As of Dec 27, 2015, Fairway operated 15 stores in the NYC metropolitan area, (3 of which include Fairway Wines & Spirits stores), with 7 in Manhattan, 5 in New York (outside Manhattan), 2 in New Jersey and 1 in Connecticut.
The company opened a store in the Chelsea neighborhood of Manhattan, NY in late July 2013, in Nanuet, NY in mid-October 2013, and in Lake Grove in Suffolk County, Long Island, NY in July 2014. The company expects to open a new store in Brooklyn during fiscal 2016.
All stores are leased, most pursuant to initial terms of at least 15 years and several 5 to 10 year renewal options. The suburban food store operating model is based primarily on a store size of approximately 60,000 gross square feet (approximately 40,000 selling square feet) and the urban food store operating model is based primarily on a store size of approximately 40,000 gross square feet (25,000 selling square feet).
|Total gross square feet (M)||895||895||841||741||553||454|
|Total gross square feet growth||0.0%||6.5%||13.4%||34.1%||21.7%||55.1%|
|Avg store gross sq ft||59,700||59,700||60,100||61,800||61,400||64,900|
|Avg store gross sq ft growth||0.0%||-0.6%||-2.8%||0.6%||-5.3%||10.8%|