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Ingles Markets swings to profit in Q3
Asheville, N.C. – Ingles Markets Inc. swung to a profit of $13.83 million in the third quarter of fiscal 2014 from a net loss of $14.42 million in the third quarter of the prior fiscal year. The elimination of debt refinancing costs from the previous fiscal year helped push Ingles Markets into the black.
Net sales rose 5% to $978.26 million from $934.01 million. Same-store sales increased 2.1%, benefiting from an Easter shift to the third quarter of fiscal 2014 from the second quarter of the previous fiscal year. -
Study: ESL market to grow at 18% CAGR
Dallas – The global Electronic Shelf Labels (ESL) market is expected to grow at a compound annual growth rate (CAGR) of 18.03% during the period 2013-2018. According to a new report from Sandler Research, one of the key factors contributing to this market growth is the reduction in labor costs.
The global Electronic Shelf Labels market has also been witnessing the increasing demand for ESL by retail stores. However, Sandler Research advises the increasing competition among vendors could pose a challenge to the growth of this market.
Ginger — and packaged in an on-the-go bacon jerky pouch.