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{{short description|Cooperative group of supermarkets in the United States}}
{{short description|Cooperative group of supermarkets in the United States}}
{{refimprove|date=June 2011}}

{{Use American English|date=December 2018}}
{{Use American English|date=December 2018}}
{{Use mdy dates|date=December 2018}}
{{Use mdy dates|date=December 2018}}

{{Infobox company
{{Infobox company
| name = Wakefern Food Corporation
| name = Wakefern Food Corporation
| logo = Wakefern Food Corporation logo.svg
| logo = Wakefern Food Corporation logo.svg
| logo_size = 200px
| logo_size = 200px
| type = {{unbulleted list|[[Privately held company|Private]]|[[Retailers' cooperative]]}}
| type = [[Privately held company|Private]]
| foundation = {{Start date and age|1946|p=y}} in [[Newark, New Jersey|Newark]], New Jersey, U.S.
| foundation = {{Start date and age|1946}} in [[Newark, New Jersey|Newark]], New Jersey, U.S.
| founders = {{unbulleted list|Louis Weiss|Sam Aidekman|Al Aidekman|Abe Kesselman|Leo Eisenberg|Dave Fern}}
| founders = {{unbulleted list|Lawrence Weiss|Sam Aidekman|Al Aidekman|Abe Kesselman|Leo Eisenberg|Dave Fern}}
| location = 5000 Riverside Drive
| location = 5000 Riverside Drive
| location_city = [[Keasbey, New Jersey|Keasbey]], [[New Jersey]]
| location_city = [[Keasbey, New Jersey|Keasbey]], [[New Jersey]]
| location_country = [[United States|U.S.]]
| location_country = U.S.
| key_people = {{unbulleted list|Joseph S. Colalillo ([[Chairman]] & [[Chief Executive Officer|CEO]])|Joe Sheridan ([[President (corporate title)|President]] & [[Chief operating officer|COO]])}}
| key_people = {{unbulleted list|Sean McMenamin ([[chairman]]) | Mike Stigers ([[President (corporate title)|president]])}}
| services = {{unbulleted list|computer services|insurance|advertising|marketing|merchandising|procurement}}
| services = {{unbulleted list|computer services|insurance|advertising|marketing|merchandising|procurement}}
| revenue = {{increase}}[[US$]]18.3 billion (2020)<ref name=S>http://www.supermarketnews.com/retail-financial/wakefern-posts-nearly-10-sales-gain-fiscal-2020. Retrieved 14 November 2020</ref>
| revenue = {{increase}}[[US$]]20.1 billion (2024)<ref name=YC>https://njbiz.com/outgoing-wakefern-execs-pass-baton-to-new-president-chairman/. Retrieved 26 October 2023.</ref><ref name=OK/><ref name=S>{{cite web |url=http://www.supermarketnews.com/retail-financial/wakefern-s-fiscal-2021-sales-dip-after-cycling-pandemic-driven-gains |title=Wakefern's fiscal 2021 sales dip after cycling pandemic-driven gains |website=www.supermarketnews.com |date= October 25, 2021|access-date=29 October 2021}}</ref>
| members = 51 (2019)<ref name=JJ>{{cite news | url=https://www.supermarketnews.com/retail-financial/nicholas-markets-joins-wakefern-food-co-op | title=Nicholas Markets joins Wakefern Food co-op | work=[[Supermarket News]] | date=October 30, 2019}}</ref>
| members = 48 (2023)<ref name=YC/><ref name=JJ>{{cite news | url=https://www2.wakefern.com/who-we-are/ | title=Wakefern: Who we are | date=October 3, 2021}}</ref>
| num_employees = 80,000+ (2020)<ref name=S/>
| num_employees = ~ 80,000 (2021)<ref name=JJ/>
| divisions = {{unbulleted list|[[ShopRite (United States)|ShopRite]]|[[PriceRite|Price Rite Marketplace]]|[[The Fresh Grocer]]|Dearborn Market|[[Gourmet Garage]]|[[Fairway Market]] (5 stores)<ref name=S/>}}
| divisions = {{unbulleted list|[[ShopRite (United States)|ShopRite]]|[[PriceRite|Price Rite Marketplace]]|[[The Fresh Grocer]]|[[Dearborn Market]]|[[Gourmet Garage]]|[[Fairway Market]]|[[Di Bruno Bros.]]<ref name=S/>}}
| homepage = {{URL|wakefern.com/}}
| homepage = {{URL|www2.wakefern.com/}}
}}
}}


