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Wakefern owns one of the Northeast's largest trucking fleets and is the largest retailer-owned cooperative in the country. Wakefern also created and operates or franchises the PriceRite limited-assortment chain of stores throughout Connecticut, New York, Massachusetts, Rhode Island, Pennsylvania and California. PriceRite is a wholly owned subsidiary of Wakefern. The company supplies all of its members' ShopRite stores as well as the PriceRite chain. 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 the Gristedes and Morton Williams chains of supermarkets in the New York City area, as well as the Heinen's Fine Foods chain in Ohio. Wakefern also provides its members' stores with services such as: computer services, insurance, advertising, marketing, merchandising, and procurement. |