 | |
| Company type | Private |
|---|---|
| Founded | 1946; 79 years ago (1946) inNewark, New Jersey, U.S. |
| Founders |
|
| Headquarters | 5000 Riverside Drive,, U.S. |
Key people | |
| Services |
|
| Revenue |  US$20.7 billion (2025)[1][2][3] |
| Members | 48 (2023)[1][4] |
Number of employees | ~ 80,000 (2021)[4] |
| Divisions | |
| Website | www2 |
Wakefern Food Corporation is an American company that was founded in 1946 and is based inKeasbey,New Jersey.[5] It is the largestretailers' cooperative group ofsupermarkets and the fourth-largest cooperative of any kind in theUnited States. Wakefern was the largest private employer inNew 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 theShopRite,Price Rite Marketplace,The Fresh Grocer, Dearborn Market,Gourmet Garage, andFairway Market brands inNew Jersey,New York,Connecticut,Pennsylvania,Maryland,Delaware,Massachusetts,New Hampshire, andRhode Island.[1][3][5]
The name "Wakefern" is aportmanteau of the founders' names:W for Lawrence Weiss,A for Sam and Alex Aidekman,K for Abe Kesselman,E for Leo Eisenberg, andFERN for Dave Fern, although the company adopted the nameShopRite for its stores in 1951.
Wakefern owns one of theNortheast's largest truckingfleets 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 bothThe Griffin Report andProgressive Grocer named Wakefern its Retailer of the Year. In 2012, the company was named one of the Best Places to Work in New Jersey byNJBIZ 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 thePrice Rite limited-assortment chain (based inWethersfield, 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 addedThe Fresh Grocer banner, an eight-store chain based inDrexel 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 theGristedes andMorton Williams chains of supermarkets in the New York City area,Heinen's Fine Foods chain in Ohio, as well as The Market Place inBermuda.
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 ofCub, a Minnesota-based grocery chain and subsidiary of publicly tradedUnited Natural Foods.[12]
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