Wakefern Food Corp. is currently the largest supermarket cooperative in the United States. Wakefern currently controls 1.6% of the market. It is owned by independent grocers who operate supermarkets in the Northeast United States. They also assist other retailers in staying competitive in today’s market.
About Wakefern Food Corp
Wakefern’s focus is on helping independent retailers compete in the world of big business. This is accomplished by providing entrepreneurs with the tools they need to stay ahead of the completion. The client benefits from a number of services provided by Wakefern including:
- Innovative Technology
- Private Label Development
- Best-In-Class Procurement Practices
Wakefern is headquartered in Keasbey, New Jersey and operates over 2.5 million square feet of grocery and non-food warehousing. One of the greatest features of Wakefern is that it is uniquely positioned to meet the wholesale needs of the retail customers it serves. Along with domestic customers, Wakefern also reaches international customers, all of which are provided:
- High Quality Grocery
- Non-Food Products
- Consistently Great Value
Wakefern Food Corp. was founded 64 years ago and has always provided exceptional service to its customers. The advantages of using Wakefern’s cooperative include the collective retail experience between members, first-hand consumer insights, and knowledge of best practices. These features help retailers to find success in a highly competitive marketplace that consist of highly dominating multi-national chains.
Number of Stores and States Serviced
In addition to servicing cooperative members, Wakefern operates ShopRite and Price Rite Stores. Currently, a total of 220 ShopRite stores are located in:
- New York
- New Jersey
Of these stores, 28 are corporately owned by Wakefern Food Corp. ShopRite serves 5 million customers weekly, making over 10.6 billion in retail sales annually. It also sells more than 3,000 products branded with private labels.
PriceRite Supermarkets is a wholly owned subsidiary of Wakefern. Price Right supermarkets services over approximately 18,000 customers weekly. These shoppers usually save up to 50% on their grocery bills as the stores don’t spend money on advertisements or fancy décor, focusing rather on simply providing a clean and convenient place to shop. It operates over 40 stores in:
- New York
- Rhode Island
Wakefern’s customers currently include:
Morton Williams – This family-owned food retailer has been in business since 1946. It currently has 12 locations in the New York Metropolitan area.
Gristedes – Providing service to New York for over 100 years, Gristedes offers dairy products, produce, fresh meats, frozen foods, baked goods, nonfood items, and gourmet foods.
Heinen’s – The first Heinen’s store opened in Cleveland, Ohio back in 1929. Now there are 17 Heinen fine food stores operating in Northeast Ohio, each promising to “provide world-class customer service while offering the freshest, highest quality foods.”
The MarketPlace Limited – This is a chain of eight grocery stores that operate throughout Bermuda. Originally, they opened as the Piggly Wiggly stores, but now are the most modern stores on the island.
In addition, Wakefern also has customers all across the Northeast and Ohio. International customers are located in Central and South America, the Middle East, and the British Isles.
Banners: ShopRite, Price Rite