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Wakefern posts 4% annual sales gain
Wakefern Food Corp. said Thursday that retail sales improved by 4% to $14.7 billion during the fiscal year ended Sept. 27.
October 30, 2014
3 Min Read
Wakefern Food Corp. said Thursday that retail sales improved by 4% to $14.7 billion during the fiscal year ended Sept. 27.
The cooperative during the year opened six new ShopRite stores, five new PriceRite stores and six Fresh Grocer stores during the period. In addition, the company expanded its ShopRite from Home services to include 214 stores. Wakefern wholesale sales totaled $11.9 billion.
The results were announced Thursday at the company’s annual meeting in East Brunswick, N.J., by chairman and CEO, Joseph S. Colalillo, and president and COO, Joe Sheridan, both of whom were re-elected Thursday.
At the meeting, it was announced that four members have retired from the company’s board of directors: Rocco Cingari of Grade A Market; Bernard Kenny of Delaware Supermarkets; Joel Perlmutter of Perlmart; and James Sumas of Village Super Market. In addition, it was announced that four new members would be welcomed to the board effective immediately: Jordan Coe of Waverly Markets; Harry Garafalo of Milford Markets; Nicholas Sumas of Village Super Market; and David Zallie of Somerset Stores.
Joseph S. Colalillo
“The strength of our cooperative lies in the strength of our family businesses and their enduring commitment to their customers, which is handed down from generation to generation,” Colalillo said. “The decades of service, wisdom and expertise that Rocky, Bernie, Jim and Joel have brought to Wakefern will continue to guide us as we move forward as a company. They will remain active in their own companies and at the Wakefern committees on which they serve. We welcome our new members and look forward to their new perspective on our businesses and their contributions to future successes.”
“Year after year, Wakefern continues to grow and adapt to meet the needs of an ever-changing industry and an increasingly demanding customer,” Sheridan added. “After more than 65 years in this business, we rely on the lessons from past successes while always looking to the future for new and better ways to help our members succeed.”
Follow @SN_News for updates throughout the day.
Also at Thursday’s meeting, Wakefern shareholders re-elected to the board: Colalillo as chairman and CEO; Larri Wolfson and Irv Glass as vice chairmen; Lawrence Inserra, Jr., treasurer; Richard Saker, Jeffrey Brown and Kenneth Capano as assistant treasurers; Dominick J. Romano as secretary; Ned Gladstein and Steven Ravitz, assistant secretaries; as well as Robert Clare, Lawrence Collins, Jon Greenfield, Charles Infusino, Vincent Lo Curcio III, Leonard Sitar, Richard Tully and Richard McMenamin.
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