Does Kroger own Harris Teeter? (2023)

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Gone are the days when people hunted or grew their food; now, only a tiny percentage of the population does so. We all buy from them, not directly from the growers, but from stores. There are now numerous such businesses all over the world. There are now many such businesses worldwide, some small, some large, some local, and some global. Another such company is Kroger, and a more local one is Harris Teeter. Kroger has acquired several stores across the U.S., boosting its presence and profits. Because of this, many people wonder whether Kroger owns Harris Teeter. If you’d like to find out, keep reading!

Does Kroger own Harris Teeter?

Yes! On July 9, 2013, it was officially announced that the Kroger company would acquire the Harris Teeter supermarket chain. The merger was completed on January 28, 2014. Even though Harris Teeter is now a wholly-owned subsidiary of Kroger, it continues to operate under its name. It has its headquarters in Matthews, North Carolina.¬†The deal was completed for USD 2.5 billion, with Kroger assuming Harris Teeters’ debt of approximately $100 million and purchasing all outstanding shares. Kroger was allowed to enter Asheville and return to Charlotte due to this merger.

What is the relationship between Kroger and Harris Teeter?

Harris Teeter is a division of the supermarket conglomerate Kroger. This acquisition was announced in 2013 when the Cincinnati-based Kroger supermarket expanded its chain by acquiring Harris Teeter. 

What motivated Kroger’s purchase of Harris Teeter?

With new retailers entering the market, competition in the grocery industry has increased. Kroger’s main competitors, such as Target and Walmart, opened grocery sections to meet customer demand. Some dollar stores have food aisles. To remain competitive, grocery stores have been consolidating. Furthermore, the Kroger CEO stated that the 2014 acquisition occurred because the company anticipated Amazon.com entering the competitive grocery store business. This move was predicted long before Amazon purchased Whole Foods in 2017. As a result, Kroger acquired Harris Teeter to compete effectively in the market with other supermarket chains and retail brands.

Do the Harris Teeter stores have excellent locations? 

Yes! Despite having more than 200 locations, Harris Teeter’s locations are convenient. Harris Teeter locations included university towns, vacation spots, and markets with a rapidly growing population.¬†Furthermore, these locations were where Kroger was losing ground to Walmart and Food Lion. Hence, Harris Teeter provided an opportunity to increase its market share. Harris Teeter has locations primarily in the Southeast, making it a Southern treasure. This allows Kroger to serve customers in Florida, North Carolina, South Carolina, Virginia, Maryland, Delaware, and Georgia.

Did Harris Teeter turn out to be a good purchase for Kroger?

Yes! Although Kroger had to assume the $100 million debt as part of the acquisition, Harris Teeter was still profitable. By the time it was acquired, the retailer’s sales had increased yearly for the previous decade, with revenue reaching around $4.5 billion in 2012.

What other brands are owned by Kroger?

Kroger is a New York Stock Exchange-listed company with operations in 35 states across the United States. Kroger has acquired and merged with several other stores over the years, in addition to Harris Teeter, including the following:

  • Mr. Fred Meyer
  • Fry’s 
  • Ralphs
  • The King Scoopers
  • Baker’s 
  • Dillion Companies 
  • Smith’s 
  • Food 4 Less

How many grocery retail stores are working under Kroger?

Currently, approximately 2,800 grocery retail stores in various states in the United States operate under the Kroger name. Due to its size, Kroger competes with other stores that stock the same products and have a significant presence across the United States, such as Walmart.

Can you use your Kroger card at Harris Teeter?

Customers’ Kroger gift cards are not accepted at Harris Teeter. Although it is a subsidiary, the two continue to operate independently in some ways. As a result, the gift cards can only be used at the respective chains.

Can Harris Teeter’s items be returned to Kroger?

Yes! You can return items purchased at Harris Teeter or any of Kroger’s family of store chains because Kroger owns Harris Teeter. Kroger’s return policy states that the company accepts returned products purchased from any of its family stores as long as they are returned within 30 days.

Conclusion!

Kroger bought Harris Teeter for $2.5 billion in 2013. While Harris Teeter became a subsidiary of Kroger, it maintained its brand identity. This move expanded Kroger’s reach, making it one of the largest retailers in the United States, operating in 35 states. If you purchased items from any Harris Teeter location, you could return them to Kroger for a refund or exchange, though some items are not returnable.

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