Ingles Markets Inc was incorporated in 1965 under the laws of the State of North Carolina. The Company is a supermarket chain in the Southeast United States, operates 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama. The Company locates its supermarkets in suburban areas, small towns and rural communities. The Company operates three one segment, which is retail grocery sales. Ingles supermarkets offer customers advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise, as well as quality private label items. In addition, the Company sells high-growth, high-margin products to its customers through the development of certified organic products, bakery departments and prepared foods including delicatessen sections. The Company operated 97 in-store pharmacies and 88 fuel centers. The Company also owns 19 undeveloped sites suitable for a free-standing store. The Company's owned real estate is generally located in the same geographic region as its supermarkets. The Company's main competitors are Aldi, Inc., Bi-Lo, LLC., Food City (K-VA-T Food Stores, Inc.), Food Lion (Delhaize America, Inc.), The Kroger Co., Publix Super Markets, Inc., Target Corporation, and Wal-Mart Stores, Inc. The Company is subject to regulation by a variety of governmental agencies, including, but not limited to, the U.S. Food and Drug Administration, the U.S. Department of Agriculture, the Occupational Health and Safety Administration and other federal, state and local agencies.
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