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Harris Teeter/ Kroger Merger

On July 9th, 2013 Harris Teeter finally got an offer to buy their company. Their company needed to be bought out. Many people thought, hoped, or wanted Publix to make the offer. When Kroger offered to by the Matthews based store, many people were stunned. Kroger offered $2.5 billion. Harris Teeter accepted the offer. Kroger will close on the deal, at the end of this month. “The Harris Teeter brand is a chain of stores we’ve long admired. They bring a great focus on fresh product and prepared foods…” Kroger’s CFO, Michael Schlotman said to the Bloomberg Financial Network. Kroger hopes that they can put this into all of their chains. Harris Teeter will continued to keep its headquarters in Matthews, North Carolina and brand name. This month, Kroger will close on the offer. Harris Teeter operates around 212 stores in 7 states. This may be an opportunity for Middle Georgia and Macon. Harris Teeter is a grocery stores that is not like Publix or Kroger, or The Fresh Market or Whole Foods Market. Harris Teeter is a store that gets your grocery bill down to Publix or Kroger’s price, but to the Whole Foods quality. It will compete with Whole Foods in some areas, but also compete with Publix in areas like Charlotte. Like Belk, a department store headquartered in Monroe, NC, Harris Teeter is also very prominent in the North Carolina and mostly Charlotte market. Matthews is a suburb of Charlotte. Harris Teeter also has a program called, the Express Lane. You put your grocery list online, and pick up your items already gathered from inside the store, pay, and go. It is as easy as that. Harris Teeter could easily get in Macon by converting the Tom Hill Kroger to Harris Teeter and by building a Harris Teeter in the planned North Macon Village off Bass Road near the former Starcadia as well as on Zebulon Road in a new development. If Harris Teeter is successful, it might bring even Whole Foods to Macon. Again, the merger has not been finalized, but it will be later.

Kroger is the largest retailer just under the Walmart Company. Kroger operates 3,700 stores in 31 states under 24 different names.

Kroger is the largest retailer just under the Walmart Company. Kroger operates 3,700 stores in 31 states under 24 different names.

Harris Teeter is a Matthews (NC) based company and operates 212 stores in the US. It was formed by the merging of Harris Supermarket and Teeter Store.

Harris Teeter is a Matthews (NC) based company and operates 212 stores in the US. It was formed by the merging of Harris Supermarket and Teeter Store.

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