The Company operates a chain of 23 ShopRite supermarkets in New Jersey and eastern Pennsylvania. The Company is a member of Wakefern Food Corporation, the retailer-owned food cooperative in the United States.
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I live in NJ and never realized shop-rite was a publicly traded supermarket. I used to work there in high school. Anyway, they have the finest deli meats and just good quality food. Its just as packed as the whole foods market and not nearly as expensive. With a PE less than 14 and gobs of cash this is a promising company.