Fareway Meat & Grocery

Fred’s on Wednesday reported its Q4 and FY2015 earnings, as well as the news that board chairman Michael Hayes would be stepping down, to be replaced with longtime director Thomas Tashjian.

New Rochelle, N.Y. - Welco Realty Inc., an XTeam partner, has signed an approximately a 50,000-sq.-ft. lease with supermarket chain Fairway Market at Georgetowne Shopping Center in Brooklyn. New York.

Welco represented both the landlord, Astoria Holding Corp., and tenant in this transaction.   

The CEO of Fairway says promotional and merchandising efforts affected traffic in the first quarter as the company posted a sharp decline in same store sales.

Fairway Market announced that Howard Glickberg, whose grandfather took a fruit and vegetable stand in New York and turned it into a 15-store grocery chain, is retiring.

Glickberg most recently served as vice chair of real estate development for Fairway. He will remain a member of the retailer’s board of directors, Fairway said. He worked with the company for more than 40 years, serving as its CEO until 2011.

New York -- Fairway Group Holdings announced that Dorothy Carlow will join the supermarket company as chief merchandising officer, effective Nov. 3. Carlow will lead the merchandising team and the company's buying and sales strategies.  

New York -- Fairway Group Holdings Corp. has named Jack Murphy, a veteran retail executive with strong experience in specialty food retailing, as CEO.

Murphy was a co-founder of natural foods grocer Fresh Fields, which was sold to Whole Foods Market. Most recently he served as CEO of Earth Fare, an organics and natural food chain with locations in the Southeast and Midwest.

Fairway has appointed Jack Murphy as CEO. Murphy was a co-founder of natural foods grocer Fresh Fields before it was sold to Whole Foods, and most recently served as CEO of Earth Fare, an organics and natural food chain with locations in the Southeast and Midwest.

Same-store sales declined again last year at Fairway Market and the company reported a record loss, but a new same-day delivery initiative with Google Express in Manhattan offers potential for omnichannel growth.