ASHEVILLE, N.C. — Ingles Markets continues paying the price for an accelerated store development strategy. Expenses associated with 22 new or redeveloped stores in fiscal 2008 and 2009 — which have been slower to ramp up as a result of the economy — contributed to a 28% decline in net income for the second quarter, the company here said Friday. Sales in the quarter, which ended March 27, of $837 million increased by 6.1%, and comparable-store sales, excluding gasoline, improved by 1.1%. ...
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