Harris Teeter Price Cuts May Be On The Way; New Stores Eyed For Baltimore Area

Think Harris Teeter’s prices are high? They're higher than you thought, Kroger Co.'s CFO says.

The Cincinnati-based grocery chain (NYSE:KR) acquired Harris Teeter for $2.5 billion at the end of January. And “the actual pricing at Harris Teeter, going into the time of the merger, was a little worse than the customer’s perception of the pricing,” J. Michael Schlotman, Kroger senior vice president and chief financial officer, said this week.

He made his comments in response to questions posed at the J.P. Morgan Consumer and Retail Conference in London.

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