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Weis Markets generates comps growth despite cautious consumer spending
SUNBURY, Pa. — Weis Markets reported its third quarter sales increased 6% to $678.6 million and that its comparable-store sales increased 6.5% during the thirteen-week period ending Sept. 24 compared with the same period a year ago.
During the period, the company's net income increased 4.1% to $17 million compared with the same period a year ago. The company's third quarter earnings per share increased to 63 cents compared with 61 cents per share in 2010.
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Maturing Consumers: What Retailers and Manufacturers Need to Know About Their Older Customers
By Martin Walker and Martin Walker, A.T. Kearney’s Global Business Policy Council
The fastest-growing age group worldwide in this century will be people over the age of 60. What must retailers and manufacturers know to adapt to this older consumer group? In the first-ever international survey of consumers over the age of 60, A.T. Kearney interviewed 3,000 people in 23 countries to find out what mature consumers want. The short answer: prices and labels they can read, packaging they can open, and more places to sit down in stores.