Wakefern Food Corp. announces $14.7 billion in retail sales
Joseph S. Colalillo, Wakefern Food Corp.’s chairman and chief executive officer, and Joe Sheridan, president and chief operating officer, had good news for Wakefern’s shareholders, store management and staff at the company’s annual shareholder meeting in East Brunswick, NJ, Oct. 30.
The company reported that the cooperative had reached a record sales level of $ 14.7 billion in retail sales for the fiscal year ending Sept. 27, a 4 percent increase from the same period last year, and $ 11.9 billion in Wakefern sales. The cooperative opened six new ShopRite stores, five new Price Rite stores and six The Fresh Grocer stores during the same period. In addition, the company expanded its ShopRite from Home services to include 214 stores.
At the meeting, it was announced that four members have retired from the company’s board of directors: Rocco Cingari of Grade A Market Inc.; Bernard Kenny of Delaware Supermarkets Inc.; Joel Perlmutter of Perlmart Inc.; and James Sumas of Village Super Market Inc.
Four new members have been added to the board of directors, effective immediately: Jordan Coe of Waverly Markets LLC; Harry Garafalo of Milford Markets LLC; Nicholas Sumas of Village Super Market Inc.; and David Zallie of Somerset Stores LLC.
“The strength of our cooperative lies in the strength of our family businesses and their enduring commitment to their customers, which is handed down from generation to generation,” Colalillo said in a press release. “The decades of service, wisdom and expertise that Rocky, Bernie, Jim and Joel have brought to Wakefern will continue to guide us as we move forward as a company. They will remain active in their own companies and at the Wakefern committees on which they serve. We welcome our new members and look forward to their new perspective on our businesses and their contributions to future successes.”
“Year after year, Wakefern continues to grow and adapt to meet the needs of an ever-changing industry and an increasingly demanding customer,” Sheridan said. “After more than 65 years in this business, we rely on the lessons from past successes while always looking to the future for new and better ways to help our members succeed.”
Wakefern shareholders re-elected the following members to the board of directors: Joseph S. Colalillo as chairman and CEO; 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 and Steven Ravitz, assistant secretaries; as well as Robert Clare, Lawrence Collins, Jon Greenfield, Charles Infusino, Vincent Lo Curcio III, Leonard Sitar, Richard Tully and Richard McMenamin. Joe Sheridan was also re-elected as president and COO.