'''Wakefern Food Corporation''', founded in 1946 and based in [[Keasbey, New Jersey|Keasbey]], [[New Jersey]], [[United States|U.S.]],<ref name="Village-Super-Market,-Inc-Oct-2017-10-K">{{cite web|url=http://edgar.secdatabase.com/1794/10359517000020/filing-main.htm |title=Village Super Market, Inc, Form 10-K, Annual Report, Filing Date Oct 12, 2017 |publisher=secdatabase.com |access-date =May 11, 2018}}</ref> is the 74th [[List of largest private non-governmental companies by revenue|largest private non-governmental company]] in the world, the largest [[retailers' cooperative]] group of [[supermarket|supermarkets]], and the fourth-largest cooperative of any kind in the [[United States]], and the largest private employer in New Jersey in 2017 (39,500 workers).<ref>http://www.app.com/story/news/investigations/data/analysis/2019/07/29/nj-top-employers/1841950001/. Retrieved 14 November 2020.</ref> As of 2020, Wakefern has fifty-one member companies who own and operate 359 supermarkets,<ref name=S/><ref name=JJ/><ref name="Wakefern">{{cite news| url=https://www.supermarketnews.com/online-retail/wakefern-opens-robotics-driven-warehouse-online-grocery |title=Wakefern opens robotics-driven warehouse for online grocery |first=Russell |last=Redman |work=[[Supermarket News]] |date=Jul 23, 2019}}</ref> under the brands of [[ShopRite (United States)|ShopRite]], [[PriceRite|Price Rite Marketplace]], [[The Fresh Grocer]], Dearborn Market, Gourmet Garage, and Fairway Market in New Jersey, [[New York (state)|New York]], [[Connecticut]], [[Pennsylvania]], [[Maryland]], [[Delaware]], [[Massachusetts]], [[New Hampshire]], [[Rhode Island]], and [[Virginia]].<ref name=S/><ref name="Village-Super-Market,-Inc-Oct-2017-10-K"/>
'''Wakefern Food Corporation''' is an American company that was founded in 1946 and is based in [[Keasbey, New Jersey|Keasbey]], [[New Jersey]].<ref name="Village-Super-Market,-Inc-Oct-2017-10-K">{{cite web|url=http://edgar.secdatabase.com/1794/10359517000020/filing-main.htm |title=Village Super Market, Inc, Form 10-K, Annual Report, Filing Date Oct 12, 2017 |publisher=secdatabase.com |access-date =May 11, 2018}}</ref> It is the largest [[retailers' cooperative]] group of [[supermarket]]s and the fourth-largest cooperative of any kind in the [[United States]]. Wakefern was the largest private employer in [[New Jersey]] in 2018, with 40,200 employees.<ref>{{cite web |url=http://newjerseyalmanac.com/employers.html |title=New Jersey Leading Employers |website=newjerseyalmanac.com |access-date=17 September 2021}}</ref> As of 2023, Wakefern has 48 member companies who own and operate 365 supermarkets,<ref name=YC/><ref name="Wakefern">{{cite news| url=https://www.supermarketnews.com/online-retail/wakefern-opens-robotics-driven-warehouse-online-grocery |title=Wakefern opens robotics-driven warehouse for online grocery |first=Russell |last=Redman |work=Supermarket News |date=Jul 23, 2019}}</ref><ref name=OK>https://www.supermarketnews.com/retail-financial/wakefern-sees-sales-rebound-fiscal-2022. Retrieved October 28, 2022</ref> under the [[ShopRite (United States)|ShopRite]], [[PriceRite|Price Rite Marketplace]], [[The Fresh Grocer]], Dearborn Market, [[Gourmet Garage]], and [[Fairway Market]] brands in [[New Jersey]], [[New York (state)|New York]], [[Connecticut]], [[Pennsylvania]], [[Maryland]], [[Delaware]], [[Massachusetts]], [[New Hampshire]], and [[Rhode Island]].<ref name=YC/><ref name=S/><ref name="Village-Super-Market,-Inc-Oct-2017-10-K"/>


