Regional supermarket chain Harris Teeter recently reported favorable second quarter financials, where it saw sales improve by 4.3% and profits rise by 8.7%. Although the company stated that the numbers were assisted by the shift of some Easter holiday sales to the second quarter from the third quarter a year ago, comparable-store sales increased 3.7%
In June 2012, Harris Teeter acquired 10 Lowes Foods supermarkets in the central Carolina region in exchange for six Harris Teeter locations in Western North Carolina and an additional $26.5 million. The store swap helped the company strengthen its position as the number #1 supermarket operate in the Charlotte metro core-based statistical area (CBSA).
CHARLOTTE-GASTONIA-ROCK HILL, NC-SC*
Counties: ANSON, CABARRUS, GASTON, MECKLENBURG, UNION – NC; YORK – SC
| Company |
Current Area Stores |
Current Market Share |
Previous Area Stores |
Previous Market Share |
| Harris Teeter Inc.: MATTHEWS, NC |
56 |
23.70% |
48 |
21.10% |
| Walmart Stores Inc.: BENTONVILLE, AR |
23 |
20.40% |
23 |
21.50% |
| Food Lion LLC: SALISBURY, NC |
80 |
17.40% |
80 |
17.70% |
| BI-LO LLC: GREENVILLE, SC |
27 |
7.70% |
27 |
7.70% |
| Sam’s Club: BENTONVILLE, AR |
5 |
5.60% |
5 |
5.80% |
| Costco Wholesale Corp.: ISSAQUAH, WA |
2 |
4.00% |
2 |
4.20% |
| Aldi Inc.: BATAVIA, IL |
17 |
2.10% |
16 |
2.00% |
| Target Corporation: MINNEAPOLIS, MN |
14 |
1.90% |
3 |
1.30% |
| BJ’s Wholesale Club Inc.: WESTBOROUGH, MA |
2 |
1.70% |
2 |
1.80% |
| Trader Joe’s Co.: MONROVIA, CA |
3 |
1.60% |
3 |
1.50% |
| Dollar General Corp.: GOODLETTSVILLE, TN |
60 |
1.30% |
57 |
1.30% |
| Lowes Foods Inc.: WINSTON SALEM, NC |
5 |
1.20% |
12 |
3.00% |
| Family Dollar Stores Inc.: MATTHEWS, NC |
75 |
1.20% |
73 |
1.30% |
| Compare Foods: HEWLETT, NY |
8 |
0.90% |
9 |
1.00% |
| Ingles Markets Inc.: BLACK MOUNTAIN, NC |
2 |
0.70% |
2 |
0.70% |
| Whole Foods Market Inc.: AUSTIN, TX |
1 |
0.70% |
N/A |
N/A |
| SUPERVALU Inc.: EDEN PRAIRIE, MN |
3 |
0.60% |
2 |
0.50% |
| The Fresh Market Inc.: GREENSBORO, NC |
3 |
0.60% |
3 |
0.60% |
| Earth Fare Healthy Supermarkets: FLETCHER, NC |
4 |
0.60% |
4 |
0.60% |
| Publix Super Markets Inc.: LAKELAND, FL |
1 |
0.50% |
N/A |
N/A |
| Healthy Home Market: CHARLOTTE, NC |
4 |
0.40% |
4 |
0.40% |
| Saver Group Inc.: CAMPBELLSVILLE, KY |
2 |
0.40% |
3 |
0.60% |
| Other operations |
151 |
4.80% |
162 |
5.20% |
*Source: 2013 Chain Store Guide Grocery Industry Market Share Report
Based in Mathews, NC Harris Teeter currently operates 211 stores and generated $4.535 billion in fiscal 2012.
