NEW YORK, July 1, 2013 (GLOBE NEWSWIRE) -- Fairway Group Holdings Corp. ("Fairway") (Nasdaq:FWM), the parent company of Fairway Market, today announced its stock has been added to the Russell Global Index. The Russell Indices provide a comprehensive and unbiased barometer for evaluating stock performance in the U.S. and world-wide equity markets and are completely reconstituted annually to ensure new and growing equities are reflected. Initial public offerings are added to the Russell Indexes on a quarterly basis.
"We are pleased to be added to the Russell 3000," said Charles Santoro, Fairway's Executive Chairman. "Fairway has a bright growth outlook and we believe inclusion in the index is an important recognition of this."
About Fairway MarketFairway Market is a high-growth food retailer offering customers a differentiated one-stop shopping experience "Like No Other Market®." Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. Fairway is headquartered in New York, New York.
CONTACT: Fairway Group Holdings Corp. Nicholas Gutierrez Manager of Finance & Investor Relations (646) 616-8103 firstname.lastname@example.org