Pennsylvania-based Weis Markets announced last week that it “has lowered the prices on 2,600 staple items, effective December 31, and frozen these lower prices for 90 days through April 1, 2010. It has also moved to freeze the prices on an additional 624 products.”
In a prepared statement, CEO David J. Hepfinger said, “"It is clear our customers remain in a cautious mood due to the weak economy. Over the past year, our Price Freeze program has generated $16 million in savings for our customers. With our current program, we have lowered the prices on thousands of our products – and have committed to maintaining these lower prices through the spring. As a result, we are able to offer our customers consistent, long-term savings and values on the products they are looking to purchase."
In a prepared statement, CEO David J. Hepfinger said, “"It is clear our customers remain in a cautious mood due to the weak economy. Over the past year, our Price Freeze program has generated $16 million in savings for our customers. With our current program, we have lowered the prices on thousands of our products – and have committed to maintaining these lower prices through the spring. As a result, we are able to offer our customers consistent, long-term savings and values on the products they are looking to purchase."
- KC's View:
