Meijer to Invest $400 Million in New Stores & Remodels
GRAND RAPIDS, MI - Meijer has revealed its intention to invest more than $400 million to both build new stores and remodels across its six-state footprint for 2016.
Construction of nine new Meijer supercenters and 32 different remodel projects will be included in the investment, the company says. Michigan, Indiana, Illinois, Kentucky, and Wisconsin will each see a new Meijer supercenters at a later date this year, while the remodels have either already been underway or are scheduled to begin soon.
"We are pleased to continue to grow and invest in the Midwest communities that have supported us for so long," shared Chief Executive Officer Hank Meijer in a press release. "By keeping prices low and ensuring a great shopping environment, we are keeping our promise to our customers that we will provide the best one-stop shopping solution."
Each new Meijer store will require as many as 300 full- and part-time jobs, making for a total of 3,000 new employees as the result of the new investment.
The nine Meijer supercenters scheduled for 2016 include the following locations:
- Owensboro, KY
- Evansville, IN
- Indianapolis, IN
- Round Lake Beach, IL
- Flossmoor, IL
- Sturgis, MI
- Flat Rock, MI
- Sussex, WI
- Waukesha, WI
In addition to the new supercenters, Meijer shared that the company is now "aggressively remodeling" stores in areas it calls its “key markets.” These areas include Detroit, Indianapolis, and Fort Wayne. Southeastern Michigan will see a total of 12 supercenter remodels, Indianapolis will see three, and Fort Wayne will have two. Meijer's store in Burton, MI, will also be included in the project.
"We will continue our process of slow, steady growth," the Meijer CEO continued. "This plan has allowed us to remain focused on our customers and team members, while growing our business and ensuring we continue to innovate in the marketplace."
While the depth of each store’s remodel will be based upon several factors, each will include store enhancements like improved layouts, expanded grocery/health and beauty sections, and revamped lighting, heating, refrigeration, parking lots, and energy efficient technologies.