Weekly Ad Circulars: Harris Teeter Weekly Ad Weekly Circular
Harris Teeter is a chain of supermarkets based in Matthews, North Carolina, just outside Charlotte. As of April 2013, the chain operates 212 stores in eight Southern states: North Carolina, South Carolina, Virginia, Georgia, Tennessee, Florida, Maryland, Delaware, and the District of Columbia. Harris Teeter is a wholly owned subsidiary of the Charlotte-based Harris Teeter Supermarkets, Inc.
In June 2012, Harris Teeter announced its closure of six locations outside the Charlotte core, and its purchase of ten Lowes Foods stores in the Charlotte region. In turn, Lowes Foods would take the six Harris Teeter locations that are closing and be compensated $26.5 million.
Harris Teeter cited this decision was based on focusing their stores on larger, urbanized and more upscale areas rather than rural, middle-market areas. In turn, Lowes Foods stated that their core is shifting to the western part of North Carolina, and away from Charlotte. However, industry analysts speculate that these changes are happening due to the impending expansion of Publix into the Charlotte market.
A new upscale grocery store, called 201central owned by Harris Teeter will open two locations in two former Charlotte Lowes Foods locations in Huntersville, North Carolina and Wesley Chapel, North Carolina. This announcement came shortly after upscale brand, Whole Foods Market opened its first Charlotte store in late summer 2012 and before Publix announced its expansion into the Charlotte region.
If you are interested in knowing more about the company, its statements, products, and special offers or discounts, please visit www.HarrisTeeter.com.
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