Iselin, New Jersey-based Allegiance Retail Services, a retailer owned co-op, held its annual member meeting June 28 at Upper Montclair Country Club. Daniel Katz, chairman, opened the meeting before turning it over to John T. Derderian, president and COO.
The meeting reflected on how the grocery industry has grown to accommodate changing consumer demands and the need for Allegiance Retail Services to continue to adapt to meet shoppers in digital spaces. Discussions focused on immediate challenges facing independent grocers and what they can expect in the years to come, given the current economic outlook and industry forecasts.
“As a cooperative, our members are uniquely positioned to grow their operations based on the strategic investments we have made in business intelligence and benefiting from the enhanced digital offerings we have worked tirelessly to implement and deploy,” Derderian said.
Important items of business included the election of the board of managers, and Foodtown board of directors, for the 2022-23 fiscal year. Board appointees were as follows: Katz as chairman, Louis Scaduto Jr. as vice chairman, Esmail Mobarak as treasurer, and John Estevez, Jason Ferreira, Michael Mignosi, Joseph Parisi, John Shakoor and Derderian.
Derderian announced the following promotions: Samer Rahman as VP, center store; Dean Holmquist as VP, perishables; and Kevin Komisky as senior director, store operations.
Katz remarked on the meeting, “The membership has embraced the new post-pandemic retail environment, and we are keenly aligned with the needs of the ever-changing consumer. We are extremely confident about the prospects of the Allegiance Cooperative in the future.”
Allegiance Retail Services supports independent supermarkets (such as Foodtown, Freshtown, D’Agostino, Gristedes, Pathmark, LaBella Marketplace, Brooklyn Harvest, Market Fresh, Big Deal Food Market, Green Way Markets and Shop n Bag) for retail success by providing them with marketing, advertising, technological and merchandising support, as well as a line of private label products, including Foodtown, Green Way and Rancher’s Legend.
For more information, visit allegianceretailservices.com.
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