Fairway Supermarkets Approaching Bankruptcy, Report Says
One of the two Fairway markets in the Hudson Valley has already closed.
By Lanning Taliaferro, Patch Pelham NY
Jan 3, 2020
PELHAM, NY — New York City-based supermarket chain Fairway is approaching another bout with bankruptcy, according to reports. The supermarket company may be forced to declare bankruptcy, the New York Post reported. That could result in the closure of its network of 14 stores including in Pelham.
Sources with information on the company's financial situation told the Post "this could be a liquidation instead of a reorganization."
The Fairway supermarket in Nanuet closed in September, an early victim of the grocery company's woes because it was a victim of the national retail crisis being played out locally at the Shops at Nanuet. SEE: Fairway Market Closing In Nanuet.
The Shops at Nanuet opened in 2013. The 65,000-square-foot Fairway was an anchor for the 750,000 square foot open-air shopping center along with Sears and Macy's. Both of them closed earlier in 2019 as the country's retail crisis continued to play out in the Hudson Valley.
Fairway's only stores in the Hudson Valley were in Nanuet and Pelham. There are two other stores in the New York-based chain close to Rockland: in Paramus and Woodland Park...