Weis Markets Appoints Mike Gross as Vice President of Central Store Sales and Merchandising
Weis Markets has named former Cubs manager Mike Gross as vice president of central store sales and merchandising, the Sunbury, Pa.-based retailer announced March 16.
Gross will oversee day-to-day category management, merchandising and pricing for the Grocery, Dairy, Frozen, HBC/GM and Adult Beverage departments and will report to Bob Gleeson, Senior Vice President of Merchandising and marketing, the company said.
During his 25-year career in food retail, Gross most recently served as a manager at Cubs, owned by parent company UNFI. He has also worked in store operations, merchandising and category management for Shoppers Food & Pharmacy as well as SuperValu.
With its fourth quarter now complete, Weis Markets has realized some upside energy. In its latest financial reports, net sales increased 8% in the fourth quarter. Net sales totaled $1.1 billion for the 13-week period ending December 25, 2021, compared to $1 billion for the same period in 2020, the company said. For the 52-week period ending December 25, 2021, increased slightly by 2.7% with net sales increased 2.7% to a total of $4.2 billion – the highest in the company’s history – compared to $4.1 billion (the second highest) for the same period in 2020, Weis Markets reported.
“As a retailer that has benefited from increased in-home food consumption by our customers due to the COVID-19 pandemic, we note that net sales and operating income for the past two fiscal years have been the first or second highest in our company’s 110-year history.The working capital of this positive momentum positions us well for the future to execute our long-term strategy of prudent reinvestment for profitable growth Weis Markets Chairman and CEO Jonathan H. Weis said in a statement.
Despite the the challenges of supply chain disruptions, a tight labor market and inflationary pressures, the company said its net profit reached $22.6 million in the fourth quarter, compared to $19.4 million in the fourth quarter of 2020. Weis thanked the firm’s associates, who “effectively served our customers and delivered strong financial results for the fourth quarter and fiscal year 2021 that significantly exceeded pre-pandemic levels and our initial expectations.”
In fiscal 2021, the retailer said in a statement that it increased its capital expenditure program, reinvesting more than $150 million in growth by opening four new/relocated stores and eight fuel centers, by completing 13 renovations and running more than a thousand retail stores. improvement projects, which have increased efficiency at the store level and improved the customer experience.
As part of its ex cap plan, Weis Markets opened its new store in Bucks County on January 20, proving its mission that opening new stores and renovating current stores is essential for future growth.
Weis Markets was founded in 1912 and today employs approximately 23,000 associates. He works stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia.