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Wakefern brings CB4 to ShopRite and Price Rite Marketplace Stores to drive sales and meet demand

Wakefern brings CB4 to ShopRite and Price Rite Marketplace Stores to drive sales and meet demand

New York, Sept. 14, 2021 -- CB4 and Wakefern Food Corp. announced plans for expanding Cb4 technology to additional stores after successful rollout in several ShopRite and Price Rite stores. The CB4 app uses artificial intelligence (AI) and machine learning to improve sales, save time and monitor the products.

Wakefern is the largest retailer-owned cooperative in the United States. Nearly 50 members own and operate 362 retail stores under banners like ShopRite and Price Rite Marketplace. Wakefern first piloted the CB4 app in 2020.

"Our initial test of CB4 at several ShopRite supermarkets helped us complete our existing operations without burdening our store teams," said Cheryl Williams, Chief Information Officer, Wakefern. We're pleased to expand CB4 throughout ShopRite and Price Rite Marketplace and anticipate much success.

The CB4 solution can be used for a long time by owner, allowing shoppers to track prices, out-of-stock items, inventory discrepancies and other common back end issues.

The CB4 app enables the stores to list unique SKUs with respect to their individual selling patterns and operations to prevent stock discrepancies that can hold back replenishment and sales. The technology allows store teams to make quick fixes like updating inventory management, printing a new label or taking items out of back stock. These quick adjustments can help meet demand for the customer and increase sales.

"COVID-19 has beenand is stilla challenge and an opportunity for brick and mortar retail. Stores are very busy and supply issues can be difficult, so it can sometimes be hard to find what needs attention. Now it is time to get on with the move. Yoni Benshaul, CB4's Chief Executive Officer, said. "Wakefern's results using CB4 to solve this challenge are amazing to see."

About CB4The NY-based technology firm is rapid advancing in a world where business intelligence solutions no longer meet retailer's everyday needs. Customers like Kum & Go, Levi's and Associated Food Stores are fans of CB4 because it doesn't slow them down with irrelevant stale insights. Only sending stores after a thing can add significant revenue now. Other leading grocery, convenience, specialty and apparel retailers adopted CB4, tripled the number of stores using Cb4 between 2020 and 2021.

With offices in New York, Tel Aviv and London, CB4 is a proud partner of Sequoia Capital. Please visit: For more information on our solution, visit the following page. https/ email, or email [email protected] .

ContactMatthew McAlister, 347.819.1900 [email protected]


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