PROFILE |
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Started by seven men who each invested $1,000, Wakefern Food has grown into the largest supermarket cooperative in the US. The co-op is owned by more than 40 independent grocers who operate about 200 ShopRite supermarkets in Connecticut, Delaware, New Jersey (where it is a dominant chain), New York, and Pennsylvania. More than half of ShopRite stores offer pharmacies. In addition to name-brand and private-label products (ShopRite, Chef's Express, Reddington Farms), Wakefern supports its members with advertising, merchandising, insurance, and other services. Although the holdings of members range in size from one store to 32 (Big V Supermarkets), each member holds an equal voting share.
COMPETITION |
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The Great Atlantic & Pacific Tea Company, Inc. (GAP)
C&S Wholesale Grocers, Inc. (dossier)
Pathmark Stores, Inc. (PTMK)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 5,800.00
1-Yr. Sales Growth: 5.5%
Employees: 5,000
Revenue per employee: $1,160,000.00
KEY PEOPLE |
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Thomas Infusino
CEO
Ken Jasinkiewicz
CFO
CONTACT INFO |
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600 York St.
Elizabeth, NJ 07207
US
Phone: 908-527-3300
Fax: 908-527-3397
Online: Web Site
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