Meijer Plans $160M in Cap Ex for 2013
Meijer will finalize an investment of more than $160 million in new and remodeled stores this year, including the construction of six new supercenters and major remodel projects for an additional five stores.
Michigan, Indiana and Illinois will each welcome two new Meijer supercenters, with remodel projects planned at an additional four Michigan stores and one Meijer location in Illinois.
“We are pleased to continue to invest in the Midwest communities that have supported us for so long,” said Hank Meijer, co-chairman and co-CEO. “By keeping prices low and maintaining our focus on customer service, we have been able to continue to grow during a tough economic cycle.”
The opening of each new Meijer store represents at least 250 full- and part-time jobs, the company reported. Meijer has opened 29 new stores since 2007, and remodeled dozens of others, which the company said has created thousands of jobs and generated millions of dollars of tax revenue for local communities.
The remodel projects will include a variety of specific enhancements both in and outside the stores, such as lighting, heating, refrigeration, exterior lighting and parking lot maintenance. Additionally, the introduction of newer technology in key areas during the remodel process will result in reduced energy usage and more energy-efficient stores.
Two of the stores will go through a significantly more comprehensive remodel program. The South Pennsylvania Road Meijer in Lansing, Mich., will be totally rebuilt within a 14-month timeframe that will transform the aging site into an all-new store. The Knapp's Corner Meijer in the company’s hometown of Grand Rapids, Mich., will be the first to benefit from a new Meijer flagship remodel that will test design elements which may be considered for future stores.
“We will continue our process of slow, steady growth,” Meijer said. “This has allowed us to focus on our customers and team members, while supporting the communities where they work and live.”
Meijer Inc. operates 199 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky.