Weis Markets increases 2010 budget
SUNBURY, Pa. Weis Markets vice chairman Jonathan Weis said his company increased its 2010 capital expenditure budget to $102.8 million, a 27% increase compared with 2009.
Weis said the majority of this budget would be invested in the company's store base. The company plans 27 projects in 2010 including two to three new stores, two expansions, 17 major remodels and six remodels.
"For our company and our organization, 2009 was a year of growth and considerable progress," said Weis. "At a time of deep recession and the highest sustained unemployment rate in our country since the Great Depression, we had a strong year."