Saunders reputedly lost $9 million in the attempted corner. The Stock Exchange Governors responded by deciding that a corner had been established in Piggly Wiggly and removed the stock from the Board, eventually forcing Saunders to turn over his assets to the banks that had financed his leveraged position. In November 1922, Saunders attempted a squeeze on the substantial short interest in the stock, running the share price up from 40 to 120 and profiting by millions on paper. At its peak in 1932 (see Clarence Saunders), the company operated 2,660 stores and posted annual sales in excess of $180 million. The success of Piggly Wiggly was phenomenal, and other independent and chain grocery stores changed to self-service in the 1920s and 1930s. In 1937, Piggly Wiggly became the first company to provide shopping carts for customers, in their Oklahoma branch they were also the first company to use Point of sale lanes for payment. The original Piggly Wiggly Store, Memphis, Tennessee, 1918 Instantly, packaging and brand recognition became important to companies and consumers alike. The customers selected merchandise as they continued through the maze to the cashier. Customers at Piggly Wiggly entered the store through a turnstile and walked through four aisles to view the 605 items sold in packages and organized into departments. The concept of the "self-serving store" was patented by Saunders in 1917. Piggly Wiggly Corporation secured the self-service format and issued franchises to hundreds of grocery retailers to operate its stores. Others were initially experimenting with this format, which came to be known as a "groceteria", reminding people of cafeterias, another relatively new, self-service idea. Losses due to easier shoplifting were more than offset by profits from increased impulse purchasing. Piggly Wiggly introduced the innovation of allowing customers to go through the store, gathering their goods, thus cutting costs and lowering prices. This created greater costs and higher prices. Instead, a customer would give a list of items to a clerk, who would then collect them throughout the store. A replica of the original store has been constructed in the Memphis Pink Palace Museum and Planetarium, a mansion that Saunders built as his private residence, which was later sold to the city.Īt the time of its founding, grocery stores did not allow customers to gather their goods. It was founded on Septem (although it did not open until five days later due to delays in construction), at 79 Jefferson Avenue in Memphis, Tennessee, by Clarence Saunders. Piggly Wiggly was the first self-service grocery store. $3.Historical marker near the site of the first Piggly Wiggly store in Memphis, Tennessee James Skinner Sensational, Strawberry, Cheese or Apple Strip Danish 14 oz. Hickory Slow Smoked BBQ Sandwich W/4 Potato Logs $6.95įrom The Wing Bar Choose From 6-8 Flavors Hot Wings Per lb. Rotisserie Cooked Slow Smoked Boneless Thighs 6-ct. Rotisserie Cooked Slow Smoked Pork Spare Ribs Per Slab $12.95 Lea & Perrins Worcestershire Sauce Value Size. $4.42Īrm & Hammer Liquid Laundry Detergent 144 oz. $2.50Īssorted Almond Breeze Almond Milk 96 oz. Bags $15Īssorted Flavors Gatorade All Stars 6 Pack $3.88Ĭrav’n Pizza Bacon Ranch, Supreme or Hawaiian 17.95-21.3 oz $5įast bite Cheeseburger or Chicken Sandwiches Each $1įlavored Bumble Bee Tuna Pouches Each 89₵ Florida Fresh Jumbo Size Bell Peppers Each 50₵ Pork, Chicken or Pulled Pork Curly’s BBQ 12-16 oz. Nathan’s Bun Length or Colossal Franks Value Pack. Nature’s Best Peeled & Deveined Cook Shrimp 2 lb. $2.43įresh Premium Boneless Fryer Breast Value Pack. $3.57įresh Premium Pork Ground Sausage Per lb. Oscar Mayer Cheese Dogs or Beef Franks 15-16 oz. Kentucky Legend Quarter Sliced Ham Reg., Brown Sugar or Black Forest Per lb. $5.66įresh Premium Pork Cubed Pork Value Pack Per lb $2.77 $2.34Ĭertified Angus Choice Beef Stir Fry Value Pack Per lb. $4.44įresh Premium Pork Assorted Boneless Pork Chops Value Pack. Box $22.80Ĭertified Angus Choice Beef Top Round Steak Value Pack. $1.81Īunt Bessies Small Baby Pork Spare Ribs 10 lb. $4.25įresh Premium Fryer Boneless Thighs Value Pack. $6.97Ĭertified Angus Choice Beef Boneless London Broil Per lb. $18.15Ĭertified Angus Choice Beef Boneless Top Sirloin Steak Value Pack. $3.99īeach Cliff Sardines or Fish Steaks 3.75 oz. $2.50Ĭhiquita or Dole Golden Ripe Bananas Per lb. Btls $2.98Ĭalifornia Fresh Strawberries 1 lb. Don’t forget, Food for Less Albany is your Cost Plus 10% discount grocery store! We sell at our cost plus 10% added at the register on every item in the store. POWER BUYS: Hey Albany! Check out our Power Buys good from May 31 – June 6.
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