NEW YORK, Jan. 15, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that the Company’s 100% owned subsidiary New York Mart North Miami Inc. (“NYM N. Miami”) is expected to soon open its new location at 551 NE 167th Street in North Miami. The supermarket is expected to have the grand opening ceremony will be held on February 7, 2020.
Located in the heart of a densely populated metro area with a large Asian demographic, the new 30,000 square foot supermarket has undergone almost four years of construction and renovation to accommodate a wide variety of commercial spaces. The new iFresh location will be the largest supermarket in the area, offering a diverse selection of specialty Asian foods, snacks, beverages, and household goods. The supermarket will also feature a wide selection of locally sourced and seasonal produce and goods. NYM N. Miami plans to lease additional planned commercial space to to local businesses, and thus far has leased a portion of the space to local businesses including a spa, a Chinese tea store, and liquor stores. With seven food vendors within the supermarket, we are hoping to make the new iFresh location a staple to many shoppers in the area with a large variety of offerings as well as a commitment to high standards.
Mr. Long Deng, Chief Executive Officer and Chairman of iFresh, commented: “I am excited to announce the grand opening of a new iFresh location in North Miami. This is by far the largest investment in one supermarket that we have made, with over USD 8 million invested in total. We are committed to creating a multi-purpose destination to elevate the shopping experience for our customers where shopping, dining, and leisure will be provided with an array of quality choices.”
About iFresh, Inc.
iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening soon), and two in-house wholesale businesses strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers. For more information, please visit: http://www.ifreshmarket.com/.
