GRAND RAPIDS (WZZM) -- Meijer, the Walker-based company that invented the superstore concept over 50 years ago, expects to add 50 new stores in the next five to seven years. That word Tuesday from the company's president, J.K. Symancyk.
Speaking at a Grand Rapids Area Chamber of Commerce breakfast, Symancyk said Meijer in recent years has emerged from "survival mode" to "spectacular growth and performance"; growth he pegged at 40 percent.
As a privately-held company, Meijer does not disclose financial figures.
Symancyk, 41, became the company's president in January. He said future growth plans will move Meijer into Wisconsin. "Unlike our competitors we mean more in the communities we are in and have more opportunities to connect," he told the crowd.
He said the July opening of Meijer's first store in Detroit was one of the strongest store openings the company has enjoyed in recent years.
"We're really excited about the fact that now the honeymoon is over so to speak, we continue to see the kind of business results we thought we'd have continue."