Iselin, NJ – Allegiance Retail Services, a leading member-owned grocery co-op, is excited to announce that four Peck’s Markets have joined the co-op through their parent company PSK Supermarkets. The sale of Peck’s Markets to PSK occurred September 2024, expanding PSK’s reach in New York State.
PSK Supermarkets, a member of the Allegiance co-op, currently operates 14 supermarkets in the New York City area, and Dutchess and Columbia Counties in New York State under the banners of Foodtown, Freshtown, and Pathmark. The addition of Peck’s Markets in Sullivan County, New York, brings PSK’s total markets to 18 under ownership and management.
Of note, both Peck’s Markets and PSK Supermarkets are employee owned through ESOPs – an Employee Stock Ownership Plan that is a retirement plan allowing employees to accumulate and own shares in the company they work for, which they can redeem for their cash value upon retirement.
Noah Katz, President and CEO of PSK, explained how the acquisition came about. “Peck’s CEO Lee Reimer approached us in the winter of 2023 regarding a possible sale of the four stores after a vote by more than 200 associates at Peck’s. They wanted to sell, but only to a company that would continue to provide a good working environment for its people with the possibility of growth.” Katz was told that Peck’s did not want to sell to a big box chain out of concern that the associates and communities they service would not be cared for in the same manner. When Reimer presented the opportunity to sell Peck’s to PSK, the vote was a unanimous yes vote, not a single associate voted no.
“Being able to pass on savings, Peck’s Markets will be able to compete with the major chains in the area,” said Katz. He further stated that PSK welcomed the Peck’s associates into the larger company and will maintain current local vendors and charitable relationships.
“The growth we are seeing among our members is a testament to the strength of the ARS co-op in terms of purchasing power, merchandising support, marketing and advertising services, IT support – POS and shelf label, and retail execution – category management and resets,” said Joseph Fantozzi, COO, President, Allegiance Retail Services. “As we grow, our purchasing strength grows through bargaining power, creating savings that can be passed on to customer – so important in today’s economic climate.”
Future plans for Peck’s Markets once they are fully transitioned include the implementation of new technologies and remodel plans.
The four Peck’s Market locations are:
Peck’s Market of Callicoon
9 Lower Main Street -CR133
Callicoon, NY 12723
Peck’s Market of Livingston Manor
29 Main Street
Livingston Manor, NY 12758
Peck’s Market of Jeffersonville
4897 State Route 52
Jeffersonville, NY 12748
Peck’s Market of Eldred
9 Proctor Road
Eldred, NY 12732
About Allegiance Retail Services LLC
Allegiance Retail Services, LLC supports independent supermarkets (e.g., Foodtown, Freshtown, D’Agostino, Gristedes, Morton Williams, Pathmark, LaBella Marketplace, Brooklyn Harvest, Market Fresh, Big Deal Food Market, Green Way Markets, Marrazzo’s Market, and Shop n Bag) for retail success by providing them with marketing, advertising, technological and merchandising support, as well as a full line of private label products, including Foodtown, Green Way and Rancher’s Legend. For more information, please visit www.allegianceretailservices.com
