e-News
|
|
Harris-Teeter reports 8.5 percent sales increase for Q1, fiscal 2012 |
02.03.2012
|
Supermarket chain Harris Teeter has reported that, for the first quarter of fiscal 2012 ended January 1, 2012, sales increased by 8.5% to $1.12 billion, from $1.03 billion in the first quarter of fiscal 2011.
The increase in sales was driven by an increase in comparable store sales of 5.33 percent and sales from new stores, partially offset by store closings. During the period Harris Teeter opened three new stores and closed one.
STORY CONTINUES BELOWAdvertisement
Since the end of the first quarter of fiscal 2011, Harris Teeter has opened seven new stores, one replacement store and closed three stores, for a net addition of five stores. Harris Teeter operated 206 stores as of the end of the first quarter of fiscal 2012.
|
|
|
