Meijer Details $400M 'Slow, Steady' Expansion Plans
Meijer on Wednesday said it would invest more than $400 million in new and remodeled stores this year across its six-state footprint.
The investment includes the construction of nine new Meijer supercenters and 32 remodel projects.
“We are pleased to continue to grow and invest in the Midwest communities that have supported us for so long,” CEO Hank Meijer said in a statement. “By keeping prices low and ensuring a great shopping environment, we are keeping our promise to our customers that we will provide the best one-stop shopping solution.”
Since 2010, the Grand Rapids, Mich.-based Meijer has opened 36 new stores, and remodeled dozens of others.
The new Meijer supercenters opening in 2016 include: Owensboro, Ky.; Evansville and Indianapolis, Ind.; Round Lake Beach and Flossmoor, Ill.; Sturgis and Flat Rock, Mich.; and Sussex, and Waukesha, Wis.
In addition to the new supercenters, Meijer said it would "aggressively" remodel stores in key markets such as Detroit, Indianapolis and Fort Wayne.
Southeastern Michigan alone will see 12 Meijer supercenters remodeled this year, while Indianapolis will have three remodel projects and two in Fort Wayne.
The Meijer store in Burton, Mich., one of the company’s oldest operating stores, will also be included in the project.
While the depth of the remodel varies based on several factors, these projects include a variety of specific store enhancements, including improved store layouts, expanded grocery and health and beauty sections, as well as lighting, heating, refrigeration and parking lot improvements, Meijer said. Additionally, the introduction of newer technology in key areas during the remodel process will result in more energy-efficient stores.
“We will continue our process of slow, steady growth,” Hank Meijer said. “This plan has allowed us to remain focused on our customers and team members, while growing our business and ensuring we continue to innovate in the marketplace.”
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