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Is Whole Foods Ruining Business for Fairway Market?

Is Whole Foods Ruining Business for Fairway Market?


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The New York-based grocery store might be facing tough competition from Whole Foods Market

This is the Fairway Market in Red Hook, Brooklyn and there is a Whole Foods nearby in Gowanus.

Fairway Market is facing a drop in sales and it may be because of Whole Foods Markets opening in the area, according to Crain's New York.

This isn’t the first report of bad news for Fairway. Crain’s reported in January that falling share prices were hurting the Tri-State grocery (there are 15 Fairway Markets in New York, New Jersey, and Connecticut). Now, its struggles may be because Whole Foods Market is opening stores nearby.

Crain’s observed that sales at Fairway’s Upper East Side location fell 15 percent in February after Whole Foods opened nearby. There were similar results when Whole Foods opened in Gowanus, Brooklyn, near the Fairway in Red Hook. Overall sales dropped 5.3 percent at the end of the second quarter.

Of course, Whole Foods is not the only competition for Fairway, whose first store opened in 1954 on Manhattan’s Upper West Side and is best known for offering hard-to-find imported products. Trader Joe’s and Wegmans are also opening more stores in New York City.

Fairway’s is trying to make a comeback by offering promotions for customers who provide their mobile numbers.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.


Fairway Locations To Remain Open Despite Bankruptcy Filing

NEW YORK (CBSNewYork) — Fairway Market locations will be operating as usual today, despite financial problems.

The gourmet grocer filed for bankruptcy protection this week, after reaching a restructuring deal with creditors, CBS2 reported.

According to a statement released by Fairway, the company plans to restructure the business in accordance to a Chapter 11 reorganization policy.

The company intends to keep business as usual throughout the process and plans to keep their 15 Tri-State locations open.

The company was reassuring devoted shoppers earlier this week.

You won't miss them- they're not going anywhere. And neither are we. Thank you for your continued support & loyalty! https://t.co/qagUkPimGE

&mdash Fairway Market (@FairwayMarket) May 3, 2016

Fairway — once one of the leading gourmet grocers in New York City — has been facing competition from other specialty stores in recent years, as big name stores like Whole Foods and Trader Joe’s grew in popularity.