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Wakefern Sales Top $14 Billion
KEASBEY, N.J. — Wakefern Food Corp. posted retail sales of $14.1 billion for the fiscal year that ended Sept. 28, a 3.9% increase, the ShopRite cooperative said at its annual meeting Thursday.
October 24, 2013
2 Min Read
KEASBEY, N.J. — Wakefern Food Corp. posted retail sales of $14.1 billion for the fiscal year that ended Sept. 28, a 3.9% increase, the ShopRite cooperative said at its annual meeting Thursday.
Wakefern said its consolidated sales totaled $11.4 billion.
The cooperative added 10 new ShopRite stores, four PriceRite discount stores and one new Fresh Grocer store during the year, and expanded its ShopRite from Home service to 172 stores. The cooperative also added three new members during the year.
Read more: The Fresh Grocer Joins Wakefern
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“Since its founding 67 years ago, Wakefern has continued to thrive in an ever-evolving and rapidly changing marketplace,” Joseph Colalillo, chairman and chief executive officer, said in a statement. “As our customers’ needs continue to change, it is no longer enough for our stores to have the same logo to deliver a unified shopping experience. We will — and must — unite in a shared purpose and commitment to our communities, our customers and our associates to build upon past successes and achieve the next level of excellence.”
Also at Thursday’s meeting, Wakefern shareholders re-elected Colalillo to the board of directors as well as: James Sumas, 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, Joel Perlmutter and Steven Ravitz, assistant secretaries; Rocco Cingari, Robert Clare, Lawrence Collins, Jon Greenfield, Charles Infusino, Bernard Kenny, Vincent Lo Curcio III, Leonard Sitar, Richard Tully and Richard McMenamin were all re-elected to the board of directors.
Joseph Sheridan was also re-elected as president and chief operating officer.
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