Wakefern, AWG Top NCB Co-op 100 Report
The National Cooperative Bank has released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses. In 2015, these businesses posted revenue totaling approximately $223.8 billion.
Considered one of the list’s “main sectors” is grocery, in which Wakefern Food Corp./ShopRite, based in Keasbey, New Jersey, reported $15.5 billion in revenue and earned the No. 2 overall ranking on the list. Coming in second on the list’s grocery sector is Kansas City, Kansas-based Associated Wholesale Grocers, which reported $8.9 billion and took the No. 5 position in the overall rankings.
“The economic impact of cooperatives is critical to our economy,” said Charles E. Snyder, president and CEO of National Cooperative Bank. “The cooperative business model can be seen in just about every industry across America, from local food to finance to housing and energy. Cooperatives remain a trusted, viable and successful business model. They create jobs and build community. Cooperatives ‘Build a Better World.’ That’s not only something to be proud of—it’s just good business.”
Other grocery cooperatives making the list include:
No. 11: Unified Grocers
No. 21: Associated Food Stores
No. 22 Central Grocers
No. 30: Affiliated Foods Midwest
No. 49 URM Stores
No. 79: Piggly Wiggly Alabama
No. 83: Associated Grocers of Florida
No. 84: Associated Grocers (Baton Rouge)
