PriceRite was founded in 1954 as a small, neighborhood food market. The company was purchased by the Wakefern Food Corporation in the early 1990’s.
The company operates a chain of limited assortment supermarkets, similar to Aldi’s, in 10 states. Currently, there are 64 locations that are still owned by Wakefern, with many of the new stores being located in New Jersey. In 2008, the company opened its first PriceRite Marketplace in Providence, Rhode Island. The 55,000 square foot store offers far more services than the regular PriceRite Supermarkets, including an organic line of produce, a fresh-roasted peanut stand, as well as a deli and seafood department.
PriceRite Supermarkets, along with PriceRite Marketplaces operate as subsidiary’s of Wakefern Food, with headquarters in Keasbey, New Jersey.