Wakefern Achieves Record Retail Sales Of $13.6 Billion

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Wakefern Food Corporation announced last month that its retail sales had reached a record sales level of $13.6 billion in retail sales for its fiscal year ended September 29, 2012, a 6.4 percent increase from the same period last year. It also reported $10.1 billion in warehouse sales.

The Keasby, NJ based cooperative’s chairman and CEO Joseph S. Colalillo and president and COO Joe Sheridan, addressed Wakefern’s membership, store management and staff at the company’s annual meeting inEast Brunswick, NJ on October 25, 2012.

“We continue to be successful, in spite of tough competition and an even tougher economy,” said Colalillo. “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.”

The cooperative also reported that it opened 10 new ShopRite stores and one new PriceRite store during the period.

Also at the meeting, Wakefern shareholders re-elected to the board of directors: Joseph S. Colalillo as chairman;  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. Joseph Sheridan, president and COO, was also re-elected as an operating officer.