Retailer-owned cooperative Wakefern Food Corp. announced a new member - Madison Foods, a third-generation family grocery business, has joined the Wakefern cooperative with plans to convert three Save A Lot stores to Price Rite Marketplace stores in Massachusetts.
According to the story, the Slawsby family "will begin converting their Save A Lot stores to Price Rite Marketplace – a registered trademark and banner of Wakefern Food Corp. -- in the coming weeks."
The three stores being rebranded are in Roslindale, Roxbury, and Brockton. The family also plans to open a new Price Rite Marketplace in Dorchester next month.
There currently are more than 60 value-driven Price Rite Marketplace stores in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Maryland.
- KC's View:
I think most folks would agree that this is a step up for Madison Foods, and that the Price Rite format is superior to most versions of the Save-A-Lot formula, which usually seems to be a pale imitation of the like of Aldi. And you can't get a much better partner as an independent than Wakefern.