US supermarket firm Weis Markets has said it plans to invest US$92.7m in its growth and expansion programme.
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Chairman Robert Weis told shareholders the company hopes to begin work on 28 store projects this year, including the construction of five superstores. Current company plans also include the expansion of nine units and the remodel of 14 others. Weis said that while these projects will begin in 2004, some might not be completed until 2005.
CEO Norman Rich said the company was also investing in technology to increase efficiencies and improve productivity.
Rich said the company had completed the rollout of its new Direct Store delivery system in 2003. He also said the company now has self-scan lanes in 80 stores and expected to have the units in approximately 100 stores by the end of the year.
Weis Markets operates 158 stores in six states: Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia. The company also owns and operates 33 SuperPetz units in eleven states.
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