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The Torrington, Connecticut, Price Rite was a former ShopRite store that had sat unused for almost 10 years before it was opened as Price Rite. In 2005, a Price Rite store was opened in Azusa, California , in partnership with K.V.Mart Co., which is an independent supermarket operator in southern California.
As of 2023, Wakefern has 48 member companies who own and operate 365 supermarkets, [1] [7] [2] under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, and Fairway Market brands in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, New Hampshire, and Rhode Island. [1] [3] [5]
The new ShopRite of Old Bridge will be open 24 hours a day, seven days a week.
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The company is a member of the Wakefern retailers' cooperative and does business as ShopRite and PriceRite. Inserra Supermarkets is headquartered in Mahwah, New Jersey, and operates approximately 23 stores. It is a family-owned business and is one of the 500 largest private companies in the United States. [1]
ShopRite is an American retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania.. Based in Keasbey, New Jersey, ShopRite consists of 50 individually owned and operated affiliates with over 300 stores, all under its corporate and distribution arm, Wakefern Food Corporation.
In 1906 the first "W. T. Grant Co. 25 Cent Store" (equal to $8.75 today) opened in Lynn, Massachusetts.Modest profit, coupled with a fast turnover of inventory, caused the stores to grow to almost $100 million (~$1.73 billion in 2023) annual sales by 1936, the same year that William Thomas Grant started the W. T. Grant Foundation.