Kroger Buys Rival Grocer Harris Teeter, Citing Potential for Growth

Kroger said Tuesday it is acquiring all 212 Harris Teeter Supermarket stores for $2.4 billion, but plans to keep management and operations the same. That's likely good news to the loyal customers of the chain's stores, which operate in eightKroger said Tuesday it is acquiring all 212 Harris Teeter Supermarket stores for $2.4 billion, but plans to keep management and operations the same. That's likely good news to the loyal customers of the chain's stores, which operate in eightKroger (KR) executives found a lot to like in Harris Teeter (HTSI): fairly new grocery stores, a first-class loyalty program, and zero unionized workers. But simple demographics likely trumped all those factors in Kroger's move Tuesday to offer $2.5Kroger, already the country's largest traditional supermarket operator, is expanding its reach in key southeastern and mid-Atlantic states

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