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Weis to spend $109 million on capital expenditures this year

Weis to spend $109 million on capital expenditures this year

David Goodman | May 05, 2019 |

Weis Markets announced late last month that the company plans to invest $109 million in capital expenditures during 2019. The investments are slated for new stores, remodels, supply chain improvements and technology upgrades.

In the same announcement, a Weis executive said that sales rose to a record $3.5 billion in 2018, with comparable-store sales increasing in 18 of the past 19 quarters.

The Weis executive attributed the company’s recent success to technology investments, targeted holiday promotions, price improvements and more efficient store-level inventory management.

David Goodman

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

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