Meijer to spend $400 million to grow stores

Meijer plans to invest $400 million in 2016 to grow its regional footprint with new stores and remodels.

The Grand Rapids, Michigan–based mass merchant said it will build nine new supercenters and remodel 32 units this year in Michigan, Indiana, Illinois, Kentucky and Wisconsin.

The largest concentration of remodels will be in Meijer's home state of Michigan, where the retailer also recently said it would be expanding its craft beer selection.

The newly remodeled stores will feature new store layouts, expanded grocery, liquor, health and beauty selections, and some new technology to improve energy efficiency.

Eight remodels are planned for the Detroit area and another at the company's oldest store in Burton, Michigan. Meijer will also remodel a location in the Grand Rapids suburb where Hendrik Meijer opened his first store in 1935.

"We are pleased to continue to grow and invest in the Midwest communities that have supported us for so long," cochairman 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."

"We will continue our process of slow, steady growth," said Meijer. "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."

For more:
-See this MLive article

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