Asian-American grocery chain iFresh partners with Western Union [MarketWatch]
iFresh Inc. (IFMK)
US:NASDAQ Investor Relations:
investors.ifreshmarket.com/investor-relations
Company Research
Source: MarketWatch
Asian-American grocery chain iFresh partners with Western Union Asian-American supermarket chain iFresh Inc. IFMK, +10.47% has partnered with Western Union Co. WU, -0.07% to provide payment and money transfer services. Western Union services reach more than 200 countries and territories. IFresh is based in Long Island City, NY and operates nine stores along the East coast with stores in Glen Cove, NY, Miami and Connecticut coming soon. The company also has two in-house wholesale business in cities with large Asian populations, six iFresh-managed stores and an online component. IFresh shares are down nearly 1% in Thursday premarket trading, but up 33.7% for the last three months. Western Union shares are up 1% in premarket trading, and up 2.3% for the past three months. The S&P 500 index SPX, +0.04% is up 9.4% for the past three months.
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