Harris Teeter Slows New-Store Growth Pace for 2011

MATTHEWS, N.C. Harris Teeter said it planned to open eight new stores in fiscal 2011, vs. 13 new stores in fiscal 2010, reflecting the difficult economic environment. The decrease in planned new store openings from fiscal 2010 to fiscal 2011 reflects the company's efforts, as previously disclosed, to delay new store openings during these challenging economic times, the chain's parent company, Ruddick

MATTHEWS, N.C. — Harris Teeter said it planned to open eight new stores in fiscal 2011, vs. 13 new stores in fiscal 2010, reflecting the difficult economic environment.

“The decrease in planned new store openings from fiscal 2010 to fiscal 2011 reflects the company's efforts, as previously disclosed, to delay new store openings during these challenging economic times,” the chain's parent company, Ruddick Corp., said in a prepared release announcing year-end financial results.

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