Strategy

SUNBURY, Pa. — Weis Markets on Tuesday reported net income of $82.5 million for the 52-week period ended Dec. 29. Even with one less week of sales, that's up 9.2% versus fiscal 2011, which was a 53-week period, the grocer noted. Sales were down slightly by 1.9% to $2.7 billion compared with the week-longer year-ago period. Comparable sales were down 2%. 

Adjusting for the 52-week to 53-week comparison, the grocer's 2012 net income increased 13.9% while sales and comparable store sales were flat.

New York -- Vornado Realty Trust is selling 10 million shares of J.C. Penney Co. in an unregistered secondary transaction, according to reports by CNBC and other media outlets.

Deutsche Bank is shopping around the sale of the Vornado shares, according to the report.

Vornado is Penney’s third-largest shareholder controlling some 8.5% of the company. Vornado chairman Steven Roth sits on the company's board.

LOS ANGELES — American Apparel reported that its net sales for the fourth quarter were up 10% to $173 million and comparable-store sales rose 7% for the same period.

Net income for the fourth quarter of 2012 was $4.9 million, or 4 cents per common share on a fully-diluted basis, compared with net loss for the fourth quarter of 2011 of $11.2 million or 11 cents per common share.

New York -- Fashion Outlets of Chicago, a new mall due to open in August near O'Hare International Airport, on Tuesday announced its tenant list.

The two-level, 530,000-sq.-ft. center will be anchored by a Bloomingdale's outlet, Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th and Forever 21.

King Of Prussia, Pa. -- GSI Commerce, an eBay Inc. company, said it has extended its contract with PetSmart to support the retailer’s omnichannel strategy with webstore, fulfillment and customer service solutions. GSI has worked with PetSmart since 2007, and this contract will extend the relationship for three years.
   

WASHINGTON — A show devoted to snack food is expected to draw suppliers from 22 countries when it kicks off in May, the show's sponsoring organization said.

The 2013 Sweets & Snacks Expo, which will take place May 21-23 at Chicago's McCormick Place, is expected to be the most successful in the event's 16-year history, with a nearly sold-out show floor, according to the National Confectioners Association.

New York -- Despite rumors to the contrary, Publix is not interested in acquiring Harris Teeter, according to The Ledger.

Publix is in the midst of its first expansion into North Carolina, with plans to open two stores in the Charlotte area in 2014.

Officials with Harris Teeter recently confirmed that the 208-store chain will consider offers from potential buyers.

Fort Worth, Texas -- Trademark Property announced that it has unveiled a new logo, corporate office and website as part of its 20-year anniversary.

On Feb. 4, the company moved into a new corporate office located in the River Plaza office building, part of Trademark’s WestBend mixed-use development in Fort Worth.  In addition, a new, more digital- friendly logo is being introduced along with new website to better reflect Trademark’s ever-changing and dynamic business.