WRAL SmartShopper

WRAL SmartShopper

Possible buyer for Harris Teeter stores?

Posted June 27, 2013


It appears that Harris Teeter may have an interested buyer: Cerberus Capital Management. This is the same group that has already acquired multiple grocery chains this year including additional Albertsons locations, Jewel-Osco, Acme, Shaw’s and Star Market. What will this mean for Harris Teeter shoppers if the deal goes through? It could mean no more reward cards.

According to an article on couponsinthenews.com,  Cerberus has made a bid for Harris Teeter but no other details are available at this time.  During their recent acquisitions of other grocers, Cerberus has been getting rid of loyalty cards and lowering prices to make up for the reward savings shoppers previously received.  The article goes on to indicate that because Harris Teeter is a higher end store than many of their other chains, there is no telling what Cerberus would do if they did buy the company.

We will just have to wait and see what happens. In the meantime. I suggest using up your rainchecks (as others suggested on the blog today) and taking advantage of the great Super Doubles deals while we still can!


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  • cocker_mom Jul 1, 2013

    Cerberus / most private equity firms are not experts in the business they buy. they employ financial analysts and business development folks whose only job it is, is to make the company more attractive to the next buyer. Don't hold your breath for anything good to come from a private equity buyer. It would be a very sad day for me.
    (Look how poorly Cerberus managed Chrysler....)

  • jeffdewitt Jun 30, 2013

    I'm all in favor of doing away with those blasted "loyalty cards". They don't save any money, the stores just raise prices on other items to make up for the "savings" on the card items and the cost of running the program is added to the price of the groceries. The only thing they really do is let the store track what we buy.

    Personally if HT is going to sell out I'd really like to see them bought out by Wegmans, they are very nice stores and similar to HT.

  • jdouglas13 Jun 28, 2013

    I really really hope that sale does not go through! The Albertsons and Star Markets I've been to are both dumps, with Shaw's only slightly better. Merchandise quality is awful. Very bad news for us. :(

  • Dukefan1 Jun 28, 2013

    This does not make me happy! Why would a grocery chain sell when they are doing so well? It makes no sense.

  • Faye Prosser - Smart Shopper Jun 27, 2013

    Thanks to all for your comments. Guess we will just have to wait and see what HT and Cerberus decide to do.

  • dakkc97 Jun 27, 2013

    Albertsons was awful and was closing stores left and right in Florida. I'd hate to see Teeter follow that!

  • Wet Pussy Jun 27, 2013

    I asked the assistant manager at Cameron Village and he just smiled and said to me, "They said the same thing about Publix, too." I would hate to see HT go away.

  • computer trainer Jun 27, 2013

    NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I love my HT!!!!!!!!!!!!!!

  • luvstoQ Jun 27, 2013

    bgrmom, I have to disagree. I save plenty with my HT card, online zavers, sales, + coupons. It takes a little planning and figuring, but I save soooo much!
    Does anyone know when the HT at Hwy. 50 & Creedmoor Rd. opens? Sure looks like it shouldn't be too long.

  • bgrmom Jun 27, 2013

    Personally, I wish all of the stores would get rid of the loyalty cards. Go back to the weekly sales and lowering prices. I despise having to carry around more than a handful of cards just to make sure I get the advertised sale price. It's all about tracking who is buying what. In the long run, we aren't really saving anything with these stupid cards.