Wakefern Food sales up 6.7% in FY2015

EAST BRUNSWICK, N.J. – Wakefern Food Corp. on Thursday reported record sales of $15.7 billion for the 53 weeks ended Oct. 3, representing a 6.7% increase. 

 

“Our customers have different expectations of us today, and we need to meet those expectations," stated Joseph Colalillo, Wakefern chairman and CEO. "We are going to deliver that customer experience by uniting around our purpose and bringing our values to life in our stores.” 

 

“Our world is rapidly evolving and we are transforming with it,” noted Joe Sheridan, president and COO of Wakefern Food. “We’re optimizing our brick and mortar experience, accelerating our digital platforms and engaging our associates to deliver the ultimate customer experience.”

 

Colalillo also announced the retirement of two longtime members from Wakefern’s board of directors: Steve Ravitz, president of Supermarkets of Cherry Hill, and Kenneth Capano, president and CEO of Five Star Supermarkets. “We thank Steve Ravitz and Ken Capano for their decades of service, wisdom and expertise on the board. Both men will remain active in their own companies and with the cooperative,” said Colalillo, who also welcomed new board members Neil Greenstein, president of Brookdale ShopRite/ShopRite of Newark, and Marshall Klein, VP and COO of Klein’s Shoprite of Maryland.

 

The cooperative opened five new ShopRite stores and four Price Rite stores in the year.