Meijer unveils aggressive growth plans, entering new markets
Meijer is planning to aggressively add stores in the next two years and enter Wisconsin, a new market for the privately-held retailer.
Meijer CEO Hank Meijer made the announcement at the Milwaukee Business Journal's Power Breakfast. It is the largest expansion for Meijer to date.
The Michigan-based company said that up to 12 stores are planned for Wisconsin, but the sites haven't all been identified and the search is ongoing. "As a company we'll probably be opening 10-12 stores a year, and a significant number of those will be in Wisconsin each year for the next several years. We'll be looking at a lot of other communities beyond Milwaukee," said Meijer.
The eight locations the retailer has confirmed for Wisconsin include Wauwatosa, Oak Creek, Kenosha and Grafton in 2015 and in Sussex, Greenfield, Waukesha and Janesville in 2016, he said. Meijer currently operates roughly 200 stores in five states: Michigan, Indiana, Illinois, Ohio and Kentucky. Its growth in recent years has largely been focused on expanding in the greater-Chicago area.
In order to support the company's growth there, Meijer has purchased a former Supervalu warehouse and will renovate it to add more space and other upgrades.
-See this Milwaukee Business Journal article
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