Weis Markets to Purchase 2 Stores
Weis Markets has entered into an asset purchase agreement with TCD Realty Inc. to purchase two of the Kingston, Pa.-based company’s supermarkets.
The stores are Thomas’ Foodtown, in Dallas, Pa., and Thomas’ Food Basics, in Shavertown, Pa.
Weis Markets expects that the transaction will close in the fourth quarter of its fiscal 2019. Once the purchase is completed, Weis Markets will convert and reopen the Dallas location, but won’t reopen the Shavertown store.
When asked by Progressive Grocer why the Shavertown store would be remain closed, a Weis Markets spokesman noted that the location was too small for the grocer to offer its full assortment, as well as being in close proximity to the Dallas store. The spokesman added that the company would interview both stores' associates for possible employment with the company at one of its seven stores in the region.
“We have great respect for the operators and associates of Thomas’ Foodtown and Food Basics in Dallas and Shavertown and look forward to continuing to serve the Dallas area,” said Jonathan Weis, the retailer's chairman, president and CEO. “We look forward to interviewing their associates for possible employment with our company.”
When the Dallas store reopens, Weis will operate seven locations in northeastern Pennsylvania’s Luzerne County.
Sunbury, Pa.-based Weis Markets operates 198 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York West Virginia and Virginia. The company is No. 26 on PG’s 2019 Super 50 list of the top grocers in the United States.