ASHEVILLE, N.C. (828newsNOW) — Ingles Markets suffered millions in property damage and inventory losses in Tropical Storm Helene, the company said Tuesday.
The locally-owned grocer put losses at between $35 million and $55 million, according to a news release. Insurance is expected to cover $10 million to $15 million of that.
The storm damaged Ingles’ distribution center in Black Mountain and several of its stores, the company said in the release.
“Of our 198 stores, 194 stores are currently open. Four of our stores sustained damage due to flooding and winds and are temporarily closed,” the release said.
The company expects to reopen its stores in Swannanoa, Morganton, Newland and Spruce Pine in the next three to nine months. The distribution center is fully operational and has returned to normal operations, the news release said.
“Our thoughts are with everyone impacted in our communities who lost lives, loved ones, homes and access to basic necessities. We are proud to see our hard-working associates come together with neighbors and local resources to continue the Ingles commitment of serving our customers and communities.