Price Chopper Boosts Capital Expenditures to $54M
Plans call for at least 2 new stores, 3 remodels. The Kansas City area retailer has plans for at least two new stores and three remodels, doubling the prior two years' capital budget.
February 18, 2020
Price Chopper, with 51 Kansas City area stores owned by the Ball, Cosentino, McKeever and Queen families, will invest $54 million in new stores or the remodeling of existing stores this year. This year’s investment brings the company’s total investment in stores to more than $104 million in three years.
The new and remodeled stores will feature expanded and improved fresh departments, including produce, foodservice, bakery, deli and meat. Preliminary projects include new stores in Gardner, Kan., and Smithville, Mo., and remodeled stores in Overland Park and Leavenworth, Kan., as well as Kansas City, Mo.
“As the grocery market leader, it’s important for us to reinvest into the communities we serve,” said Brian Haaraoja, president and CEO of Price Chopper Enterprises. “We know the impact of these investments will spur growth in new areas, while also adding to the job force.”
The new stores will add about 300 new jobs to the area, and with 11,000 employees, Overland Park, Kan.-based Price Chopper is one of Kansas City’s largest employers.
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