SUNBURY, PA – This year will be one for growth for Weis Markets, given the retailer’s latest announcement. Investing $90 million throughout the chain, Weis is looking to conquer 2017 with its extensive growth plans.

"In 2017, we plan to invest $90 million in our growth,” said Chairman and CEO Jonathan H. Weis. “Our budget includes 14 remodels, a new unit in Brunswick, MD, two fuel centers, and the continued expansion of our distribution center in Milton, PA. We also have seven new stores in the active planning stages and expect most of them to open in 2018." 

The expansive budget will cover new stores, remodels, supply chain improvements, and continued information technology upgrades. The investment plan was unveiled during the company’s annual shareholder meeting Friday, according to a press release.

This move comes off a recent string of growth-centric strategies from the retailer. Last year, Weis converted a total of 44 stores after acquiring locations from Nell’s Family Market, Mars Super Market, and Food Lion. This led to a generation of over $3 billion sales during 2016, the first for the company. 

"Last year was one of tremendous growth and opportunity for our company. In 2016, we acquired 44 stores and converted them in just three months' time, growing our store base by more than 20 percent," continued Weis. "As a result of our acquisition, we now operate 204 stores and have expanded operations into two new states, adding Delaware and Virginia to our now seven state territory throughout the Mid-Atlantic region. We are proud of our team—23,000 associates strong—who made our success possible.”

As Weis continues its upward momentum, AndNowUKnow will keep our eye on its impact on the buy-side sector and potential for a fresh focus. 

Weis Markets