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Weis Markets Boosts Cap-Ex 27%

SUNBURY, Pa. — Weis Markets here said Thursday that the company would increase its 2010 capital expenditures by 27% over year-ago levels, to $102.8 million.

SUNBURY, Pa. — Weis Markets here said Thursday that the company would increase its 2010 capital expenditures by 27% over year-ago levels, to $102.8 million. The spending would fund two to three new stores, two expansions, 17 major remodels and six other remodels, plus investments in technology.

"We have significantly increased our IT investments over the past two years," said David Hepfinger, president and chief executive officer, in a prepared statement "Our success as a company will depend on our ability to develop and incorporate rigorous analytics that give us better insight into our business and help us increase our sales and profits."

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