CHARLOTTE, N.C. — Harris Teeter is feeling the chill of the slowing economy. Shoppers made fewer discretionary purchases and traded down to lower-priced store-brand items, leading to a 2.1% decline in comparable-store sales during the fiscal first quarter, which ended Dec. 28, the retailer said last week. “We, like everyone else, are facing unprecedented economic uncertainty, tumultuous market conditions, and a decreasing level of consumer confidence, resulting in reduced consumer ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.