iFresh Announces Joining United Nations Global Compact As Part of Its Sustainable Business Development
August 05 2020 - 8:30AM
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 Compact is a global network of over
9,500 companies and 3,000 non-business signatories dedicated to
building a sustainable future. As the world’s largest corporate
sustainability initiative, the United Nations Global Compact is
leading worldwide transformation by challenging and enabling the
organizations to take more ambitious action on sustainable
development goals.
Mr. Long Deng, Chairman of iFresh, commented, “We are honored to
partake in the United Nations Global Compact initiatives and
leverage collaboration through the global network to develop trade
business opportunities. iFresh has a strong purpose of making the
community we serve a better place. Earlier this year, our stores
adopted a policy of gradually restricting single-use plastic
grocery bags and to encourage all customers to use reusable bags
and eliminate the need for a paid bag. We are determined to take
additional action to solve environmental concerns and build a
sustainable retail business model to reduce our environmental
impact.”
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 two in-house
wholesale businesses 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/.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
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: herinyin@newyorkmart.com
iFresh (NASDAQ:IFMK)
Historical Stock Chart
From Mar 2024 to Apr 2024
iFresh (NASDAQ:IFMK)
Historical Stock Chart
From Apr 2023 to Apr 2024