Wakefern Posts 6.4% Sales Gain

KEASBEY, N.J. — Wakefern Food Corp. [3] here said retail sales for the recently ended fiscal year were up 6.4%, to $13.6 billion.

Warehouse sales at the cooperative wholesaler/retailer, which is parent of the ShopRite chain, were $10.1 billion for the year, which ended Sept. 29. The co-op opened 10 new ShopRite stores and one new PriceRite discount store during the year.

Read more: Wakefern Installing Solar Rooftop at DC [4]

“We continue to be successful, in spite of tough competition and an even tougher economy,” said Joseph S. Colalillo [5], chairman and chief executive officer, Wakefern. “Our success hinges on our family-owned businesses and their ability to focus on our customers — meeting, and exceeding, the unique demands of the different marketplaces in which we operate.”

He made the announcement at Thursday’s annual meeting in East Brunswick, N.J.

Suggested Categories More from Supermarketnews