SUNBURY, Pa. — Weis Markets on Thursday announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
“To position our company for continued growth, we have made record investments in our store base,” Jonathan Weis, Weis Market's vice chairman, told shareholders during the grocer's annual meeting held here. In 2013, the company is planning 37 major projects, including four new stores, 15 major remodels and 17 remodels.
“By the end of 2013, we will have invested nearly half a billion dollars in our growth and will have completed more than 100 projects," commented David Hepfinger, Weis president and CEO. "Our capex program also includes record-level investments in our information technology infrastructure,” he said. “Improving our decision support and measurement capabilities is essential to our growth and future profitability.”
According to Hepfinger, supply chain and improving service also are key areas of focus. “Our organization has worked diligently to improve efficiencies throughout our supply chain — from distribution to the customer’s cart. We also are holding ourselves accountable to our customers in all that we do, which has resulted in better in-stock conditions, improved freshness and product rotation and better customer service.”