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Survey finds shoppers with a plan spend most money

BY Allison Cerra

CHICAGO Coupon clippers and shoppers that plan their excursions to the supermarket are more likely to spend more money, according to a Henkel survey.

Henkel, a manufacturer of such brands as Dial soap, said that those who go to supermarkets with the intent to shop and save yield more profit than carefree shoppers. On average, coupon clippers spent more than $7,100 last year. What’s more, Henkel added, these shoppers accounted for 31% of spending on packaged goods in 2009, even though they only make up 26% of U.S. households.

Another interesting fact, the CPG maker noted, is that shoppers with a plan also are less likely to shop at new stores.

The survey was baed on tracking of about 40,000 households performed by ACNielsen and Information Resources Inc.

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Target names new board member

BY DSN STAFF

MINNEAPOLIS Target announced that chairman, president and CEO John Stumpf of Wells Fargo & Co. has been appointed to its board of directors, effective immediately. Stumpf will replace George Tamke, who retired from the board on March 9.

Stumpf is a 28-year veteran at Wells Fargo, having joined the former Norwest Corp. (predecessor of Wells Fargo) in 1982. He was named CEO in June 2007, elected to Wells Fargo’s board of directors in June 2006, and has been president since August 2005.

George Tamke has served on Target’s board since 1999. He is a partner at Clayton, Dubilier, & Rice, a private investment firm.

Target also announced that Richard Kovacevich, former chairman and CEO of Wells Fargo & Co., intends to retire from Target’s board of directors on Dec. 31. Kovacevich has served on Target’s board since 1996.

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CVS Caremark declares quarterly dividend

BY Antoinette Alexander

WOONSOCKET, R.I. CVS Caremark’s board of directors has approved a quarterly dividend of $0.0875 per share on the common stock of the corporation, payable May 4 to holders of record on April 23.

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