The Charlotte, NC (Matthews) based grocer Harris Teeter operates approximately 175 supermarkets, mostly in North Carolina, but also in about a half dozen other southeastern states and the District of Columbia. Created by the combination of Harris Super Markets and Teeter’s Food Marts in 1960, Harris Teeter was acquired by Ruddick in 1969.
In a press release this past week Harris Teeter announced that their sales increased by 6.3% to $949.4 million in the second quarter of fiscal 2009, compared to sales of $893.1 million in the second quarter of fiscal 2008. For the 26 weeks ended March 29, 2009, sales rose 5.0% to $1.88 billion from $1.79 billion in the same period of fiscal 2008.
Private Brand penetration increased over the prior year quarter. Private Brand penetration for the second quarter of fiscal 2009 was 24.80%, an increase of 62 basis points over the prior year.
private label, store brand