Who Owns Weis Markets?

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Weis Markets, Inc., stylized as weis, and doing enterprise as Weis, is a Mid-Atlantic meals retailer headquartered in Sunbury, Pennsylvania, United States.

The agency presently operates 199 retailers with over 23,000 staff in Pennsylvania, West Virginia, Virginia, Maryland, New York, New Jersey, West Virginia, Virginia, and Delaware.

Weis was based mostly as Weis Pure Foods in 1912, in Sunbury, Pennsylvania, by two brothers, Harry and Sigmund Weis. Their retailer has been labelled as “revolutionary”, as a result of it didn’t perform on credit score rating; product sales have been only for cash.

During that interval, associated retailers operated on credit score rating and allowed their prospects to assemble a tab that could be paid periodically. Cash product sales have been a sign of a rising working class which were incomes common paychecks, and they also moreover helped lower prices by as a lot as 25%.

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In 1915, the second Weis retailer opened in 1915 in Harrisburg, Pennsylvania. Harrisburg would keep an crucial market for the company, serving to to anchor the central Pennsylvania space that it’s going to dominate for a few years.

The Weis brothers finally expanded their chain, opening dozens of small, in-town grocery retailers all by central Pennsylvania.

Who Owns Weis Markets?

Weis Markets is a publicly traded agency (NYSE: WMK), nonetheless may be partly owned by the Weis Family (65%).

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