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Weis Markets chairman to step down

BY Gina Acosta

SUNBURY, Pa. — Weis Markets is losing one of its longest serving executives after the company announced that the chairman of the board is stepping down.
 
Robert 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 Graber, Jr., a director and secretary of the company.
 
Weis is currently the chairman of the board of the company, and he indicated that his decision not to stand for re-election was motivated by his desire to focus on his health. Weis has served as an employee, director or officer since 1946 and was appointed chairman of the board in April 2002. The board of directors has not designated a substitute nominee for Weis and has reduced the size of the company's board from six to five.
 
Jonathan Weis, currently the vice chairman of the board, and the company's president and CEO, has been elected by the board as its new chairman effective at the annual meeting, provided that he is elected as a director by the shareholders. Jonathan Weis is the son of Robert Weis. "My father's contributions to the growth and development of Weis Markets are far too many to detail," said CEO Jonathan Weis, adding that "throughout the years, I have relied on him for valuable advice, and he has always been available to discuss any detail or issue."
 
The company also announced that Robert Weis will be appointed, effective following the upcoming annual meeting, to the honorary position of "Chairman Emeritus" in recognition of his many years of service to the company.
 
Weis operates 163 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.
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Survey: Three-in-four shoppers use mobile in-store

BY Dan Berthiaume

ATLANTA — Purchases in brick-and-mortar stores still accounted for more than 94% of all retail sales in the United States last year, totaling $4.4 trillion. But according to the new “Reality of Retail” report from retail marketing firm InReality, consumers are shifting their in-store shopping habits.
 
For example, 75% of surveyed shoppers use mobile devices in-store, with 25% making mobile in-store purchases. Perhaps reflecting this increased reliance on mobile technology to support store activities, only 12% of shoppers feel the in-store sales associate is an important touch point in a purchase decision.
 
However, consumers are still regularly performing old-fashioned in-store research. Fifty-three percent of shoppers surveyed prefer to research products in-store. Surprisingly, 57% of shoppers surveyed in the “digital native” 18-to-24-year-old group prefer to research in-store.
 
Other findings include:
 
• 56% of shoppers still think advertising is important to their purchase decision in-store.
 
• 46% of shoppers who use loyalty programs consider them to be important in their decision to purchase.
 
• 71% of shoppers who use loyalty programs still use their mobile for price comparisons.
 
The Reality of Retail Survey was conducted in December 2014 and collected a total of 1,361 survey responses across 11 retail categories.
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NACDS to present glimpse of the future with ‘Vision 2026’ at Total Store Expo

BY Antoinette Alexander

 

2014 NACDS Total Store Expo. Photo courtesy of NACDSmedia.

 

ARLINGTON, Va. — It’s back! Following a successful launch in 2014, the National Association of Chain Drug Stores has announced its partnership with four technology companies to present Vision 2026 at the 2015 NACDS Total Store Expo to be held in August. This feature will again offer attendees a glimpse of “what comes next” in the industry through technology platforms, displays and interactive experiences.

The 2015 NACDS Total Store Expo will be held Aug. 22 to 25 in Denver.

This year, NACDS will once again partner with global retail merchandising and technology thought leader Kantar Retail on Vision 2026. Also partnering with NACDS and Kantar Retail is global software technology company IBM Watson, interactive display technology company Provision Interactive Technologies and automated robotics technology company, Grabit.

“As the retail and healthcare landscapes continue to evolve, we’re at an important juncture in how technology can play an integral role in bringing them together for the benefit of the consumer,” said NACDS president and CEO Steve Anderson. “The technologies presented by Kantar Retail, IBM Watson, Proactive Interactive Strategies and Grabit will certainly showcase what the future of retail and healthcare may look like in the next decade at this year’s NACDS Total Store Expo,” said Anderson.  

This year’s Vision 2026 experience will again be located at the entrance to the exhibit floor of the NACDS Total Store Expo at the Colorado Convention Center. Through a variety of interactive exhibits, the feature will focus on four primary areas.

The Changing Diagnostic Landscape – The role of the retail store in primary care, rehabilitation, diagnosis and treatment.

Kantar will present a perspective on what the overall industry landscape may look like in 10 years, with a particular eye on an “outcome-centered” healthcare payment system. IBM Watson will also demonstrate its capabilities in visualizing the “primary care store” of the future.  

The Changing Healthy Living Landscape – The role of the retail store as a healthcare advisor to shoppers looking to stay healthy or get healthier. 

Companies will demonstrate the impact that wearables and other portable communication devices will have on the future of health management, and how consumers will interact with these devices.

The Changing Store Environment – Revolutionizing a consumer’s ability to personalize communication and make retail display markedly more interactive. 

Prototypes of a vision for the store of the future will feature personalized display and content vehicles, as well as the analytics to validate their effectiveness as brand building platforms. Provision Interactive Technologies will showcase its 2D and 3D capabilities with interactive Savings Center Kiosks demonstrating how consumers can access product information and cost-savings promotions, rewards and coupons.  

The Changing Economic/Logistics Engine – How the operating and logistics model of the future will allow the personalized, healthy retail environment to function as efficiently as possible. 

Kantar Retail will present its 3D virtual prototype renderings of store environments to demonstrate what the future of the virtual retail environment may look like in 10 years. Grabit will demonstrate its new electroadhesion technology, which is poised to revolutionize manufacturing and warehouse automation.
 

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