Until the early 1990s, the sale was held in the second and third weeks of January but expanded to the entire month. In 1971, ShopRite introduced their Can-Can Sale, where canned goods (and eventually other products) were placed on steep discounts, and is held in January. The "Can-Can Sale" ShopRite location in Rochelle Park, New Jersey, owned by Glass Gardens Wakefern and its cooperative members acquired nine Pathmark locations along with several other former A&P banners with the intention of opening ShopRite, Price Rite and The Fresh Grocer locations. A&P filed for bankruptcy and sold or liquidated its stores in 2015, including approximately 150 Pathmark stores. A&P ran Pathmark as a division, but was unsuccessful in turning around the banner's fortunes. The Pathmark chain was sold to A&P in 2007. On November 23, 2000, Big V Supermarkets, which operated 39 ShopRite stores in New Jersey and New York, filed for Chapter 11 bankruptcy and announced that several ShopRite stores would close. At the same time, ShopRite stores were being replaced and rebuilt, stealing market share away from Pathmark. A highly leveraged management buy-out in the late 1980s left Pathmark saddled with too much debt, and the supermarket chain had no cash to fix up its stores, or invest in lower prices. By the late 1970s, the volume lost from Supermarkets General's departure was restored.įor many years, ShopRite and Pathmark were extremely competitive on price in the New York Metro area, and each one had its loyal customer base. The surviving Wakefern members increased their efforts, adopting the management tenet of "one member, one vote," and actively expanded. The Supermarkets General stores became Pathmark in 1968. One large member, Supermarkets General, pulled out of Wakefern in the late 1960s, halving the number of stores. The breakaway of Supermarkets General 1975–2002 ShopRite logo, still in use at some supermarkets By 1961, ShopRite had 70 members, totaling $100 million in annual sales. The move was successful, drawing customers and helping create more ShopRite stores. In 1958, ShopRite cut prices by 10% as an alternative to giving away trading stamps, which other supermarkets in New Jersey were doing. Seven of the grocers agreed, paying $1,000 each to launch Wakefern Food Corp., which was incorporated on December 5, 1946. The Del Monte representative suggested the grocers try cooperative buying. The grocers were having problems getting reasonable prices for wholesale goods. ShopRite originated in 1946, when a Del Monte Foods sales representative talked to independent grocers in Newark, New Jersey. History Early beginnings 1951–1975 ShopRite logo In a 2022 survey by Newsweek, ShopRite was named the “Most Trusted Grocery Retailer” in the Northeast. As of 2011, Wakefern was ranked 17th by sales among all supermarket operators in the United States. Since 2011, ShopRite is also the largest retailer of food in Greater Philadelphia, pushing long-dominant Acme Markets to second place and, in 2013, to third place. ShopRite has been the largest food retailer in New Jersey for close to 70 years and is also number one in the entire New York metropolitan area. The Saker family owns and operates the most ShopRite stores in the cooperative (40) throughout Monmouth, Ocean & Mercer counties in New Jersey. The average Wakefern member operates six stores. Several Wakefern members own and operate single ShopRite stores, while most own multiple locations. Wakefern itself owns and operates 28 of the locations through subsidiary ShopRite Supermarkets. ShopRite is an American retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania.īased in Keasbey, New Jersey, ShopRite consists of 50 individually owned and operated affiliates with over 300 stores, all under its corporate and distribution arm, Wakefern Food Corporation.
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