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Kroger buys Harris Teeter

Posted: July 9th, 2013, 10:43 am
by Sly Fox
I'm not sure if Harris Teeter is still in Lynchburg or not. But Kroger just paid cash for all of their stores ...
Forbes wrote:Watch Out Wal-Mart? Kroger Buys Harris Teeter For $2.4 Billion Cash, Adding 212 Stores In Rich College Towns

Clare O'Connor, Forbes Staff
RETAIL | 7/09/2013 @ 8:34AM


Kroger KR +2.74%, the nation’s largest grocery chain, just added 212 stores in eight states to its arsenal with an all-cash purchase of regional supermarket Harris HRS +1.11% Teeter in a deal valued at $2.44 billion.

The merger will see Kroger, an historically Midwestern outfit, gain further foothold in Southern and Mid-Atlantic areas described “high-growth markets, vacation destinations and university communities.”
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Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 11:23 am
by jbock13
I couldn't even tell you where the nearest Harris Teeter is. I didn't even know they existed anymore.

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 11:51 am
by NotAJerry
Ugh. Harris Teeter is my favorite grocery store below the high end stores like Whole Foods. I've never liked Kroger at all. Hopefully they don't screw up a good thing.

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 1:14 pm
by BJWilliams
We have a bunch of Harris Teeter stores back home. My mom goes there about as often as she goes to Kroger or Wal-Mart

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 1:16 pm
by flamesfilmguy
my fiance is going to be a pharmacist with Kroger once she graduates. This is good. I approve.

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 6:16 pm
by Purple Haize
flamesfilmguy wrote:my fiance is going to be a pharmacist with Kroger once she graduates. This is good. I approve.
So you married for money? Good for YOU!

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 10:13 pm
by alabama24
Purple Haize wrote:
flamesfilmguy wrote:my fiance is going to be a pharmacist with Kroger once she graduates. This is good. I approve.
So you married for money? Good for YOU!
No Haize, it's for the drugs.

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 10:44 pm
by Purple Haize
alabama24 wrote:
Purple Haize wrote:
flamesfilmguy wrote:my fiance is going to be a pharmacist with Kroger once she graduates. This is good. I approve.
So you married for money? Good for YOU!
No Haize, it's for the drugs.
Double Good!

Re: Kroger buys Harris Teeter

Posted: July 9th, 2013, 10:52 pm
by lynchburgwildcats
Purple Haize wrote:
alabama24 wrote:
Purple Haize wrote: So you married for money? Good for YOU!
No Haize, it's for the drugs.
Double Good!
And he can get extra drugs and sell that for money too. The triple threat!

Re: Kroger buys Harris Teeter

Posted: July 10th, 2013, 8:04 am
by LUminary
There are a lot of Harris Teeter stores here in NC. In fact, I believe Harris Teeter took over all the Kroger stores in NC and Kroger took over the Harris Teeters in Virginia in some sort of trade off about 15 years ago. I always liked Kroger, and Harris Teeter as well, although we generally shop at Lowes. Hope Kroger still does the triple-coupon thing.

Re: Kroger buys Harris Teeter

Posted: July 10th, 2013, 9:42 am
by flamesfilmguy
Purple Haize wrote:
flamesfilmguy wrote:my fiance is going to be a pharmacist with Kroger once she graduates. This is good. I approve.
So you married for money? Good for YOU!
HAHA I work in college athletics. Needless to say I out kicked my coverage and She's definitely going to be making the money. its funny she asked me if that bothered me one day and I laughed. not a chance.

Re: Kroger buys Harris Teeter

Posted: July 10th, 2013, 11:50 am
by alabama24
LUminary wrote:Hope Kroger still does the triple-coupon thing.
Nope. Just quit. In fact, their new slogans, ads & branding are Wal*Mart-ish.