Village Super Market Inc. operates 29 ShopRite supermarkets in Maryland, New Jersey and Pennsylvania. The supermarket chain expects to spend approximately $20 million in its new financial year, which will be spent to replace two stores and complete the remodeling of three others.
Village is the second largest member of Wakefern Food Corporation, which owns the ShopRite name. The supermarket chain filed an annual report with the Securities Exchange Commission on Tuesday that details its 2013 financial outlook. Its fiscal year commences on July 29th. The annual report lists acquisitions of store fixtures, leases and other assets for the fiscal period in the three states where the chain has stores and also cites remodeling it had done on new acquisitions. The Village Super Market has an average of 57,000 total square feet in its stores, which house natural and organic departments, home meal replacement, ethnic and international foods, on-site bakery and other specialty departments.
Non-food items featured include pharmacies, cut flowers, small appliances, greeting cards, and health and beauty aids. In 2011 and 2012 the supermarket added on–site registered dieticians in nine of its stores, who provided customers with advice on proper nutrition and healthy meals. This was part of the Live Right with ShopRite program offered to the communities.
The sales that the supermarket posted in the year 2012 is $1,422,243, which is an increase of $123,315 from 2011 figures (the figures are in thousands of dollars). The company attributed the increase to the opening of two stores in Maryland and acquisition of a store in Old Bridge, New Jersey in January.
The capital expenditure totaled $20.8 million. Sales per store the fiscal year 2012 was $49,903 (dollars thousands) with sales per square foot amounting to $1,112.