From Pharmacy To Mega Stores: The History Of ShopRite
ShopRite is a retailers’ cooperative of supermarkets and pharmacies with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania. The Shoprite Pharmacy provides services such as flu shots, immunization, pet medicine, auto-refill program, and specialty pharmacy services.
Looking for the perfect pharmacy for your next vaccine shot, or want to keep your pet healthy by providing the right medicine they need. You can definitely check Shoprite Pharmacy hours to know more about their products and operating hours.
The company based in Keasbey, New Jersey, consists of 50 individually owned affiliates with over 300 stores, all under its corporations. Several Wakefern members own and operate single ShopRite stores, while most own multiple locations. The average Wakefern member operates six stores.
ShopRite’s Emergency and Success
Shoprite has been one of the most popular brands in both Nigeria and African countries. Christoffel Wiese is the founder and largest individual shareholder in Shoprite and undoubtedly one of the leading entrepreneurs on the continent. He owns 10.7% of shares in Shoprite Holdings according to Market Watch.
ShopRite originated in 1946 when a Del Monte Foods sales representative talked to independent grocers in Newark, New Jersey. The grocers were having problems getting reasonable prices for wholesale goods. The representative suggested the grocers try cooperative buying. Seven of the grocers agreed; paying $1,000 each to launch Wakefern Food Corp., which was incorporated on December 5, 1946. In 1951, the name ShopRite was created.
In 1958, ShopRite cut prices by 10% for their products than other supermarkets in New Jersey. The move was successful and attracted a large number of customers which helped ShopRite to open new stores. By 1961, ShopRite had 70 members, with a whopping $100 million in annual sales.
ShopRite’s Social Works
They work hard to provide hunger relief to communities in need. Shoprite fights hunger by providing immediate relief through mobile soup kitchens; donating surplus food for local, verified beneficiaries; offering disaster relief and providing necessary goods after disasters, and supporting community food gardens across Africa to help people with needs live more sustainable lives.
They also partnered with early childhood development (ECD) centers and practitioners making a difference in their communities by focusing on the development of children in their care. To support them, they provide funding and resources which help to provide adequate nutrition and education for children during this critical developmental stage.