1

Weis Markets

#4577

Rank

$1.95B

Marketcap

US United States

Country

Weis Markets
Leadership team

Mr. Michael T. Lockard (Sr. VP, CFO & Treasurer)

Mr. Kurt A. Schertle (Chief Operating Officer)

Mr. Jonathan H. Weis (Chairman, Pres & CEO)

Products/ Services
Retail
Number of Employees
20,000 - 50,000
Headquarters
Sunbury, Pennsylvania, United States
Established
1912
Company Registration
SEC CIK number: 0000105418
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
WMK
Social Media
Overview
Location
Summary
Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts. As of March 7, 2022, the company owned and operated 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania.
History

Weis Markets was founded as Weis Pure Foods in 1912 in Sunbury, Pennsylvania, by two brothers, Harry and Sigmund Weis. Their store has been noted as "revolutionary", as it did not operate on credit; sales were only for cash. At the time, similar stores operated on credit, allowing customers to build a tab that would be paid periodically. Cash sales were a sign of a growing working class earning steady paychecks, and they also helped lower prices by up to 25%.

The second Weis store opened in 1915 in Harrisburg, Pennsylvania. Harrisburg would remain an important market for Weis, helping to anchor the central Pennsylvania region that Weis would dominate for decades.

The Weis brothers expanded their chain rapidly, opening dozens of small, in-town grocery stores throughout central Pennsylvania. Their chain peaked at 115 stores in 15 central Pennsylvania counties by 1933. As the supermarket industry shifted to larger, self-service stores, Weis adapted the format of its stores. The company closed several corner grocery stores in Harrisburg in 1938, replacing them with their first self-service, consolidated supermarket. Over the next two decades, the company continued with this strategy, and it had consolidated all of its corner grocery stores into supermarkets, with 35 stores by 1955. In newspaper ads of the 1940s, Weis referred to its stores first as Weis Super Markets, then Weis Self-Service Markets, and finally Weis Markets.In the 1950s and 1960s, Weis expanded its reach, first to York and then Lancaster by 1960. Weis expanded to Maryland in July 1967, opening its first non-Pennsylvania store in Hagerstown, followed by a store in Frederick in August Its first store in the Wilkes-Barre area opened in 1967. In November 1967, the company purchased the five-store Albany Public Markets chain based in Albany, New York, in an all-cash transaction. It operated Albany Public Markets as a subsidiary, keeping the company's management team intact. Weis closed its Albany Public Markets chain in October 1986, leasing the nine stores to Grand Union.

Weis also expanded to western Pennsylvania, opening stores as far west as Altoona, Everett, and Philipsburg, and expanded throughout northeastern Pennsylvania. The company purchased two regional chains in the Poconos and Lehigh Valley region: Mr. Z's, a 14-store chain of IGA supermarkets, in 1992, and King's, a six-store chain based in Hamburg, in 1994. Mr. Z's and King's were operated under separate banners for years before all stores were re-branded as Weis. The westernmost extent of Weis's expansion is along old route 220 with the two stores in Altoona, one on 7th street and one in Park Hills.

Weis's expansion into the Baltimore, Maryland market was successful.

Expansions into the Washington, D.C. market were less successful. Weis opened stores in suburban Washington, D.C. and northern Virginia before retreating from that market, first closing most of its stores in Montgomery County, Maryland, and finally closing all stores in Virginia.

Weis also expanded into northern New Jersey, beginning with a store opened in Newton in 1992. In 2000, another store opened in Flanders; it closed in 2002, two years after its opening. Weis re-entered Flanders in 2014, in a former A&P store adjacent to the location of its first Flanders store. On July 19, 2018 Weis Markets opened a second store in Morris County NJ in the town of Randolph .In 2009, Weis expanded into the Southern Tier of New York with the acquisition of the 11-store Giant Markets chain. Weis closed one former Giant Market in Binghamton in 2012, along with two others in 2014. Eight former Giant Markets continue to operate.

