Weis declares quarterly dividend
SUNBURY, Pa. — Weis’ board of directors declared a quarterly dividend of 29 cents per share on Friday.
The dividend will be paid to shareholders of record as of Feb. 7, payable on Feb. 21.
Weis operates 164 stores in five states.
Jewel-Osco’s president leaves post
ITASCA, Ill. — Supervalu company Jewel-Osco announced that its president will retire, effective Feb. 28.
Keith Nielsen, whose career at the company spanned 40 years — and who has served as Jewel-Osco’s leader since 2007 — will be replaced by Brian Huff, Supervalu SVP specialty retail. Huff will transition into the new role Feb. 7.
“I am very proud of the work we’ve accomplished at Jewel-Osco during my tenure as president, but I’m looking forward to retiring and spending more time with my family,” Nielsen said. “I will miss working with the many wonderful associates at Jewel-Osco and wish the team the very best as they continue to grow the business.”
NRF: Consumers will show love for spending this Valentine’s Day
WASHINGTON — Retailers should expect a boost in sales this Valentine’s Day, as total spending is projected to reach $15.7 billion among consumers ages 18 years and older, according to the National Retail Federation.
The average person’s total spend this Valentine’s Day will be about $116.21, up 11% over last year’s $103.
In line with other project numbers for Valentine’s Day shopping, NRF reported that 52.1% of consumers would express their love through greeting cards, making it the most popular gift this year. Coming in the No. 2 spot is candy (24.6%). The top go-to destination for Valentine’s Day shopping will be discount stores (47.5%), followed by department stores and specialty clothing stores, the survey noted.
The survey, which polled 8,913 consumers, was conducted by BIGresearch on behalf of NRF.
“Having surpassed expectations during the holiday season, it seems consumers are not done spending on gifts, which bodes well for the economy,” said NRF president and CEO Matthew Shay.