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Shultz Foods Co history
Shultz Foods Co company history timeline
Piggly Wiggly had been founded in Memphis in 1916 as an innovative 'self-serve' grocery store.
After several years of steady growth, the brothers expanded the official name of their business in 1920 to Schultz Brothers Company Wholesale Grocers.
By 1928 they were ready to begin distributing their own brands as well.
In 1946 the Schultzes expanded their wholesale operation to include fresh produce and frozen food products, adding a new building to their original facility to accommodate the expansion.
The name Piggly Wiggly came into the picture in 1949.
In 1957, to support its growing chain of supermarkets, Schultz Brothers purchased 16 acres of land and a warehouse facility in Sheboygan, Wisconsin.
1962:Company is incorporated as Schultz Sav-O Stores, Inc., and goes public.
In 1969 Schultz Sav-O shifted gears entirely with its retail operation.
“Store Chain Profits Sink,” Milwaukee Journal, May 12, 1972.
After 70 years of operating solely within Wisconsin, in 1982 the company purchased franchising rights for an expanded territory that included designated areas of Michigan and Illinois.
As the company celebrated its 75th anniversary in 1986, sales reached a record $406 million, with healthy net earnings of $2.39 million.
Upon the project’s completion in 1987, the company’s Sheboygan office and distribution complex was approximately 400,000 square feet in area.
“Janesville Food Mart Closes to Reorganize,” Wisconsin State Journal July 10, 1992.
By the end of 1992, however, the majority of the labor grievances had been settled, and most workers retained their jobs, albeit at somewhat lower salaries than under corporate ownership.
In 1992 alone, stores in Milwaukee, Janesville, Muskego, Fond du Lac, and Ripon—all in Wisconsin—were sold, mostly to managers within the corporation.
“Piggly Wiggly Workers Get Raise,” Wisconsin State Journal, December 21, 1993.
Schultz began selling off its corporate-owned stores in 1993.
By the end of 1994 there were 20 corporate stores in the Schultz empire, and 65 franchised outlets.
Schultz got underway with its electronic card system in 1995, installing it in 11 of its stores.
1995:The Piggly Wiggly Preferred Club Card marketing program is implemented.
For 1995 the company’s sales again declined a bit, to $440 million.
Sales for 1996 increased 3.2 percent over the previous year--the first such increase since
1996 also brought the development of the internet segment of the company's multimedia "Shop the Pig" campaign, in the form of Schultz Sav-O's "Shop the Pig" site on the World Wide Web.
1997 sales also showed improvement, climbing 4.2 percent over the previous year.
In mid-1997 the company shut down its bottling operation, and production of the beverage line was outsourced to several other vendors.
1998:Company expands its franchise territory to include portions of Iowa and Minnesota, as well as more counties in Michigan, Illinois, and Wisconsin.
"Schultz Sav-O Stores, Inc. ." International Directory of Company Histories. . Encyclopedia.com. (June 22, 2022). https://www.encyclopedia.com/books/politics-and-business-magazines/schultz-sav-o-stores-inc-0
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