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Fairway Market Enhances Shopping Experience For Customers With Hearing Loss

Stocks in this article: FWM

NEW YORK, Aug. 21, 2013 (GLOBE NEWSWIRE) -- Fairway Group Holdings Corp. ("Fairway") (Nasdaq:FWM), the parent company of Fairway Market, today announced customers with hearing loss now can place orders at the Broadway store's deli counter with greater ease, thanks to the installation of a hearing loop. Fairway is the first supermarket in New York City to install this technology.

The hearing loop works with an individual's telecoil-equipped hearing instrument or cochlear implant. The person behind the deli counter will speak into a microphone that is connected to the hearing loop, which transmits the signal (speech) wirelessly to the T coil. The system blocks out ambient background noise and amplifies the clerk's voice, making everything clearer.

"We are very pleased to incorporate this new technology into our flagship store," said Herb Ruetsch, Chief Executive Officer of Fairway Market. "The deli can be a very noisy environment, and our customers living with hearing loss will greatly benefit from the hearing loop and enjoy a much better shopping experience."

Hearing loops are promoted by the Hearing Loss Association of America and the American Academy of Audiology.

About Fairway Market

Fairway 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.

Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking and make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995; Forward-looking statements involving known and unknown risks and uncertainties and other factors that may cause Fairway's actual results in current or future periods to differ materially from forecasted results. Food retail is a larger and highly competitive industry, and Fairway's business involves many risks and uncertainties, including, but not limited to: our ability to open new stores on a timely basis or at all; our ability to achieve sustained sales and profitable operating margins at new stores; the availability of financing to pursue our new store openings on satisfactory terms or at all; our ability to compete effectively with other retailers; our ability to maintain price competitiveness; the geographic concentration of our stores; our ability to maintain or improve our operating margins; our history of new losses; ordering errors or product supply disruptions in the delivery of perishable products; restrictions on our use of the Fairway name other than on the East Coast and in California and certain parts of Michigan and Ohio; our ability to retain and attract senior management, key employees and qualified store-level employees; rising costs of providing employee benefits, including increased healthcare costs and pension contributions due to unfunded pension liabilities; our ability to satisfy our ongoing capital needs and unanticipated cash requirements; and other risk factors detailed in our filings with the Securities and Exchange Commission ("the SEC"), and available at the SEC's website at www.sec.gov, You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

CONTACT: Investor Contact:
         Fairway Group Holdings Corp
         Nicholas Gutierrez
         Manager of Finance & Investor Relations
         (646) 616-8103
         Nicholas.gutierrez@fairwaymarket.com
         
         Media Contact:
         DKC
         Bruce Bobbins/ 212 981 5190
         908 585 5742
         Susan Graziano/ 212 981 5130
         917 886 5495
         Gary Baronofsky/212 981 5140
         917 439 8330

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