Supply Chain & Merchandising

Philadelphia -- Urban Outfitters reported Monday that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period.

For the full year, profit rose to $273 million from $220 million a year earlier.

Fourth-quarter net sales rose 14% to $668 million. Same-store sales for the quarter increased 4%. By brand, same-store sales rose 1% at Anthropologie, 28% at Free People and 5% for Urban Outfitters.

Asheville, N.C. -- Ingles Markets announced Monday that its founder and CEO Robert P. Ingle died on Sunday at age 77.

Ingle founded the company in 1965 and served as chairman of the board from 1965 until May 2004 and thereafter has served as a director. He has served as CEO since 1965, and president from 1965 until 1982.

His son Robert P. Ingle II has been named his successor.
 

Target is expected to gain about $3 billion in market share during the next few years as the company completes the rollout of its PFresh program, according to Credit Suisse analyst Edward Kelly.

ASHEVILLE, N.C. — Robert Ingle, the founder and CEO of regional supermarket chain Ingles Markets, died March 6, the company announced Monday. He was 77.

The company's board of directors said Ingle will be succeeded by his son, Robert Ingle II, who has been Ingles chairman of the board since 2004.

Ingle, who founded the business in 1963, served as CEO since the company was incorporated in 1965, as well as president from 1965 until 1982.

Ingles Markets operates 203 supermarkets across six southeastern states.