Keasbey-based Wakefern hits record $20.7B in retail sales

Kimberly Redmond//October 20, 2025//

Wakefern Food Corp. held its annual shareholders’ meeting Oct. 16, 2025, in Parsippany. Shown is Mike Stigers, president. - PROVIDED BY WAKEFERN

Kimberly Redmond//October 20, 2025//

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The basics:

Wakefern reports $20.7B in fiscal 2025 sales, up 3.1% from last year
New stores opened under ShopRite, The Fresh Grocer banners
Acquisitions include Morton Williams, Di Bruno Bros.
Co-op expands AI, tech & community initiatives across the region

Wakefern Food Corp. is continuing a multiyear trend of revenue growth at its supermarkets across the Northeast.

During its Oct. 16 shareholder meeting, the Keasbey-based grocery reported sales of $20.7 billion for the fiscal year ending Sept. 27, a 3.1% increase from the prior year.

As a privately owned entity, Wakefern does not publicly release its financial results. However, according to information provided by the company, it recorded sales of:

2024: $20.1 billion
2023: $19.6 billion
2022: $18.6 billion
2021: $17.8 billion
2020: $18.3 billion (pandemic year)
2019: $16.6 billion

In addition to discussing financials, Wakefern’s leadership also celebrated accomplishments, such as the opening of four new supermarkets. That includes ShopRite stores in Old Bridge and Watchung, as well as The Fresh Grocer in Ringwood.

Village Super Market Inc. opened the new ShopRite of Old Bridge, located in the Glenwood Green Shopping Plaza at the intersection of Route 9 and Schulmeister Road, on March 17, 2024. – PROVIDED BY BML PUBLIC RELATIONS

Wakefern also recently acquired Morton Williams, an upscale grocery chain with 17 stores across New York City. That followed the 2024 purchase of Di Bruno Bros., a Philadelphia-headquartered grocer known for gourmet foods, cheeses and cured meats.

As part of an ongoing effort to enhance the in-store and online shopping experience, the co-op has added new wholesale customers this year, as well as continued to implement new technology and artificial intelligence.

Leadership noted that some Wakefern member companies have invested in building new supermarkets and remodeling existing stores, too.

‘Building a sustainable future’

Wakefern Chairman Sean McMenamin said, “We are embracing bold ideas, exploring new business models and seizing opportunities — all with a clear focus on building a sustainable future. The entrepreneurial spirit and bold thinking that established Wakefern nearly 80 years ago – building us into the largest retailer-owned supermarket cooperative – will continue to guide us in the future.”

Founded in 1946, Wakefern’s member companies independently own and operate more than 380 supermarkets under the banners of ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, Fairway Market, Morton Williams and Di Bruno Bros. Its footprint spans New Jersey, New York, Pennsylvania, Delaware, Massachusetts, New Hampshire and Rhode Island.

Wakefern President Mike Stigers added, “We’re focused on growing our brands and wholesale business and expanding market share— without losing sight of what makes us unique. We will continue to unlock our full potential and push the limits of what is possible while never taking our eye off our core business and family-owned member companies.”

Wakefern reaffirmed its commitment to the communities where its supermarket banners operate, too. The cooperative continued its fight against food insecurity through its signature hunger-fighting initiative, ShopRite Partners In Caring, and expanded its longtime partnership with the LPGA.

During the ShopRite LPGA Classic in Galloway last June, Wakefern and ShopRite gave out a record $1.8 million in grants to charitable organizations. They also launched new initiatives, including a scholarship program for students, more sponsorships for athletes on the LPGA Tour and a special TeamSmile dental care clinic in conjunction with Colgate that helped more than 140 local children.

ShopRite continued its decades-long tradition of supporting women’s golf and giving back to community-based organizations at this year’s ShopRite LPGA Classic Presented by Acer – donating a record $1.8 million to food banks, hospitals, education and youth programs and other community champions at its annual charity luncheon, held June 6, 2025. LPGA golfer Jennifer Kupcho (center) won the 2025 ShopRite LPGA Classic presented by Acer. – PROVIDED BY BML PR

Incoming board members

During the meeting, shareholders elected the following individuals to Wakefern’s board of directors:

Sean McMenamin chairman
Dominick Romano vice chairman
Marshall Klein treasurer
Lawrence Inserra Jr. and Patrick Burns assistant treasurers
Richard Saker secretary
Shawn Ravitz and Jordan Coe assistant secretaries

Sandra Brown, Thomas Cingari, Joseph Colalillo, Geoffrey Eickhoff, Harry Garafalo, Jon Greenfield, Andrew Kent, David Maniaci, Jonathan Slawsby, Leonard Sitar, John Sumas and David Zallie were picked to serve on the board, as well.

Privately owned firms

Wakefern Food Corp. once again topped the latest NJBIZ Top 250 Privately Owned Companies list. See who else made the ranking here.

Stigers was also appointed as president.

The meeting included presentation of a Chairman’s Award to Paul Patten, Wakefern’s group vice president of center store. An industry veteran, Patten is retiring after 43 years with the cooperative, Wakefern recently announced. His successor, Mark Van Buskirk, joined Wakefern last year as group vice president of the fresh division.

“Paul’s leadership and vision helped drive Wakefern’s success over the years, but his kindness, empathy, and humor have shaped his friendships and relationships in this industry. Paul is a reminder of how our people are always the most important part of our business,” said McMenamin.