New Jersey-based Nutley Park Shop-Rite, Inc. announced Friday its planned acquisition of the assets of Kearny ShopRite, Inc. from the Tully family. The planned sale of the Kearny store, along with Tully ShopRite Liquors, to new owners comes as operator Richard Tully retires from the supermarket business.
ShopRite is a retailer-owned cooperative, a group of independently-owned businesses that work together to share expenses and resources.
Richard Tully’s father, John Tully, opened his first market in Kearny in 1938 and joined the retailer-owned Wakefern Food Corp. cooperative in 1948. Tully was the first to put the name ShopRite on his store, as part of the cooperative. Richard grew up in the business and joined his father in running the supermarket in 1971. Richard’s wife Cheryl later joined him in the business and the two operated the family store and served the community for more than 50 years.
“ShopRite of Kearny and the Tully family have been dedicated to customer and community service for decades, and we are proud to continue those traditions as we welcome their store and associates into our family of supermarkets,” said Carol LoCurcio, owner of Nutley Park Shop-Rite, Inc. which operates the ShopRites of Belleville and Nutley, in a statement. “We wish Richard the best in his well-deserved retirement. We look forward to building on the legacy of service the Tully family has established in Kearny.”
The ShopRite of Nutley also has a long history of community commitment and membership in the Wakefern cooperative. Grocer Vincent LoCurcio, Sr. opened a Superette grocery store in downtown Nutley, New Jersey in 1953 and joined Wakefern one year later. The family opened a second store, the ShopRite of Belleville, New Jersey in 2013.
“We know the store is in good hands with Nutley Park ShopRite, Inc. and the LoCurcio family at the helm,” said Richard Tully.
The acquisition is expected to be completed in June 2023.
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