Lowes Foods to Enter Charlotte Market

Nov 11, 2002
George Anderson

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–

  1. What are your thoughts on Lowes Foods’ competition
    with Harris Teeter?

  2. What does the grocery retail landscape look like in
    the various North Carolina markets? [George
    Anderson – Moderator

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1 Comment on "Lowes Foods to Enter Charlotte Market"

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Martha Stewart
Martha Stewart
16 years 21 days ago

I think that Harris Teeter and Lowes Food will have a heated competition in the Charlotte market. The upper class portions of the Charlotte market are dominated by HT, and the middle and lower class by Food Lion. Wal-Mart seems to serve all classes. Bi-Lo and Winn-Dixie aren’t major enough players. Lowes Foods coming to town should be interesting in that they aren’t *as* upscale as HT, however they do have clean stores and friendly services at moderate prices, which should do well in Charlotte.