Introduction

Wakefern has been around before World War 2. In 1946, a sales representative introduced an idea to help small grocery stores to come together and offer a wide selection of low costing products. On December 5, 1946 seven owners of stores in New Jersey invested 1,000 dollars and started Wakefern Food Corporation. The company was very successful throughout their early careers. In 1958, they began using trading stamps that helped draw in more customers. After 15 years after they started they had over 70 members and were making over 100 million dollars in annual sales. Shoprite’s philosophy was their members had to buy right to shop rite. In the 1950s owners created their own brand of food. It was very successful having a cheaper product to compete with more expensive brands. Most of the stores are family owned and have been in their family for many generations. ShopRite are one of the largest in its industry and provide service to nearly five million people weekly. They have over two hundred stores between New Jersey, New York, Pennsylvania, Connecticut, Maryland, and Delaware

Joseph Colalillo is the Chief executive officer for Wakefern since 2005.Taking the place of Thomas Infusino and continuing to follow his long term strategy. He is also the owner of three Shoprites in Hunterdon County New Jersey. He has continued to work hard on the most critical issues like interchange fees, independent operators and wholesalers. Since taking over Joe has helped expand the business of wholesaling.

When it comes to helping out in the communities with poverty, education, and fundraisers Shoprite is always willing to help out. Shoprite has organized the Shoprite Partners in Caring Fund that help fights against hungry by donating food to local food drives. Partners in Training program assist underemployed by providing training to work in the supermarkets. For the past twenty years they have helped with the Special Olympics of New Jersey by donating food and also helping out with volunteer staff. I know from working at a local ShopRite near me that schools are always asking for donates and also coming to bag groceries to help raise money for their clubs. For risk management they have security and video cameras in all their supermarkets. They also have a loss prevention department which is men and women disguised as regular customers.

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