Wakefern Food Corp. Announces $13.6 Billion in Retail Sales

Keasbey, NJ (October 25, 2012) – Wakefern Food Corp.’s chairman and CEO, Joseph S. Colalillo, and president and COO Joe Sheridan, addressed Wakefern’s membership, store management and staff at the company’s annual meeting in East Brunswick, New Jersey on October 25, 2012.

The company reported that it had reached a record sales level of $13.6 billion in retail sales for the fiscal year ending September 29, 2012, a 6.4 percent increase from the same period last year, and $10.1 billion in warehouse sales. The cooperative opened ten new ShopRite stores and one new PriceRite store during the same period.

“We continue to be successful, in spite of tough competition and an even tougher economy,” stated Mr. Colalillo. “Our success hinges on our family-owned businesses and their ability to focus on our customers – meeting, and exceeding, the unique demands of the different marketplaces in which we operate.”

Also at Thursday’s meeting, Wakefern shareholders re-elected to the Board of Directors: Joseph S. Colalillo as chairman; James Sumas, Larri Wolfson and Irv Glass as vice chairmen; Lawrence Inserra, Jr., treasurer; Richard Saker, Jeffrey Brown and Kenneth Capano as assistant treasurers; Dominick J. Romano as secretary; Ned Gladstein, Joel Perlmutter and Steven Ravitz, assistant secretaries; Rocco Cingari, Robert Clare, Lawrence Collins, Jon Greenfield, Charles Infusino, Bernard Kenny, Vincent Lo Curcio III, Leonard Sitar, Richard Tully and Richard McMenamin.

Joseph Sheridan, president and COO, was also re-elected as an operating officer. ###

About Wakefern Food Corp.

From a small, struggling cooperative with eight members – all owners of their own grocery stores – Wakefern Food Corp. has grown into the largest retailer-owned cooperative in the United States. Founded in 1946, the cooperative is comprised of 48 members who today individually own and operate nearly 250 supermarkets under the ShopRite banner in New Jersey, New York, Connecticut, Pennsylvania, Maryland and Delaware. In 1996, Wakefern introduced PriceRite stores, extending the company’s reach into Rhode Island and Massachusetts. Today, there are 50 PriceRite stores in six states. As the merchandising and distribution arm of both ShopRite and PriceRite, Wakefern, together with its member companies, employ more than 50,000 people; making it one of the largest employers in New Jersey. In addition, Wakefern also distributes products to other supermarkets throughout the northeastern United States and Bermuda. Wakefern was recently named one of the Best Places to Work in NJ by NJBIZ Magazine. In 2011, Supermarket News gave Wakefern its Retail Excellence Award and The Griffin Report named Wakefern its Retailer of the Year. For more information, please visit www.Wakefern.com.