Corporate Governance

SUNBURY, Pa. — Weis Markets on Monday reported an increase in 2011 sales of 5% to $2.8 billion.

Weis said its comparable sales for the calendar year also were up, increasing 4.2% for 2011, compared with the year-ago period.

SUNBURY, Pa. — Weis Markets on Monday announced it has entered into an agreement to purchase three Pennsylvania-based Genuardi's stores from Safeway.

"We're extremely pleased to be adding these stores to our store base," Weis Markets president and CEO David Hepfinger said. "We look forward to serving these communities as the lead local merchant as we have in 33 counties throughout central, eastern and Northeastern Pennsylvania. We will also be reaching out to the associates of these stores to discuss employment with our company."

LAS VEGAS — Supervalu on Monday announced that its new Essential Everyday private-label brand — to include more than 2,400 products by early 2013 — now is available in select independent retail locations.

“Early results have shown that Essential Everyday is performing very well at our 1,100 Supervalu-owned stores, and we believe that our independent retailers will see a positive customer response as well," stated Leon Bergmann, president of Supervalu's independent business.

Target is looking to get ahead of the curve in major media markets by placing communications executives in such places as Dallas, Los Angeles, New York and Toronto in addition to those at the Minneapolis home office, Ad Age reported on Monday.

Even ground-breaking partnerships must come to an end, and that will be the case next month when after collaborating on roughly 2,000 items over a 13-year span, the final offering of Michael Graves branded products arrives in Target stores.

Pleasanton, Calif. -- Safeway Inc. said Monday that it has agreed to sell three of its Genuardi's stores in Pennsylvania to grocery chain Weis Markets. The deal follows on the heels of Safeway’s sale of 16 Genuardi’s stores to Giant Food Stores.

The three stores are located in Doylestown, Norristown, and Conshohocken. Safeway said it will continue to operate the group until the transaction closes. No firm date has been announced.

Sunbury, Pa. -- Weis Markets reported Monday that net income for the year ended Dec. 31 increased 10.7% to $75.6 million. Sales for the period rose 5% to $2.8 billion, and same-store sales increased 4.2%.

In the fourth quarter, the grocer saw an even stronger performance, as net income surged 37%, sales rose 11.4% and comps increased 4.8%.
 

A lineup of five new retailers will be opening at Westchester’s Ridge Hill in early spring, according to the New York City-area project’s developer Forest City Ratner Cos.

Victoria’s Secret, Bath & Body Works, White House | Black Market, The Limited and Vera Bradley will open around the same time as Lord & Taylor, slated to debut in mid-April.

New York City -- Saks Inc. will expand its distribution and fulfillment capacity, adding a new facility in Tennessee in 2012.

The new center will occupy approximately 564,000 sq. ft. of leased space and will be located in LaVergne, Tenn. It will be equipped with a sophisticated mobile-robotic fulfillment system that has been successfully deployed in Saks’ Maryland facility.

Saks expects the Tennessee facility to be operational by August 2012.

Austin, Texas -- Whole Foods Market announced that two regional presidents, David Lannon and Ken Meyer, have been promoted to executive VPs of operations, joining the executive leadership team. The company's 12 regional presidents will report to them.