Sunbury, Penn.-based Weis Markets Chairman and Chief Executive Officer Jonathan H. Weis announced the company’s plans to invest $90 million in 2017.
Among the improvements are new stores, remodels, supply chain infrastructure and IT upgrades.
“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.,” Weis said in the release. “We also have seven new stores in the active planning stages and expect most of them to open in 2018.”
The $90 million, however, is about 35% less than the company spent for fiscal improvements and acquisitions in 2016. Last year, the company planned to spend about $140 million, and acquired 38 Food Lion locations and five Mars Super Markets.
"Last year was one of tremendous growth and opportunity for our company," he said, in the release. "In 2016 we acquired 44 stores and converted them in just three months' time, growing our store base by more than 20%."
Weis now operates 204 stores in seven states.