Home » Weis Announces $92M Capital Expansion Plan

Weis Announces $92M Capital Expansion Plan

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Last updated on April 28th, 2015 at 10:43 am

Weis Markets Chairman Jonathan Weis says his company plans to invest $92 million in the growth and upgrade of its store base, information technology systems and supply chain.

At the company’s annual shareholders meeting April 23, Weis said, “We continue to invest in the upgrade of our store base and information technology infrastructure. In 2015, we plan to invest approximately $92 million in our growth and currently have 12 store projects under way and another 23 in active planning stages. We have also begun work on a major expansion of our distribution center, which will allow us to improve efficiencies and increase our fresh department variety. In recent years, we have steadily upgraded our supply chain, which has helped us drive costs out of the system while maintaining our in-stock conditions.”

Weis says the company opened two new stores and three gas stations in 2014 and completed 16 remodels.

Weis also updated shareholders on the company’s successful go-to-market strategies.

“As part of our effort to continue our sales momentum in 2015, we reinforced our pricing image through our lowest price guarantee program—which offers a market low price on four weekly items and our longer term Every Day Lower Price program on nearly 2,000 everyday items.”

Weis reviewed the company’s online shopping service with curbside pickup, which is now available in 26 stores, and said this will increase to 31 locations by summer.

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