==History==
==History==


===Meaning of the Wakefern name===
===Meaning of the Wakefern name===
The name "Wakefern" is a [[portmanteau]] of the founders' names: '''W''' for Louis Weiss, '''A''' for Sam and Al Aidekman, '''K''' for Abe Kesselman, '''E''' for Leo Eisenberg, and '''FERN''' for Dave Fern, although the company adopted the name [[ShopRite (United States)|ShopRite]] for its stores in 1951.
The name "Wakefern" is a [[portmanteau]] of the founders' names: '''W''' for Lawrence Weiss, '''A''' for Sam and Alex Aidekman, '''K''' for Abe Kesselman, '''E''' for Leo Eisenberg, and '''FERN''' for Dave Fern, although the company adopted the name [[ShopRite (United States)|ShopRite]] for its stores in 1951.


===Cooperative overview===
===Cooperative overview===
Wakefern owns one of the [[Northeastern United States|Northeast]]'s largest [[truck]]ing [[Fleet vehicle|fleets]] and is the fourth-largest cooperative in the United States.<ref name="c100">{{Cite web|url=https://impact.ncb.coop/hubfs/assets/resources/NCB_Co-op_100_2018_WEB.pdf|title=2018 NCB Co-op 100|publisher=[[National Cooperative Bank]]|format=pdf}}</ref> In fiscal year 2016, its revenue was US$ 16 billion, and US$ 16.3 billion in 2017. In 2011, ''[[Supermarket News]]'' gave Wakefern its Retailer Excellence Award and The Griffin Report and Progressive Grocer named Wakefern its Retailer of the Year. In 2012, this company was named one of the Best Places to Work in N.J. by NJBIZ Magazine. As of 2011, Wakefern was ranked 17th by sales among all supermarket operators in the U.S.
Wakefern owns one of the [[Northeastern United States|Northeast]]'s largest trucking [[Fleet vehicle|fleets]] and is the fourth-largest cooperative in the United States.<ref name="c100">{{Cite web|url=https://impact.ncb.coop/hubfs/assets/resources/NCB_Co-op_100_2018_WEB.pdf|title=2018 NCB Co-op 100|publisher=[[National Cooperative Bank]]}}</ref> In fiscal year 2016, its revenue was $16 billion, and $16.3 billion in 2017. In 2011, ''Supermarket News'' gave Wakefern its Retailer Excellence Award and both ''The Griffin Report'' and ''Progressive Grocer'' named Wakefern its Retailer of the Year. In 2012, the company was named one of the Best Places to Work in New Jersey by ''NJBIZ Magazine''. As of 2011, Wakefern was ranked 17th by sales among all supermarket operators in the United States.


