Ingles
- This article is about an American supermarket chain. For the town in Gran Canaria, see Playa del Inglés.
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| Type | Public |
|---|---|
| Traded as | NASDAQ: IMKTA |
| Industry | Retail - Grocery |
| Founded | 1963 |
| Headquarters | Black Mountain, North Carolina, United States |
| Number of locations | 201 |
| Area served | Alabama, Georgia, North Carolina, South Carolina, Tennessee, Virginia |
| Key people | Robert P. Ingle II (CEO), James W. Lanning (President) |
| Products | Laura Lynn[1] (private label) |
| Services | Real estate, dairy and beverage processing[2] |
| Revenue | $3.39 billion (2010)[2] |
| Net income | $31.7 million (2010)[2] |
| Employees | 16,100 (2006)[citation needed] |
| Subsidiaries | Milkco, Inc. |
| Website | ingles-markets.com |
Ingles Markets is an American regional supermarket chain based in Asheville, North Carolina. As of January 2011, The company operates 201 supermarkets in the Southeastern United States. The company, although listed on the NASDAQ, is family-controlled, with 86% of the voting power and nearly half of the shares owned by the Ingles family.[2]
As an adjunct to its supermarket business, Ingles owns and operates shopping centers and a milk processing and packaging plant.[2]
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[edit] Locations
Ingles operates 201 stores in six states:[2]
- Alabama: 1
- Georgia: 72
- North Carolina: 68
- South Carolina: 37
- Tennessee: 21
- Virginia: 2
All of Ingles' stores are located within 280 miles (450 km) of its warehouse located in Black Mountain, North Carolina.[2]
[edit] History
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Ingles began in 1963 when Robert "Bob" Ingle opened its first location in Asheville, North Carolina. Ingles was following in his father's footsteps, who had been in the grocery business until 1956.[1] In 1982, Ingles purchased a milk processing and packaging plant from Sealtest, which it operates as Milkco Inc., a wholly owned subsidiary.[3] Two-thirds of Milkco's business, which was later expanded beyond dairy to include products such as citrus, tea, and bottled water, is from food service distributors, grocery warehouses, and independent specialty retailers located in 17 states as of 2010.[2] Ingles became a publicly traded company in 1987.[2]
In the 2000s, the chain started building "Ingles Gas Express" gas stations with many of its newer stores.[citation needed]
Following the death of Robert Ingle on March 6, 2011,[4] his son Robert P. Ingle II became CEO.[5]
[edit] References
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This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2011) |
- ^ a b "All About Ingles". Ingles Markets. http://www.ingles-markets.com/all_about_ingles/. Retrieved 2011-03-11.
- ^ a b c d e f g h i "Ingles Markets: What Makes It Something Special?". Seeking Alpha. http://seekingalpha.com/article/245889-ingles-markets-what-makes-it-something-special. Retrieved 2011-03-11.
- ^ "All About Ingles: Milkco Inc.". Ingles Markets. http://www.ingles-markets.com/all_about_ingles/milkco.php. Retrieved 2011-03-11.
- ^ Motsinger, Carol (6 March 2011). "Bob Ingle, founder of Asheville-based Ingles grocery chain, dies". Asheville Citizen-Times. http://www.citizen-times.com/article/20110306/NEWS01/303060082/Bob-Ingle-founder-Ingles-grocery-chain-dies?odyssey=mod%7Cbreaking. Retrieved 2011-03-06.
- ^ "Robert P. Ingle, Founder of Ingles Markets, Incorporated Dies at Age 77". Press release. Ingles Markets. March 7, 2011. http://www.ingles-markets.com/press_releases/press_releases_03_07_2011.php. Retrieved 2011-03-11.
[edit] External links
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