Eastern expansion continued in 2012 as Weis acquired three former Genuardi's stores from Safeway, in the Philadelphia suburbs of Conshohocken, Doylestown and Norristown, on June 16. A former Superfresh store in Towson, Maryland, opened as a Weis in 2012. Weis entered central New Jersey with the purchase of a former Pathmark store in Hillsborough in August 2013. In November 2013, Weis opened its closest store to Philadelphia after acquiring a former Pathmark store in Huntingdon Valley, Pennsylvania. In July 2015, Weis purchased the location and assets of Nell's Shur-fine Market from C&S Wholesale Grocers in Penn Township, York County, Pennsylvania and followed that up in October 2016 with the purchase of a second Nell's location in East Berlin, Pennsylvania.In May 2016, Weis Markets announced the purchase of five stores from Mars in Baltimore County, Maryland, after that chain announced it was closing all its stores. In July 2016, it was announced that Weis Markets entered into a purchase agreement with Ahold and Delhaize Group for 38 Food Lion locations in Maryland, Delaware,and Virginia as part of the divestiture of stores to gain clearance from the Federal Trade Commission for the impending Ahold/Delhaize merger. On October 5, 2016, Weis announced the purchase of Nell's Shur-fine Market in East Berlin, PA from C&S Wholesale Grocers. The company completed the acquisition and conversion of the 44 stores in early November 2016.

On March 9, 2017, Weis Markets opened a 65,000-square-foot store in Hampden Township, Pennsylvania, that features a pub, ice cream parlor, expanded takeout food selection, a drive-thru pharmacy, and a beer cafe selling 900 varieties of beer and 500 varieties of wine. In late September 2019, Weis acquired two Thomas' Food Market stores, one in Dallas, Pennsylvania and another in Shavertown, Pennsylvania, reopening the Dallas location under the Weis banner and closing the Shavertown location.

Legal case

The Weis supermarket located in Park Hills Plaza along U.S. Route 220 in Altoona, Pennsylvania, was the subject of a key 1960s United States Supreme Court case concerning the "public forum doctrine." The Court held that a union picket in the supermarket parcel pickup area and parking lot was permissible because the "shopping center here is clearly the functional equivalent to the business district" of a city. At the time of the picketing, the Weis store was located in Logan Valley Mall, the Park Hills Plaza was not built until the mid-1970s, at which time Weis moved across U.S. Route 220 to its current location.

Mission
To deliver an exceptional shopping experience by offering the best service, value, quality and freshest products while being good stewards of our environment and giving back to the communities we serve.
Vision
Become the number one supermarket in our communities by... Offering the most inviting buying environment in the industry. Saving our customers time and money. Building our brand to premier status.
Key Team

Mr. Harold G. Graber Jr. (Sr. VP of Real Estate & Devel., Sec. and Director)

Mr. Mark Shearer (Director of Technical Services)

Mr. David William Gose II (Sr. VP of Operations)

Mr. Richard Gregory Zeh Jr. (Sr. VP & Chief Information Officer)

Mr. Robert Cline (VP of Talent Devel. and VP of Associate Relations)

Mr. Brian Keith Bosworth (Sales Director)

Mr. Jack O'hara (VP of Legal Affairs and Real Estate)

Recognition and Awards
Weis Markets has received numerous awards for our commitment to sustainability and corporate social responsibility. We have been recognized for excellence in food safety, energy efficiency and environmental stewardship by organizations such as the Food Marketing Institute, Environmental Protection Agency, Department of Energy, Climate Change Solutions and the U.S. Chamber of Commerce. We have also received numerous awards for our vendor and employee relations programs, as well as for our commitment to diversity and inclusion at our stores and corporate headquarters.
References

Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.

Weis Markets
Leadership team

Mr. Michael T. Lockard (Sr. VP, CFO & Treasurer)

Mr. Kurt A. Schertle (Chief Operating Officer)

Mr. Jonathan H. Weis (Chairman, Pres & CEO)

Products/ Services
Retail
Number of Employees
20,000 - 50,000
Headquarters
Sunbury, Pennsylvania, United States
Established
1912
Company Registration
SEC CIK number: 0000105418
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
WMK
Social Media