Wakefern Posts Record $16.5B Retail Sales, Adds 6 Units

Print Friendly

“Wakefern and our supermarket banners, ShopRite, Price Rite Marketplace, The Fresh Grocer and Dearborn Market, are always working to innovate and elevate the customer experience. The supermarket industry is changing rapidly and we are adapting to provide exceptional shopping experiences, both in store and online,” Sheridan told the audience.

Chris Lane. Executive VP who many believe will be the successor to Sheridan, reported on efforts to enhance retail operations through targeted rebranding efforts and a focus on private label brands. Wakefern, he said, is building a team to source on-trend products with innovative packaging and design.

He also cited the rollout earlier this month of a new format and reimagined shopping experience at three Price Rite Marketplace pilot stores in Pennsylvania. The rebranded stores in Allentown, Bethlehem and Secane focus on special deep discounts while offering more organics, more fresh foods, more convenience and better value.

“So much has changed in such a short amount of time in the supermarket industry. What hasn’t changed for Wakefern is our commitment to helping small businesses succeed in a big business world,” added Lane.

Wakefern shareholders also re-elected to the board of directors at the meeting include: Colalillo, chairman and CEO; Larri Wolfson, Dominick J. Romano and Irv Glass, vice chairmen; Lawrence Inserra Jr., treasurer; Jeffrey Brown and Sean McMenamin, assistant treasurers; Richard Saker, secretary; and Ned Gladstein, Nicholas Sumas, and Shawn Ravitz, assistant secretaries. Sheridan was also re-elected as president and COO, and Lane was re-elected as executive vice president.