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Harris Teeter

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About Harris Teeter

Neither teetering nor tottering, Harris Teeter operates more than 200 supermarkets in North Carolina and seven other southeastern states and the District of Columbia. Most of the regional chain's grocery stores feature niceties such as sushi bars, gourmet delis, cafes, and wine departments; many also house pharmacies. Harris Teeter, which also has a – more... handful of distribution centers, is accelerating its growth in Maryland, northern Virginia, and the competitive Washington, D.C., market and nearby suburbs. Formed by the combination of Harris Super Markets and Teeter's Food Marts in 1960, Harris Teeter is owned by holding company Harris Teeter Supermarkets.

Change in Company Type

Harris Teeter Supermarkets (formerly Ruddick Corp.) reorganized in 2012 following the sale of Ruddick's industrial thread subsidiary, American & Efrid, in 2011. Now with the Harris Teeter supermarket chain its only business, Ruddick changed its name to Harris Teeter Supermarkets and its ticker symbol from RDK to HTSI in April 2012.

Geographic Reach

North Carolina, home to about two-thirds of Harris Teeter's stores, is the grocery chain's largest market, followed by Virginia and South Carolina, with 38 and 14 stores, respectively.

Operations

In addition to its grocery stores, Harris Teeter operates grocery, frozen food, and perishable distribution centers in Greensboro and Indian Trail, North Carolina, as well as the Hunter Farms milk and ice cream plant in High Point, North Carolina. The High Point plant supplies Harris Teeter stores with milk, yogurt, and ice cream.

Financial Performance

Harris Teeter's fiscal 2012 (ends September) sales increased 6% vs. the prior year, while net income fell by nearly 10% over the same period. The $4.5 billion in sales rung up at Harris Teeter supermarkets in fiscal 2012 was an all-time high for the company. Sales got a boost from higher sales at its existing stores (known as same-store sales) and sales from new stores, partially offset by store closings. Net income declined mainly because of increased expenses from expansion and higher operational costs, including labor, credit and debit card fees, rent and other occupancy costs.

Strategy

Harris Teeter is steadily growing its retail footprint. Its management believes that its strategy of opening additional stores within close proximity to existing stores, and any similar new additions in the future, has a strategic benefit of enabling the grocery chain to capture sales and expand market share as the markets it serves continue to grow. During fiscal 2012, Harris Teeter added five new stores, on top of 15 supermarkets added over the previous two years.

The upscale grocery chain is feeling the heat as competitors, such as Whole Foods and Earth Fare, expand in its markets and lure away the grocer's customers. On the low end, discounters Wal-Mart and Target are chipping away at its market as well. In response, Harris Teeter is continuing to broaden its lineup of organic and natural foods while touting value. (Harris Teeter sells about 830 natural and organic products. Earth Fare has 26,000.)

To better compete with its high-end rivals, Harris Teeter is opening stores under a new format and banner called 201Central. The new format features a international variety of wine, beer, specialty foods, and other selected merchandise.

Mergers and Acquisitions

In June 2012 the company acquired 10 supermarkets in the central Carolinas from rival Lowes Food Stores, which in turn purchased six Harris Teeter stores in western North Carolina.

Ownership

Investment firm Neuberger Berman Group owns about 12% of Harris Teeter's shares. – less

Harris Teeter Employer Reviews

Overnight Stocker (Current Employee), Ashburn, VAJune 28, 2014
Baker/Fresh Foods Clerk (Current Employee), Ashburn,VANovember 4, 2013
Scanning Coordinator (Current Employee), Ashburn, VAJune 4, 2013
Department Manager (Current Employee), Ashburn VAFebruary 7, 2013
Clerk/Front End (Former Employee), Ashburn, VAJune 16, 2012

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Working at Harris Teeter

  • I took a pre-employment drug test for Harris Teeter last Monday. I was told that the results would be back in 24-48 hours. Does anyone know how long it takes for Harris Tee...
  • It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Harris Teete...
  • Harris-Teeter – 1 reply
    I am interviewing with Harris-Teeter in about 1 month. I currently live in NJ and they are going to fly me down to N.C. for a face to face interview. I have had 2 phone i...
  • What are the average starting salaries, bonuses, benefits and travel requirements like at Harris Teeter? What do you like best about working at Harris Teeter? Are there a...
  • Every business has its own style. What is the office environment and culture like at Harris Teeter? Are people dressed in business casual, jeans and t-shirts, or full-on ...

Harris Teeter Salaries