ASHEVILLE, N.C. — Ingles Markets here said the weak economy has led the company to ratchet back its spending outlook for the current year. In a conference call with analysts last week discussing third-quarter results, Ingles said it has spent only $65.3 million in the first nine months of the current year, vs. $390 million over the previous two years, when the company opened or redeveloped 22 locations. “Economic conditions have resulted in a longer ramp-up time for these 2008 and 2009 ...
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