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IFMK - iFresh Inc
$1.58
-0.08(-4.82%)9:00:00 PM 3/2/2021
iFresh Inc., through its subsidiaries, operates a network of grocery supermarket chains in the north-eastern United States. It operates through Wholesale and Retail segments. The company provides vegetables, seafood, meat, fruits, snacks, seasonings, and spices, such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil, and chilly oil; tea, condiments, canned goods, flour products, marine food products, candies groceries, traditional Chinese medicine, health products, and dried food; rice and rice products; assortment of noodles, frozen vegetables, frozen dumplings, frozen seafood products, and aquatic products; and cooking utensils. Its brand portfolio includes Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, and I FRESH. The company also distributes its products to wholesale stores, retail supermarkets, and restaurants. As of August 10, 2020, it operated nine retail supermarkets and two in-house wholesale businesses. The company offers its products through online sales channels and delivery network in suburban areas. iFresh Inc. was founded in 1995 and is headquartered in Long Island City, New York.
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    11/24/2020IFMK
    iFresh Announces Fiscal Second Quarter 2020 Financial Results

    NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced the financial results for its fiscal second quarter ended September 30, 2020.For the second quarter 2020, the Company achieved total net sales of $24.2 million and gross profit of $4.8 million, a slight increase from the same quarter of 2019. The adjusted loss before income tax, depreciation and amortization was $2.4 ...

    09/17/2020IFMK
    iFresh Announces the Cancellation of Special Meeting of Shareholders

    NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that its Board of Directors has determined to cancel the special meeting of its shareholders scheduled for September 18, 2020 at which the Company had been intending to seek approvals by the shareholders of the Series A Share Exchange Proposal, the Series B Share Exchange proposal, the Nasdaq Proposal, and the ...

    08/28/2020IFMK
    iFresh Launches E-commerce Site in English

    Broadening Customer Base Through New PR CampaignNEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company launched its E-commerce site www.onlineifresh.com in English as part of its expansion efforts to reach out customers beyond the Chinese-speaking community. The Company has engaged Benvenuti Public Relations, a full-service public relations, marketing ...

    08/27/2020IFMK
    iFresh Announces Completion of Acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd.

    NEW YORK, Aug. 27, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, is pleased to announce that it has completed acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”), a technology company that engages in supply chain financial services, integrated payment systems, and prepaid card marketing systems (the “Acquisition”). As a result of the Acquisition, Jiuxiang has become ...

    08/24/2020IFMK
    iFresh Announces Positive Net Income for First Quarter 2020 and Anticipates Continued Success from Strategic Acquisition with Jiuxiang

    Achieved net income of $3.6 million in 2020 Q1 compared to net loss of $3.4 million in 2019 Q1NEW YORK, Aug. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has achieved positive net income in the first quarter ended June 30, 2020, and anticipates additional success due to the strategic acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd., the technology ...

    08/10/2020IFMK
    iFresh Announces Entry into Definitive Agreement to Acquire Jiuxiang Blue Sky Technology (Beijing) Co., Ltd.

    Acquisition will strengthen iFresh’s e-commerce business modelNEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has entered into an acquisition agreement (the “Agreement”) to acquire 100% of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”). Jiuxiang is a technology company that engages in supply chain financial services, integrated payment...

    08/5/2020IFMK
    iFresh Announces Joining United Nations Global Compact As Part of Its Sustainable Business Development

    NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has been accepted into the United Nations Global Compact. iFresh’s participation in the United Nations Global Compact is part of the Company’s commitment to developing a sustainable business while achieving long-term success in the grocery retail industry. The United Nations Global C...