Content about Weis Markets

Sunbury, Pa. -- Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
   
“To position our company for continued growth, we have made record investments in our store base,” and vice chairman Jonathan H. Weis, at the company’s annual shareholder meeting. “Look for more of the same in 2013 when we increase our Cap Ex investment to $135 million – an 8% increase compared to 2012 – and a 33% increase compared to 2011.”

Sunbury, Pa. -- Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

Stombaugh will take on an expanded role in the company’s decision support and its strategic development. He also will continue to oversee its financial accounting and reporting functions, internal controls, treasury and budgets, Weis reported. He will continue to report to Scott Frost, SVP and CFO.

Prior to joining the company in 2010, Stombaugh worked in several progressive management roles at Foot Locker’s financial center.

Waltham, Mass. -- Profitect announced Monday that Weis Markets has selected its cloud-based Profit Amplification solution, a pattern-seeking predictive analytics tool, for deployment throughout the chain.

Weis Markets will initially deploy the Point of Sale and Inventory modules of the Profitect suite.

Sunbury, Pa. -- Weis Markets reported Tuesday that net income for the quarter ended June 30 rose 12.1% to $23.2 million, compared with $20.7 million in the year-ago period.

Sales were essentially flat at $677.1 million, and same-store sales inched up 0.4%.

President and CEO David Hepfinger cited a “stagnant sales environment” for the near-flat sales but said the grocer continues to improve efficiencies and store-level productivity.
 

Sunbury, Pa. -- Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them on June 16.

Ahead of the three openings -- in Conshohocken, Doylestown and East Norristown, Pa. – Weis said it opened each store's pharmacy Monday at noon to minimize prescription service disruption.

Sunbury, Pa.  -- Weis Markets on Thursday announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.

When construction is completed, the store is expected to achieve U.S. Green Building Council’s LEED certification for measurably reducing or mitigating its environmental impact for sustainable site development, water savings, energy efficiency, material selection and indoor environmental quality.

Sunbury, Pa. -- Weis Markets said it will invest $125 million in its 2012 growth program, a 25% increase compared with 2011.

“Our budget includes two new stores and 18 major remodels,” Weis Markets vice chairman Jonathan Weis said. “In addition, we expect to soon complete the purchase of three Genuardi's units near Philadelphia which we hope to reopen later this summer.”

St. Louis -- Save-A-Lot, a wholly owned subsidiary of Supervalu, will open 13 stores in February and March.

The grocer will open three locations in New York bringing the total number of Save-A-Lot stores in the state to 52. In Ohio, it will open three stores, for a total of 128 locations state-wide. The chain will open four stores in Pennsylvania, for a total of 76, and three in Tennessee, for a total of 108.

Pleasanton, Calif. -- Safeway Inc. said Monday that it has agreed to sell three of its Genuardi's stores in Pennsylvania to grocery chain Weis Markets. The deal follows on the heels of Safeway’s sale of 16 Genuardi’s stores to Giant Food Stores.

The three stores are located in Doylestown, Norristown, and Conshohocken. Safeway said it will continue to operate the group until the transaction closes. No firm date has been announced.

Sunbury, Pa. -- Weis Markets reported Monday that net income for the year ended Dec. 31 increased 10.7% to $75.6 million. Sales for the period rose 5% to $2.8 billion, and same-store sales increased 4.2%.

In the fourth quarter, the grocer saw an even stronger performance, as net income surged 37%, sales rose 11.4% and comps increased 4.8%.
 

Sunbury, Pa. — Weis Markets on Monday announced it has joined the U.S. Environmental Protection Agency’s SmartWay Transport Partnership, a program, that will help the grocer assess the environmental and energy efficiency of the trucks supplying its 161 stores.

Dallas -- Weis Markets has selected Retalix's Demand-Driven Replenishment solution to optimize its overall in-stock position and reduce excess inventory and out-of-stocks in its stores.

“We wanted a system that could provide demand-based forecasting and replenishment and assist us in optimizing our inventory. Retalix's Demand-Driven Replenishment solution was the ideal fit," said Bob Mawyer, VP of information technology at Weis Markets, Sunbury, Pa., which operates 164 stores.