From the A&P bankruptcy that shuttered grocers across New York City and beyond, to Chapter 11 filing of homegrown supermarket Fairway to a neighborhood rally to save a Chelsea supermarket, the local grocery business has been upended by rising rents and increased competition.
But amid the tumult, one small player, Mrs. Green’s Neighborhood Market, says it plans to grow further here after opening a store in the West Village last August. Its Westchester County-based parent company, Natural Markets Food Group, plans to expand its Mrs. Green footprint into Manhattan and Brooklyn, with plans to open two or three more stores in the next 18 months.
“It’s a very competitive market, but I think that what our company does is build smaller stores in neighborhoods that don’t have a store that is like what we have,” Pat Brown, chief executive officer of Natural Markets Food Group based in Irvington, New York, told the New York Business Journal. He wouldn’t say where the local stores might be, adding that they’re negotiating leases.
To read the rest of the story, please go to: New York Business Journal