Wakefern also created and operates or franchises the [[PriceRite|Price Rite]] limited-assortment chain (based in [[Wethersfield, Connecticut]]) of stores in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. Dearborn Market is a supermarket in New Jersey. Readington Farms, Inc. processes and distributes milk products in New Jersey, Pennsylvania, Delaware, New York, Connecticut, Massachusetts, and Rhode Island.
Wakefern also created and operates or franchises the [[PriceRite|Price Rite]] limited-assortment chain (based in [[Wethersfield, Connecticut]]) of stores in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. Dearborn Market is a supermarket in New Jersey. Readington Farms, Inc. processes and distributes milk products in New Jersey, Pennsylvania, Delaware, New York, Connecticut, Massachusetts, and Rhode Island.
Line 38: Line 35:
On August 1, 2013, Wakefern added [[The Fresh Grocer]] banner, an eight-store chain based in [[Drexel Hill]], [[Pennsylvania]], when Burns Supermarkets joined the cooperative. One of the stores was converted to the ShopRite name while the others retained the Fresh Grocer name.<ref>{{cite web|url=http://www.philly.com/philly/business/20130801_Fresh_Grocer_to_join_Shop_Rite_s_supplier__Wakefern_Food_Corp_.html|title=Fresh Grocer to join Shop Rite's supplier, Wakefern Food Corp.|date=July 31, 2013|first=Harold |last=Brubaker |website=[[The Philadelphia Inquirer]]|language=en-US|access-date=2019-09-29}}</ref> The banner has since been adopted by stores operated by other members of the cooperative.
On August 1, 2013, Wakefern added [[The Fresh Grocer]] banner, an eight-store chain based in [[Drexel Hill]], [[Pennsylvania]], when Burns Supermarkets joined the cooperative. One of the stores was converted to the ShopRite name while the others retained the Fresh Grocer name.<ref>{{cite web|url=http://www.philly.com/philly/business/20130801_Fresh_Grocer_to_join_Shop_Rite_s_supplier__Wakefern_Food_Corp_.html|title=Fresh Grocer to join Shop Rite's supplier, Wakefern Food Corp.|date=July 31, 2013|first=Harold |last=Brubaker |website=[[The Philadelphia Inquirer]]|language=en-US|access-date=2019-09-29}}</ref> The banner has since been adopted by stores operated by other members of the cooperative.


Wakefern supplies all of its members' ShopRite stores as well as the Price Rite and The Fresh Grocer chains, and Dearborn Market. In July 2007, the cooperative announced that for the first time it was offering its wholesale services to third-party supermarket operators, in the [[Northeastern United States]] and other areas of the country. Since then, Wakefern has announced deals to supply the [[Gristedes]] and [[Morton Williams]] chains of supermarkets in the New York City area, [[Heinen's Fine Foods]] chain in Ohio, as well as The Market Place in [[Bermuda]]
Wakefern supplies all of its members' ShopRite stores as well as the Price Rite and Fresh Grocer chains, and Dearborn Market. In July 2007, the cooperative announced that for the first time it was offering its wholesale services to third-party supermarket operators, in the Northeastern United States and other areas of the country. Since then, Wakefern has announced deals to supply the [[Gristedes]] and [[Morton Williams]] chains of supermarkets in the New York City area, [[Heinen's Fine Foods]] chain in Ohio, as well as The Market Place in [[Bermuda]].


Wakefern also provides its members' stores with services such as: computer services, insurance, advertising, marketing, merchandising and procurement.<ref>{{cite web|url=http://www.wakefern.com|title=Home page|publisher=Wakefern Corporation}}</ref>
Wakefern also provides its members' stores with services such as computer services, insurance, advertising, marketing, merchandising and procurement.<ref>{{cite web|url=http://www.wakefern.com|title=Home page|publisher=Wakefern Corporation}}</ref>


Member stores include the publicly traded Village Super Market.<ref>{{Cite web|url=https://www.myvillagesupermarket.com/our-story/|title=Our Story|website=Village Supermarket}}</ref>
Member stores include the publicly traded Village Super Market.<ref>{{Cite web|url=https://www.myvillagesupermarket.com/our-story/|title=Our Story|website=Village Supermarket}}</ref>


Wakefern currently has a total of seven warehouses in [[New Jersey]] and [[Pennsylvania]].
As of 2023, Wakefern has a total of seven warehouses in New Jersey and Pennsylvania.


