News

Weis Markets Inc. is losing one of its longest serving executives after the company announced that the chairman of the board is stepping down.

Robert F. Weis will not stand for re-election to its board of directors at the company's annual meeting of shareholders on April 23, the company said.

"We are deeply indebted to Robert for his 69 years of leadership and tireless dedication to our company," said Harold G. Graber, Jr., a director and secretary of the company.

Petco is leveraging the combined power of video and celebrities with its latest promotion, "Think Adoption First."

New for spring at the world's largest home improvement retailer: an integrated shopping experience.

In announcing its Costco-like membership model, Jet.com (yet to launch as of this writing) has positioned itself as the latest type of online retail marketplace. Considering that online marketplaces really go back to the days of CompuServe, Prodigy and Earthlink (extra points if you know what “dial up” means), I’ve been struck by how much marketplaces have been in the news lately. Think about Alibaba’s jaw-dropping $9.3 billion sales on Singles Day (Nov.

An early Easter helped Stein Mart post an impressive 7.9% boost in same store sales for the first quarter.

Stein Mart reported sales of $244.4 million for the nine weeks ending April 4, a 10.6% increase over that period the year before. The sales growth was especially strong in March, according to the release.

The company reported $155.8 million in sales for the five weeks ending April 4, a 14.2% increase over that time the year before. Same store sales were up 11.2% for March. 

After reporting standout results for the holiday quarter, Costco had a drop in same store sales in March that the retailer blamed on the earlier-than-normal Easter holiday.

Amazon’s Prime membership is starting to crowd out traditional retailers like Walmart and Target, according to Forbes.

The magazine reports that research consultant Millward Brown Digital found that consumers with Prime accounts –- of which there are reportedly 40 million subscribers –- are less likely to visit other retail sites when making online purchases.

Retailers and consumer goods companies already know that California leads the nation when it comes to burdensome regulatory requirements. Now, the situation could go from bad to worse with enforcement looming of a complex law known as the Transparency in Supply Chains Act.

New York -- Enrollment levels in consumer loyalty programs have reached an all-time according to the 2015 Bond Brand Loyalty Report. The fifth annual study shows consumers overwhelmingly agree that loyalty programs are worth the effort.