartanNash owns a number of retail fascias, including Family Fare. Byron Center, Michigan-based SpartanNash Co. plans to sell its business to a privately-held wholesale grocery distributor, and the parent company of Piggly Wiggly Supermarkets, in a $1.77 billion deal, the companies announced this morning. Keene, New Hampshire-based C&S Wholesale Grocers has agreed to acquire SpartanNash for $26.90 per share, representing a total consideration of $1.77 billion, including debt, as the companies seek to compete better against larger global grocers in the U.S. supermarket sector. The offer represents a 52.5% premium over SpartanNash's closing price on 20 June and the company's stock has soared since the announcement, reaching around $26.50. Together, the combined company will operate almost 60 distribution centers covering the U.S. and will serve close to 10,000 independent retail locations, with more than 200 corporate-run grocery stores also under their umbrella. In a joint media release, the companies said that the deal has been designed to provide a more efficient supply chain as well as an ability to secure the 'best possible' delivered cost of goods and promotional discounts, which are expected to translate into lower prices for grocery shoppers. C&S And SpartanNash Merger Founded in 1918, C&S Wholesale Grocers supplies more than 7,500 independent supermarkets, chain stores, military bases and institutions with over 100,000 different products. It also operates and supports corporate grocery stores and services independent franchisees under a chain-style model throughout the U.S. Midwest, South and Northeast. SpartanNash operates two complementary business segments - food wholesale and grocery retail. In terms of retail operations, the company operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with associated convenience stores. On the wholesale side, SpartanNash serves customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. SpartanNash Q1 Results SpartanNash posted Q1 adjusted earnings per share of $0.35 in the 16 weeks to April 19, missing the analyst consensus of $0.45. However, revenue for the quarter came in at $2.91 billion, surpassing estimates of $2.87 billion and representing a 3.7% increase year-on-year. The company's retail segment saw a 19.6% jump in net sales to $947.2 million, driven by incremental sales from acquired stores and a 1.6% rise in comparable store sales. However, the wholesale segment experienced a 2.6% decline in net sales to $1.96 billion. The merged businesses will have around 60 distribution centers combined. 'The combination of our two companies' capabilities puts our collective customers' stores and our own retail stores at the center of the plate, supporting their ability to thrive in a highly dynamic and competitive environment. Our customers need us more than ever, and we are building a sustainable platform for our team members to be able to support them long into the future,' C&S CEO Eric Winn said of the deal. The proposed merger, which has been unanimously approved by the boards of both companies, is expected to close in late 2025. 'For our customers, this transaction creates the necessary scale, efficiency and purchasing power needed to enable independent retailers to compete more effectively with larger big box chains,' SpartanNash President and CEO Tony Sarsam said. 'Neighborhood grocers are essential pillars of our communities that we want to preserve and strengthen. A thriving hometown grocery store supports local farmers, bolsters the local economy, and enhances the overall health and well-being of the community,' the SpartanNash boss added.
