CHARLOTTE, N.C. — Harris Teeter here has seemingly been immune to the margin-squeezing suffered by Kroger, Safeway and Supervalu in recent months. The supermarket chain, a division of Ruddick Corp., also based here, posted sharp gains in profits in the third quarter, propelled by comparable-store sales gains of 5.33%. “I think Harris Teeter's price points are where they need to be, whereas some chains may have their pricing too high,” Karen Short, an analyst with FBR Research, told SN. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.