Mike Stigers became president of Wakefern effective June 1, 2023. Stigers had been CEO of [[Cub (supermarket)|Cub]], a Minnesota-based grocery chain and subsidiary of publicly traded [[United Natural Foods]].<ref name="ProgGrocer-Stigers-Wakefern">{{Cite magazine |last=Goldschmidt |first=Bridget |date=March 24, 2023 |title=Wakefern Names Mike Stigers Co-op's Next President |url=https://progressivegrocer.com/wakefern-names-mike-stigers-co-ops-next-president |url-status=live |archive-url=https://web.archive.org/web/20230325183843/https://progressivegrocer.com/wakefern-names-mike-stigers-co-ops-next-president |archive-date=2023-03-25 |access-date=2023-03-25 |magazine=Progressive Grocer}}</ref>
==See also==

⚫
==References==
{{Portal|New Jersey|Companies|Food}}
{{Portal|New Jersey|Companies|Food}}
*[[ShopRite (United States)]]
*[[PriceRite|Price Rite]]
*[[The Fresh Grocer]]


⚫
== References ==
{{reflist}}
{{reflist}}


== External links ==
== External links ==
*{{official|http://www2.wakefern.com/}}
*{{official website|http://www2.wakefern.com/}}
*[http://www.shoprite.com/ ShopRite Official Website]
*[http://www.shoprite.com/ ShopRite Official Website]
*[http://wakefern.shoprite.com/ Wakefern Corporate Site]
*[http://wakefern.shoprite.com/ Wakefern Corporate Site]
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*[http://www.heinens.com/cnt/ShopriteProducts.html ShopRite products at Heinens Fine Foods]
*[http://www.heinens.com/cnt/ShopriteProducts.html ShopRite products at Heinens Fine Foods]


{{Woodbridge, New Jersey}}
{{Supermarkets of the United States}}
{{Supermarkets of the United States}}


[[Category:Wakefern Food Corporation| ]]
[[Category:Wakefern Food Corporation| ]]
[[Category:American companies established in 1946]]
[[Category:American companies established in 1946]]
[[Category:Business services companies established in 1946]]
[[Category:Retail companies established in 1946]]
[[Category:Food and drink companies based in New Jersey]]
[[Category:Food and drink companies based in New Jersey]]
[[Category:Companies based in Middlesex County, New Jersey]]
[[Category:Companies based in Middlesex County, New Jersey]]
[[Category:Economy of the Northeastern United States]]
[[Category:Economy of the Northeastern United States]]
[[Category:Supermarkets of the United States]]
[[Category:Supermarkets of the United States]]
[[Category:Retail companies established in 1946]]
[[Category:Retailers' cooperatives in the United States]]
[[Category:Retailers' cooperatives in the United States]]
[[Category:1946 establishments in New Jersey]]
[[Category:1946 establishments in New Jersey]]
[[Category:Retail companies based in New Jersey]]
[[Category:Retail companies based in New Jersey]]
[[Category:Cooperatives based in New Jersey]]

Latest revision as of 21:40, 8 December 2024

Wakefern Food Corporation
Company typePrivate
Founded1946; 79 years ago (1946) in Newark, New Jersey, U.S.
Founders
  • Lawrence Weiss
  • Sam Aidekman
  • Al Aidekman
  • Abe Kesselman
  • Leo Eisenberg
  • Dave Fern
Headquarters5000 Riverside Drive,
Keasbey, New Jersey
,
U.S.
Key people
Services
  • computer services
  • insurance
  • advertising
  • marketing
  • merchandising
  • procurement
RevenueIncreaseUS$20.1 billion (2024)[1][2][3]
Members48 (2023)[1][4]
Number of employees
~ 80,000 (2021)[4]
Divisions
Websitewww2.wakefern.com

Wakefern Food Corporation is an American company that was founded in 1946 and is based in Keasbey, New Jersey.[5] It is the largest retailers' cooperative group of supermarkets and the fourth-largest cooperative of any kind in the United States. Wakefern was the largest private employer in New Jersey in 2018, with 40,200 employees.[6] As of 2023, Wakefern has 48 member companies who own and operate 365 supermarkets,[1][7][2] under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, and Fairway Market brands in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, New Hampshire, and Rhode Island.[1][3][5]

History

[edit]

Meaning of the Wakefern name

[edit]

The name "Wakefern" is a portmanteau of the founders' names: W for Lawrence Weiss, A for Sam and Alex Aidekman, K for Abe Kesselman, E for Leo Eisenberg, and FERN for Dave Fern, although the company adopted the name ShopRite for its stores in 1951.

