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Nicholas Markets joins Wakefern cooperative

KEASBEY, N.J — Nicholas Markets, which operates four grocery stores in New Jersey, has become the 51st member of the Wakefern Food Corp. cooperative.

Owned by the Maniaci Family, Nicholas Markets operates stores under the Foodtown banner in North Haledon, Cedar Grove, Colonia and the Township of Washington, N.J. The stores will be rebranded as The Fresh Grocer, a Wakefern trademark. Currently there are nine The Fresh Grocer stores, eight located in the greater Philadelphia area and one located in Wilmington, Del.

Nicholas Markets was founded in 1943 by Rocco and Nicholas Maniaci, the grandfather and father of current Nicholas Markets president and chief executive officer David Maniaci.

“The competitive landscape in New Jersey has grown fierce in recent years,” Maniaci said. “I believe Wakefern’s deep roots in the state will help me navigate this and other challenges facing the supermarket industry.”

Maniaci added that Nicholas Markets is leaving the Foodtown cooperative at a time when it is strong and thriving, having seen significant growth to its membership base and store count over the past decade.

Wakefern chairman and chief executive officer Joseph Colalillo said Wakefern was “excited to welcome another member into our Wakefern family.”

“Nicholas Markets is a strong addition to our cooperative,” Colalillo said. “David and his associates are deeply committed to serving their communities and providing exceptional quality and fresh prepared foods to their customers.

Wakefern president and chief operating officer Joe Sheridan said that adding Nicholas Markets stores to The Fresh Grocer banner strengthens Wakefern’s competitive position in northern New Jersey.

“Membership in our cooperative allows independent operators to maintain their entrepreneurial spirit while benefiting from the scale and services Wakefern offers,” Sheridan said. “We look forward to welcoming the Maniaci family to Wakefern.”

The post Nicholas Markets joins Wakefern cooperative appeared first on MMR: Mass Market Retailers.



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