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Kroger to buy Harris Teeter

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Kroger, the largest supermarket chain in the country, is purchasing Matthews-based Harris Teeter, putting to rest months of speculation about the possible sale of Harris Teeter.

Kroger, which is based in Cincinnati, will purchase all outstanding shares of Harris Teeter in the $2.5 billion transaction that was announced this morning.

What does this mean for consumers?

Harris Teeter said it will continue to operate its 212 stores under its own name and maintain its headquarters in Matthews, Thomas W. Dickson, Chairman of the Board and Chief Executive Officer of Harris Teeter said in the release.

“Harris Teeter has a long track record of creating shareholder value and this merger is the culmination of those efforts over many years. We are excited about becoming part of The Kroger Co., one of the best food retailers in the U.S. while maintaining the Harris Teeter banner, our management teams, our new store growth plan, our distribution and manufacturing facilities in North Carolina as well as our headquarters in Matthews, NC.

"As part of Kroger, Harris Teeter will be well equipped to continue to provide our customers outstanding quality and customer service as well as excellent value in an increasingly competitive market.”

What this means for consumers, especially those who use coupons, is a big question mark.

Kroger's stores in the Triangle, which is part of Kroger's Mid-Atlantic region, stopped doubling coupons in May. In stark contrast, Harris Teeter offers every-day double coupons and aggressively offers special coupon events.

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HT-Kroger

I wouldn't give up on the super doubles or triples. If enough people contact Kroger to let them know how much those specials help them and/or their families, then that might make a difference. I'm writing my letter to Kroger now, we rely on the extra savings to help stock up on necessities and buy extra food when family is in town visiting. The specials help us stay on budget, even when we have to buy extra food. I would encourage everyone to write a letter saying why they want to keep the extra savings.

HT/Kroger

Lorrainemg This was/is a sad day for HT shoppers....and maybe the end of "the double coupon era"

For now, we should try and think positive and be thankful for what we have in our emergency stock, and just maybe "Kroger/Teeter will continue with "double coupon sales" Kroger is King , no two ways about it

Kroger purchase of HT

I don't think this is a good thing for consumers...no more super doubles or triples. Kroger has ceased double coupons. In they long run, they will probably do the same to HT.

All hail...

the new Kroger Teeter! ;)

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Last updated: Sunday, Oct. 6. | How to read this | View full page
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