Weis Markets plans $109 million transformation

Sunbury, Pa.-based Weis Markets plans to invest $109 million in new stores, remodels, supply chain improvements and continued information technology upgrades.

“As part of our company’s commitment to long-term growth, we will invest roughly $109 million in our store base and support areas,” said Jonathan H. Weis, CEO of Weis Markets, at the company’s annual shareholder meeting. “This includes a new store in Bedminster, Pa., as well as 14 store remodels, six fuel centers, supply chain and information technology investments.”

Weis said his company’s sales increased to a record $3.5 billion in 2018, with same store sales having increased 18 of the past 19 quarters. The company’s income from operations also increased by 9.4 percent year over year.

The grocer’s CEO attributed Weis Markets’ progress to its store base and information technology investments. He also said its sales and operating income benefited from targeted holiday promotions through its loyalty marketing program, price optimization improvements and more efficient store-level inventory management.