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  • Ingles Markets founder dies at 77

    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.

  • Urban Outfitters profit dips in Q4

    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.

  • Real Estate’s Darling

  • Seeing past the ‘core customer’: Channel-blurring means retailers should embrace complexity -- and even paradox

    By Joseph R. Bona, [email protected]

  • Lowe's introduces Dacor appliances

    Mooresville, N.C.-based Lowe's is adding Dacor to its appliance mix in select Lowe's stores and offering Dacor for special order from the rest.

    Costa Mesa, Calif.-based Dacor makes luxury kitchen appliances. Two of the standout products offered through Lowe's are the Renaissance 36-in. Gas Cooktop and the Renaissance 30-in. Single Wall Oven. 

  • Privalia acquires German online retailer Dress for Less

    London -- Online sales club Privalia Venta Directa, S.L. said Monday it will acquire Dress for Less, a German online fashion retailer, from Palamon Capital Partners, a pan-European private equity firm.
     
    The acquisition will be funded through a combination of $123 million of new equity provided by equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners.
     
    Dress for Less founders Mirco Schultis and Holger Hengstler will become significant shareholders in Privalia.

  • Share gains coming, but not the next Walmart

    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.

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