Cooperative overview

[edit]

Wakefern owns one of the Northeast's largest trucking fleets and is the fourth-largest cooperative in the United States.[8] In fiscal year 2016, its revenue was $16 billion, and $16.3 billion in 2017. In 2011, Supermarket News gave Wakefern its Retailer Excellence Award and both The Griffin Report and Progressive Grocer named Wakefern its Retailer of the Year. In 2012, the company was named one of the Best Places to Work in New Jersey by NJBIZ Magazine. As of 2011, Wakefern was ranked 17th by sales among all supermarket operators in the United States.

Wakefern also created and operates or franchises the Price Rite limited-assortment chain (based in Wethersfield, Connecticut) of stores in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Virginia. Dearborn Market is a supermarket in New Jersey. Readington Farms, Inc. processes and distributes milk products in New Jersey, Pennsylvania, Delaware, New York, Connecticut, Massachusetts, and Rhode Island.

On August 1, 2013, Wakefern added The Fresh Grocer banner, an eight-store chain based in Drexel Hill, Pennsylvania, when Burns Supermarkets joined the cooperative. One of the stores was converted to the ShopRite name while the others retained the Fresh Grocer name.[9] The banner has since been adopted by stores operated by other members of the cooperative.

Wakefern supplies all of its members' ShopRite stores as well as the Price Rite and Fresh Grocer chains, and Dearborn Market. In July 2007, the cooperative announced that for the first time it was offering its wholesale services to third-party supermarket operators, in the Northeastern United States and other areas of the country. Since then, Wakefern has announced deals to supply the Gristedes and Morton Williams chains of supermarkets in the New York City area, Heinen's Fine Foods chain in Ohio, as well as The Market Place in Bermuda.

Wakefern also provides its members' stores with services such as computer services, insurance, advertising, marketing, merchandising and procurement.[10]

Member stores include the publicly traded Village Super Market.[11]

As of 2023, Wakefern has a total of seven warehouses in New Jersey and Pennsylvania.

Mike Stigers became president of Wakefern effective June 1, 2023. Stigers had been CEO of Cub, a Minnesota-based grocery chain and subsidiary of publicly traded United Natural Foods.[12]

References

[edit]
  1. ^ a b c d https://njbiz.com/outgoing-wakefern-execs-pass-baton-to-new-president-chairman/. Retrieved 26 October 2023.
  2. ^ a b https://www.supermarketnews.com/retail-financial/wakefern-sees-sales-rebound-fiscal-2022. Retrieved October 28, 2022
  3. ^ a b c "Wakefern's fiscal 2021 sales dip after cycling pandemic-driven gains". www.supermarketnews.com. October 25, 2021. Retrieved October 29, 2021.
  4. ^ a b "Wakefern: Who we are". October 3, 2021.
  5. ^ a b "Village Super Market, Inc, Form 10-K, Annual Report, Filing Date Oct 12, 2017". secdatabase.com. Retrieved May 11, 2018.
  6. ^ "New Jersey Leading Employers". newjerseyalmanac.com. Retrieved September 17, 2021.
  7. ^ Redman, Russell (July 23, 2019). "Wakefern opens robotics-driven warehouse for online grocery". Supermarket News.
  8. ^ "2018 NCB Co-op 100" (PDF). National Cooperative Bank.
  9. ^ Brubaker, Harold (July 31, 2013). "Fresh Grocer to join Shop Rite's supplier, Wakefern Food Corp". The Philadelphia Inquirer. Retrieved September 29, 2019.
  10. ^ "Home page". Wakefern Corporation.
  11. ^ "Our Story". Village Supermarket.
  12. ^ Goldschmidt, Bridget (March 24, 2023). "Wakefern Names Mike Stigers Co-op's Next President". Progressive Grocer. Archived from the original on March 25, 2023. Retrieved March 25, 2023.
[edit]
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