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WRAL SmartShopper

Harris Teeter purchasing 7 Piggly Wiggly stores in SC

Posted September 14, 2013

Harris Teeter has announced that it is buying 7 Piggly Wiggly stores in South Carolina.  Here is the press release with all the details:

Harris Teeter Supermarkets, Inc. (NYSE:HTSI) (the “Company”) announced today that its operating subsidiary, Harris Teeter, Inc. (“Harris Teeter”), has entered into an agreement with Greenbax Enterprises, Inc. (“Piggly Wiggly”) to purchase six Piggly Wiggly store locations and one future store location in the Charleston, S.C. area.

The Piggly Wiggly stores that Harris Teeter will acquire include three stores in Charleston, S.C. located at 1739 Maybank Highway, 1985 Folly Road and 1005 Harbor View Road; two stores in Mount Pleasant, S.C. located at 1220 Ben Sawyer Boulevard and 1981 Riviera Drive; the Newton Farms location on Kiawah Island, S.C.; and one store location under construction in Isle of Palms, S.C. located at 1513 Palm Boulevard.

The transaction is expected to be completed in October 2013. Harris Teeter plans to close the acquired stores for three to four days for stocking and training of employees. The pharmacies at the acquired stores will remain open throughout the transition.

Thomas W. Dickson, Chairman of the Board, and Chief Executive Officer, commented that, “Piggly Wiggly has a long tradition of operating customer-friendly stores in Charleston. These store locations and the dedicated associates who work in them make this an especially attractive transaction for Harris Teeter. We plan to remodel and expand a number of these locations to create brand new Harris Teeter stores to serve our customers. Charleston is a growing and vibrant market, and we look forward to continuing to expand our presence in the region."

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  • TJ84 Sep 14, 2013

    Has the sale with Kroger actually been finalized or has a date been given when it will be finalized? Just seems to me that if the sale between Harris Teeter and Kroger hasn't yet happened that Harris Teeter would wait until that sale is finalized before buying Piggly Wiggly. For both accounting and legal reasons that would make more sense to me. Just my thoughts.

  • Inside The Beltline Sep 14, 2013

    I have family in Charleston and I agree with Blues Man Z. Harris Teeter already has a presence in the Charleston area, and some very nice stores. They are just buying 7 of the Piggly Wiggly's to expand their presence in the area. No conspiracy. Kroger is buying HT, yes, but HT is still going to operate under their own brand, as before. Like everything else in the world, one brand owned by another, owned by another. No conspiracy, just an increase in market share where they are already doing business.

  • ctya Sep 14, 2013

    Blues Man Z no one said anything about a conspiracy. It seems you got this thing all figured out. o_0 HA! I do find it interesting that HT is being purchased by Kroger only to purchase another supermarket chain even if it's only 7 stores.

  • Blues Man Z Sep 14, 2013

    Nothing strange about this at all. Harris Teeter will operate business as usual, just under new ownership. There is really nothing interesting and no conspiracy here folks.

  • luvstoQ Sep 14, 2013

    Yes, I'm wondering the same. If HT is still being bought by Kroger, how can they purchase more stores in the middle of a buy-out transaction? Interesting!

  • ctya Sep 14, 2013

    How this is interesting. Kroger buys Harris Teeter and now they buy Piggy Wiggly. Hmmmm what's really going?