iFresh Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Ping Zhou
- Full Time Employees
- 276
- Sector
- Consumer Defensive
- Industry
- Grocery Stores
- Address
- 2-39 54th Avenue Flushing NY United States of America 11101
- IPO Date
- Jan 10, 2017
- CIK
- 0001681941
- Website
- ifreshmarket.com
- Similar Companies
- Business
- iFresh Inc. (IFMK) operates as an Asian/Chinese grocery supermarket chain and online grocer primarily in the northeastern United States, offering specialty food products hard to find in mainstream stores through its Retail and Wholesale segments; core products include fresh vegetables, seafood, meat, fruits, snacks, seasonings and spices such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil and chili oil, tea, condiments, canned goods, flour products, marine food products, candies, groceries, traditional Chinese medicine, health products, dried food, rice and rice products, noodles, frozen vegetables, frozen dumplings, frozen seafood, aquatic products and cooking utensils under brands including Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent and I FRESH. The company distributes these items to wholesale stores, retail supermarkets and restaurants while providing online sales channels and proprietary delivery networks in suburban areas targeting Asian-American consumers and broader markets seeking ethnic groceries. Founded in 1995 and headquartered in Flushing, New York, iFresh maintains operations across multiple retail locations in the region with approximately 300 employees. Recent developments include leadership changes with the election of Wenbin Mu as co-CEO in December of the prior year, the appointment of Min Xu to the board in October and the resignation of director Qiang Ou, alongside a 2022 master product supply agreement with Alibaba.com Singapore E-Commerce Private Limited to enable cross-border sales of American food products to China via Tmall Global, partnerships with Uber via subsidiary New York Mart for online grocery delivery in New York City, HungryPanda for perishable goods delivery and Yami for nationwide e-commerce expansion, following its delisting from Nasdaq in late 2021 and a shift to OTC trading.
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