Weis To Spend $101 Million On Cap Ex; Comps Down In First Quarter

Print Friendly

Jonathan Weis, CEO and vice chairman of Weis Markets, announced late last month at its annual shareholder’s meeting that it would invest $101 million in its growth program in 2014. The meeting was held at Weis’ corporate offices in Sunbury, PA.

“Since 2008, we have invested more than $500 million in our growth and improvement programs. During this period, we completed more than a hundred projects,” said Weis. “This year, we plan to invest $101 million in growth and expect to complete work on 16 projects in 2014.”

Weis noted that the company opened four stores in 2013 – Woodlawn, MD; Towson, MD; Hillsborough, NJ (all former A&P/Super Fresh stores); and Huntingdon Valley, PA (a former Pathmark unit).Weis told shareholders of several key company initiatives, including its supply chain.

“As a company that self-distributes, our supply chain is a vitally important area for us. Over the last year, we have increased our focus on maximizing efficiency by driving millions of dollars of cost out of the system, while maintaining our high standards for store service. This has helped us reduce store level inventories and improve freshness.”

Related to its supply chain initiatives, Weis plans to expand its 1.1 million square foot distribution center in Milton, PA in 2014.