Thursday, May 5, 2016

Weis to increase cap-ex to $140 million

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.

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