Weis Markets to invest $101M in growth in 2014

SUNBURY, Pa. — Weis Markets has announced plans to invest $101 million in its growth program in 2014.

“Since 2008, we have invested more than $500 million in our growth and improvement programs. During this period, we completed more than 100 projects,” said Weis Markets president and CEO Jonathan Weis while briefing shareholders on the company’s plans and its results during the annual shareholder meeting. “This year, we plan to invest $101 million in growth and expect to complete work on 16 projects in 2014.”

Weis said the company opened four stores in 2013, with units in Woodlawn and Towson, Md., Hillsborough N.J., and Huntingdon Valley, Pa.

Weis also spoke 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.”

He also said the company is planning to expand its 1.1 million square foot distribution center in Milton, Pa., in 2014.

 

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