Harris Teeter 1997 Annual Report Download - page 2

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Ruddick Corporation is a holding company which operates
two wholly-owned subsidiaries. Its corporate and sub-
sidiary offices are in or near Charlotte, North Carolina.
American & Efird is a leading manufacturer and distributor
of sewing thread for worldwide industrial and consumer
markets. Manufacturers of apparel, automotive materials,
home furnishings, medical supplies and footwear rely on
A&E industrial sewing thread to manufacture their products.
Total sales $368,877,000
Associates 3,600
Date founded 1891
Location Number of facilities
United States
Dyeing or finishing North Carolina 6
Spinning North Carolina 7
Distribution centers Various states and 20
Puerto Rico
International
Dyeing or finishing Canada, Costa Rica, 8
and distribution Dominican Republic,
England, Hong Kong,
Korea and Malaysia
Spinning China 1
Distribution centers Belgium, Canada, 12
Guatemala, Honduras,
Ireland, Korea and
Mexico
Harris Teeter is a regional supermarket chain serving an
expanding market in the southeastern United States. The
company built its reputation on providing clean stores,
superior customer service, the highest quality perishables
and an extensive selection of products at competitive prices.
Total sales $1,931,212,000
Associates 16,100
Date founded 1960
Number of stores 138
Total square footage 5,254,457
Per Store
Average square footage 38,076
Average weekly sales $273,000
Location Number of stores
Stores Georgia 7
North Carolina 93
South Carolina 22
Tennessee 2
Virginia 14
Distribution centers Indian Trail, NC
Greensboro, NC
Hunter Farms dairy Charlotte, NC
High Point, NC
Ruddick Corporation’s goal is to provide long-term
financial value to its shareholders. To achieve this goal, the
Company focuses on its customers, associates and the com-
munities in which it operates.
Meet customer needs. The Company’s Total Quality
Management philosophy is based on meeting or exceeding
the quality, service and value needs of its customers.
Provide for employee ownership. The Company’s associates
are dedicated to the customer and motivated by a stake in the
bottom line. Eligible associates are shareholders through an
employee stock ownership plan. Ruddick’s associates
currently own 27% of the Company’s stock and know that
the long-term value of their investment is directly related to
the financial performance of the Company.
Contribute to the community. Ruddick Corporation believes
it is vital to give back to the communities in which it operates
and is involved in a wide variety of community activities.
Business Description
Mission
Ruddick
RUDDICK CORPORATION
AND SUBSIDIARIES