The facility includes the company’s headquarters and its warehouse and distribution facility. The company owns a 1,649,000 square foot facility, which is strategically located between Interstate 40 and Highway 70 near Asheville, North Carolina, as well as the 119 acres of land on which it is situated. The close proximity of the company’s purchasing and distribution operations to its stores facilitates the timely distribution of consistently high quality perishable and non-perishable items. The remaining 38% is purchased from third parties and is generally delivered directly to the stores. These facilities supply the company’s supermarkets with approximately 62% of the goods the company sells. The Company operates 1.65 million square feet of warehouse and distribution facilities. Substantially all of Ingles' stores are located within 280 miles (450 km) of its warehouse and distribution facilities, near Asheville, North Carolina. The Sav-Mor store concept accommodates smaller shopping areas and carries dry groceries, dairy, fresh meat and produce, all of which are displayed in a modern, readily accessible environment. Ingles also owns and operates nine supermarkets under the name Sav-Mor, with the other 189 locations being Ingles Markets. As of 2021, Ingles had a workforce of approximately 26,000 associates. Ingles also operates 111 pharmacies and 107 gas stations at select retail locations. Real estate owned by the Company is generally located in the same geographic regions as its supermarkets. The company owns numerous outparcels and other acreage located adjacent to the shopping centers and supermarkets it owns. The company also owns 23 undeveloped sites which are suitable for a free-standing store or shopping center development. The remaining 36 locations are leased from various unaffiliated third parties. Ingles owns 163 of its 198 supermarkets either as free-standing locations or in shopping centers where it is the anchor tenant. In July 2021, Ingles has collaborated with Creating A Family. Nicholas Project on what they called "Ingles Toy Store," offering "toys, games, clothes and stocking stuffers" to needy North Carolina families.
In December 2012 and December 2013, the company collaborated with Eblen Charities' St.
įollowing the death of Robert Ingle on March 6, 2011, his son Robert P. A settlement was reached with the SEC in April 2006 that did not require payment of a monetary penalty. Securities and Exchange Commission (SEC) issuing a Wells notice to the firm in January 2006, indicating that it might bring enforcement action against it. The restatement was a significant factor in In February 2005, Ingles Markets announced it would restate financial statements for fiscal years 20 and the first three quarters of 2004, to correct the accounting for vendor allowances and certain other items. In the 2000s, the chain started building "Ingles Gas Express" gas stations with many of its newer stores. Ingles became a publicly traded company in 1987. 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. In 1982, Ingles purchased a milk processing plant from Sealtest, which it operates as Milkco Inc., a wholly owned subsidiary. In 1967 the company bought six Colonial supermarkets. Ingles was incorporated in 1965 in the state of North Carolina. In one year, that store was expanded, and in another year, a second location opened on Patton Avenue. The first store opened on Hendersonville Road. To start his business, Ingle joined with his mother and sister, and they used all of their savings and a mortgage on the house. He would have to compete with larger chains and with independent stores that used cooperative distributors. Seven years later at age 29 Ingle decided to build a new 10,000-square-foot store. When Elmer Ingle died in the 1950s, Robert Ingle sold the store because his mother could not run it. The younger Ingle had a vision of 4000 square feet. Ingle had worked in his father's store since he was five years old and was unable to convince his father to build a large store. Ingle in 1963 and located in Asheville, North Carolina. The first Ingles store was opened by second-generation grocer Robert P. Īs an adjunct to its supermarket business, Ingles owns and operates shopping centers, gas stations and a milk processing plant. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading. As of September 2021, the company operates 198 supermarkets in the Southeastern United States. (stylized as ingles) is an American supermarket chain based in Black Mountain, North Carolina.
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