Harris Teeter announced this week that it plans to open 15 stores in fiscal 2008, two of which will be replacement units, as well as remodel eight stores – all of which will result in a nine percent increase in the company’s total retail sales area, and a total capital expenditure budget of more than $200 million.
The retailer also said that it will be focusing continued attention on the Washington, DC, marketplace.
The retailer also said that it will be focusing continued attention on the Washington, DC, marketplace.
- KC's View:
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When most people talk about the DC market, the message seems to be clear and consistent – it is expected that Giant will continue to stagnate, no matter how much money it puts into revitalizing its store base there, and Safeway may find it difficult to make up much ground no matter how much trouble Giant has. The real sales growth in DC is expected to come from players like the Food Lion family of stores (including Bloom and Bottom Dollar), Wegmans, and Harris Teeter.
