Harris Teeter 1998 Annual Report Download - page 2

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Who We Are
Ruddick Corporation is a holding company which
operates two wholly owned subsidiaries. Its corpo-
rate and subsidiary offices are in or near Charlotte,
North Carolina.
Harris Teeter is a regional supermarket chain serv-
ing 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.
American & Efird is a leading manufacturer and dis-
tributor 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.
Our Mission
Ruddick Corporation’s goal is to provide long-term
financial value to its shareholders. To achieve this
goal, the Company focuses on its customers, its asso-
ciates and the communities in which it operates.
Meet customer needs. The Company’s Total
Quality Management philosophy is based on meet-
ing 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 asso-
ciates are shareholders through an employee stock
ownership plan. Ruddick’s associates currently own
25% 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 activities.