SUNBURY, PA-Regional grocers are thought, by many retail observers, to face a further squeeze by national competition, discount stores and outlets like drugstores offering more food. Weis Markets isn’t feeling that pain yet though.
The locally based chain of 164 stores in the Mid-Atlantic and Northeast is doing just fine, thank you. Management recently approved a $102.6-million capital expenditure budget for the year, and sales and earnings are in good shape.
The funds will be used to open two to three stores, expand two and renovate 17 units. Additionally, some of the money will go toward upgrading the grocer’s information technology systems.
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