Lowes Foods to Enter Charlotte Market
By George Anderson
The Charlotte Business Journal reports that Lowes Foods is getting set to enter the Charlotte, NC market and local developers see the supermarket operator opening up to 12 stores in the area.
Lowes Foods operates approximately 100 stores in North Carolina and Virginia.
George Maloomian, president of Cambridge Properties, says Harris Teeter is most likely to feel the affects of Lowes’ entry into the Charlotte market, “They are moving directly into the heart of Harris Teeter territory. The quality of the store and the operation is close to a Harris Teeter, which I would characterize as the top-end grocer in the Charlotte metro area.”
Moderator’s Comment: Two Questions–
- What are your thoughts on Lowes Foods’ competition
with Harris Teeter?
- What does the grocery retail landscape look like in
the various North Carolina markets? [George
Anderson – Moderator]