iFresh Partners with E-commerce Platform Yami to Extend Online Marketplace Business
08 Avril 2021 - 2:30PM
iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading
Asian American grocery supermarket chain and online grocer, today
announced that it is partnering with Yami (formerly Yamibuy), an
e-commerce platform based in Los Angeles, CA. This partnership
extends iFresh’s fresh grocery, food products, and snack sales to
Yami extensive nationwide network beyond iFresh’s current market
through Yami’s direct-to-customer platform. The Company expects
that the partnership will provide Yami’s customers with the
opportunity to purchase iFresh products.
The two parties have laid out necessary groundwork and
preparation since November 2020, and diligently prepared for the
launch this year. Starting on March 9th, 2021, Yami has made
iFresh’s varied selection of groceries, snacks, and other products
accessible to its consumers in New York area at yamibuy.com. With
the consumer demand increasing, the delivery service is expected to
be extended to customers in other regions that iFresh operates
stores, including Boston, Maryland, and Florida.
Mr. Long Deng, Chairman of iFresh, commented, “We are excited to
collaborate with Yami, one of the largest online retailers for
authentic Asian snacks, beverages, groceries, cosmetics, and home
goods in North America. It will help us to further increase our
customer base and sales of our products.”
He continued, “iFresh has long been a leading Asian supermarket
chain. Because this partnership allows us to integrate an online
marketplace into the e-commerce experience, Yami is an ideal
partner to cooperate with. It facilitates our ability to provide
daily essential needs and fresh groceries to its customers in Asian
community. We are enthusiastic about the market opportunities we
will jointly explore.”
About Yami
Founded in 2013, Yami is the largest online retailer for Asian
goods & groceries in North America. Headquartered in Brea,
California, Yami carries over 200,000 SKUs from across Asia-Pacific
and operates independently out of 450,000 square feet warehouses
with proprietary automated logistic systems. Yami is dedicated to
providing a wide selection of snacks, beverages, cosmetics,
apparel, electronics, books, kitchen & home goods through
partnerships with leading Asian brands such as LOTTE, HAITAI,
SHISEIDO, XIAOMI, POLA etc. With over 2 million active users, Yami
is committed to connecting people with authentic Asian food,
beauty, home, and wellness experiences through its eCommerce
platform, iOS and Android apps.
For more information about Yami, please refer to Yami’s company
website at https://www.yamibuy.com.
About iFresh, Inc.
iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City,
New York, is a leading Asian American grocery supermarket chain and
online grocer on the east coast of U.S. With nine retail
supermarkets along the US eastern seaboard (with additional stores
in Glen Cove, Miami and Connecticut opening soon), and one in-house
wholesale business strategically located in cities with a highly
concentrated Asian population, iFresh aims to satisfy the
increasing demands of Asian Americans (whose purchasing power has
been growing rapidly) for fresh and culturally unique produce,
seafood and other groceries that are not found in mainstream
supermarkets. With an in-house proprietary delivery network, online
sales channel and strong relations with farms that produce Chinese
specialty vegetables and fruits, iFresh is able to offer fresh,
high-quality specialty produce at competitive prices to a growing
base of customers. For more information, please visit:
http://www.ifreshmarket.com/.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements may be
identified by the use of words such as "anticipate", "believe",
"expect", "estimate", "plan", "outlook", and "project" and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements include timing of the proposed
transactions; the business plans, objectives, expectations and
intentions of the parties once the transactions are complete, and
the Company’s estimated and future results of operations, business
strategies, competitive position, industry environment and
potential growth opportunities. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, our actual results may differ materially
from our expectations or projections. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
All information provided in this press release is as of the date
hereof. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC. IFMK's SEC filings are available
publicly on the SEC's website at www.sec.gov. IFMK disclaims
any obligation to update the forward-looking statements, whether as
a result of new information, future events or otherwise.
For more information, please contact:At the Company:
iFresh, Inc.
Email: carrie@ifreshmarket.com
iFresh (NASDAQ:IFMK)
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