Ingles Markets
Data: North America
- Location: Asheville, N.C.
- Top Executive: Robert P. Ingle II, chairman
- Corporate Stores: 197
- Sales in $ Billions: 2.9
- Date FY Ended: 9/29/07
- Website: www.ingles-markets.com
Recent articles on Ingles Markets
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Ingles Expands C-Store Banner to Tennessee
Ingles Markets is preparing to expand its iMarket convenience store concept outside its home state for the first time in October when it opens an outlet of the 1,800-square-foot banner in Farragut, Tenn., according to reports.
Ingles Posts Double-Digit Gains
Ingles Markets said a decrease in restaurant dining helped drive sales gains of 13.1% in its fiscal third quarter. Comparable-store sales rose 7.1% when adjusted for the early Easter this year and excluding gasoline, which was a large contributor to total sales gains at the 196-store chain. Ingles added 10 fuel centers since last year and saw a 28% increase in gallons sold, while
Ingles Posts 13.1% Gain in Quarterly Sales
Ingles Markets on Friday posted double-digit gains in sales for its third fiscal quarter, and earnings also increased when adjusted for one-time gains in the year-ago period.
GIFTABLES
Gift cards have hit critical mass and are now an important revenue stream for supermarkets. Cincinnati-based Kroger demonstrated this earlier this year when it offered a 10% bonus to shoppers who converted their economic stimulus checks or tax refunds into Kroger gift cards. One analyst said in a research note that Kroger stood to add 1% to 3% in same-store sales in the second quarter through its
Stocks Languish Amid Investor Concerns
When it came to trading down, investors followed consumers in the first half of 2008. In a dismal six-month span that saw both the Dow Jones Industrial Average and the S&P 500 Index decline at a double-digit pace, only a handful of food retailing stocks tracked by SN managed to eke out gains. At one end, low-price leader Wal-Mart Stores, Bentonville, Ark., led all gainers, reflecting both its positioning
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