Home / News / Running With Equity Retail /

Weis to increase cap-ex to $140 million

Weis to increase cap-ex to $140 million

David Goodman | May 05, 2016 |

Weis Markets announced last month that it plans to increase capital spending by 33% this year to a record $140 million. The funds will cover the cost of three new stores, 20 remodels and technology investments.

Last year’s capital spending totaled $92 million and covered 14 remodels and five Gas N’ Go centers.

Weis operates 162 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties. 

Call David