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Close of 3 Nov 2026, in USD
About iFresh
Its shares trade under the ticker IFMK. It has been listed since 13 February 2017. In the fiscal year to 31 March 2020, it reported revenue of $89.5m and a net loss of $8.3m. At that date it held total assets of $99.3m and shareholders' equity of −$2.6m.
iFresh, Inc. engages in the management of grocery supermarket chain and online grocer. The company is headquartered in Long Island City, New York. The company went IPO on 2017-02-13. The firm offers seafood, vegetables, meat, fruit, frozen goods, groceries and bakery products through its stores. The firm operates through wholesale and retail segments. The firm operates its supermarket chain in the United States northeastern region with approximately nine retail supermarkets and one in-house wholesale facilities. The Company’s subsidiaries include NYM Holding, Inc.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Staples
- Industry
- Food & Staples Retailing
- Listed since
- 13 Feb 2017
- Employees
- 233
- Website
- ifreshmarket.com/en ↗
Leadership
Pay as last reported
- Ms. Ping ZhouChairman of the Board, Co-Chief Executive Officer, Chief Operating Officer, since 2020
- Mr. Wenbin MuCo-Chief Executive Officer, Director, since 2022
- Ms. Sufen QinChief Financial Officer, Director, since 2022
- Ms. Man ChanIndependent Director
- Mr. Qiang OuIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- iFresh Inc has a wide variety of products in its portfolio, ranging from fresh produce to seafood, meat, and pantry staples. This diverse product range allows the company to cater to various customer preferences and increase its market share.
- iFresh Inc has built a strong brand reputation within its target market. The company is known for providing high-quality, fresh products and has created a loyal customer base. This positive brand perception gives iFresh an advantage over its competitors.
- iFresh Inc strategically locates its stores in areas with high population density and a significant Asian community. By targeting specific demographic segments, the company can effectively meet the needs of its target customers and generate higher sales.
Weaknesses
- iFresh Inc mainly operates in select regions, limiting its geographic presence compared to larger grocery chains. This limitation reduces the potential customer base and may hinder the company's growth opportunities.
- The grocery industry is highly competitive, with numerous established players and local supermarkets. iFresh Inc faces intense competition, which puts pressure on its market share and profitability. To thrive, the company needs to differentiate itself and stay ahead of competitors.
Opportunities
- As the population becomes more diverse, there is an increasing demand for ethnic foods. This presents iFresh Inc with an opportunity to expand its product offerings and capture a larger customer base by providing a wide range of Asian and other ethnic food products.
- The growing trend of online shopping opens avenues for iFresh Inc to expand its e-commerce presence. By investing in online platforms and delivery services, the company can reach a wider customer base and enhance convenience for its customers.
Threats
- Price competition in the grocery industry poses a threat to iFresh Inc. Larger supermarket chains and discount stores often offer lower prices, which can attract price-sensitive customers away from iFresh. The company needs to emphasize its unique value proposition to mitigate this risk.
- Consumer preferences and buying behaviors are constantly evolving. iFresh Inc faces the threat of losing customers if it fails to adapt to changing trends or meet new demands. Staying updated with consumer preferences and offering innovative products and services is crucial to stay competitive.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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