Allegiance Retail Services says that four Peck’s Markets have joined its member-owned grocery cooperative 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, according to a news release.
PSK Supermarkets, a member of the 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 release said. The addition of Peck’s Market in Sullivan County, N.Y., brings PSK’s total markets to 18 under ownership and management.
Both Peck’s Markets and PSK Supermarkets are employee-owned through employee stock ownership plans that are 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, the release said.
“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,” PSK President and CEO Noah Katz said. “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.”
According to the release, 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, and when Reimer presented the opportunity to sell Peck’s to PSK, the vote was a unanimous yes vote.
“Being able to pass on savings, Peck’s Markets will be able to compete with the major chains in the area,” Katz said, adding that 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, chief operating officer and president of Allegiance Retail Services. “As we grow, our purchasing strength grows through bargaining power, creating savings that can be passed on to customers — so important in today’s economic climate.”
The release stated that plans for Peck’s Markets, once they are fully transitioned, include the implementation of new technologies and remodeling plans. The four Peck’s Market locations include:
• Peck’s Market of Callicoon, 9 Lower Main St. in Callicoon, N.Y.
• Peck’s Market of Livingston Manor, 29 Main St. in Livingston Manor, N.Y.
• Peck’s Market of Jeffersonville, 4897 State Route 52 in Jeffersonville, N.Y.
• Peck’s Market of Eldred, 9 Proctor Road in Eldred, N.Y.
