MarketFairway Market
Company Profile

Fairway Market

Fairway Market is an American grocery chain founded in 1933 by Nathan Glickberg in New York City. Following years of rapid growth, the chain experienced financial trouble after it was purchased by a private equity firm, and it filed for Chapter 11 bankruptcy in 2016. and again in 2020, when the chain dissolved and all but those four stores were closed. The brand was acquired by the Wakefern Food Corporation, whose flagship supermarket cooperative network is ShopRite. Four surviving stores continue to be operated by Wakefern cooperative member Village Super Markets, including the flagship location at Broadway and West 74th Street on the Upper West Side of Manhattan.

Sale to private equity
Sterling Investment Partners, a private equity firm in Westport, Connecticut, bought a controlling stake in Fairway Market in January 2007 and expanded the chain in the Greater New York area. Sterling made a $150 million capital investment in Fairway. In 2011, the chain had revenues of $550 million. Sterling's push for rapid growth outside Fairway's upscale base on Manhattan's Upper West and East Sides, which led to price hikes and declining quality, has been blamed for the chain's collapse. == History ==
History
in Paramus, New Jersey, 2009 The original Fairway Market at West 74th Street on Manhattan's Upper West Side was originally a produce shop. By 1997, it had expanded with a café that became a steakhouse at night. In 2011, Fairway opened two more locations: one on the Upper East Side of Manhattan, which opened on July 20, and the other in the Douglaston neighborhood of Queens, which opened on November 16. In 2012, Fairway Market opened three more locations: in Woodland Park, New Jersey, on June 6; Westbury, New York, on August 22; and Kips Bay in Manhattan in late December. In 2013, Fairway Market opened a location in Chelsea, Manhattan, and another at The Shops at Nanuet shopping mall in Nanuet, New York. As of 2020, all but five of these Fairway stores have either closed or sold to other retailers, including Amazon. • 2001: The company opened its first store outside the city in the Long Island community of Plainview. • 2006: The company opened its fourth store in Red Hook, Brooklyn. In July 2020 this store was sold to Bogopa Service Corporation to be reopened as a Food Bazaar supermarket. • 2009: On March 25, Fairway's fifth store opened in the Fashion Center shopping mall in suburban Paramus, New Jersey, taking up a majority of the mall's former interior space. This was the first Fairway store located west of the Hudson River and the first location ever to open in the entire state of New Jersey. In March 2020, it was announced that the Paramus location would close. The official closing date for the Paramus location was supposed to be May 15, 2020, but it was delayed to the summer of 2020 due to the effects of the COVID-19 pandemic. It was then replaced by an Amazon Fresh store. • 2010: On April 14, Fairway opened a new branch in a former Kmart in the Westchester County village of Pelham Manor, directly across the border with the Bronx. This became Fairway's third location in the New York City suburbs and sixth overall. Fairway opened its first Wine and Spirit store adjacent to the market. The second wine and spirit superstore was opened adjacent to the Stamford market. • 2010: In November, Fairway's seventh and largest location to date at over opened in Stamford, Connecticut. • 2011: Fairway opened a location on the Upper East Side of Manhattan on 86th Street, between Second and Third Avenues. • Fairway also opened a location in Douglaston, Queens in 2011. In July 2020 this store was sold to Bogopa Service Corporation to be reopened as a Food Bazaar supermarket. • 2014: Fairway Market opened a store in the DSW Plaza in Lake Grove, New York, on July 23, 2014. This store was the first Fairway Market location in Suffolk County on Long Island and the 15th food store in the metropolitan area. The company closed the store after only two years. • 2017: In January, Fairway opened a store in a Georgetown strip mall. In March 2020, the store was sold to Key Food for $5 million. In 2023, Fairway partnered with Instacart to launch a delivery service called Fairway Now that services three stores in the Manhattan area. In 2024, Village Supermarkets, which acquired Fairway Market in 2020, opened a new store in Old Bridge, N.J. that features departments borrowed from Fairway Market's banners in New York City. == References ==
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