Piggly Wiggly

Piggly Wiggly, LLC is an American supermarket chain operating in the American Southern and Midwestern regions. Its first outlet opened in 1916 in Memphis, Tennessee, and is notable as the first true self-service grocery store, and the originator of various familiar supermarket features, such as checkout stands and individual item price marking.^{[citation needed]} It is currently headquartered in Keene, New Hampshire, although no Piggly Wiggly-branded stores operate in that state. As of 2024, 503 independently owned Piggly Wiggly stores currently operate across 18 states, primarily in smaller cities and towns.

Piggly Wiggly was the first self-service grocery store. It was founded by Clarence Saunders on September 6, 1916 (although it did not open until five days later due to delays in construction), at 79 Jefferson Avenue in Memphis, Tennessee. 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.

At the time of its founding, grocery stores did not allow customers to gather their goods. Instead, a customer would give a list of items to a clerk, who would then collect them throughout the store. Piggly Wiggly introduced the innovation of allowing customers to go through the store, gathering their goods. Losses due to easier shoplifting were more than offset by profits from increased impulse purchasing. 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.

Piggly Wiggly Corporation secured the self-service format and issued franchises to hundreds of grocery retailers to operate its stores. The concept of the "self-serving store" was patented by Saunders in 1917. 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 customers selected merchandise as they continued through the maze to the cashier. Instantly, packaging and brand recognition became important to companies and consumers alike.

Piggly Wiggly were the first company to use point of sale lanes for payment.

The success of Piggly Wiggly was phenomenal, and other independent and chain grocery stores changed to self-service in the 1920s and 1930s. At its peak in 1932, the company operated 2,660 stores and posted annual sales in excess of $180 million. In November 1922, Saunders attempted a short squeeze on the substantial short interest in the stock, running the share price up from 40 to 120 and profiting by millions on paper. 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. Saunders reputedly lost $9 million in the attempted corner.

Following these events, the company was divided into strategic units, which were sold to regional grocery chains, including Kroger, Safeway, National Tea, and Colonial. In 1935, all 179 Canadian Piggly Wiggly were also sold to the Canadian Safeway division, which merged with Sobeys in 2013. Prior to this, three stores in Texas were sold to the emerging H-E-B in 1927.

After losing control of Piggly Wiggly, Saunders had no further association with the company. However, he remained interested in automated shopping, with which he experimented initially with the Keedoozle store until he died in 1953.