Fairway Needs to Backtrack on Expansion to Save Itself, Consultants Say

Fairway Needs to Backtrack on Expansion to Save Itself, Consultants Say

In spite of its executives’ protestations to the contrary, New York-based supermarket chain Fairway may have bitten more than it could chew when it opted to go public last year. Retail consultants say the company ended up expanding too fast and taking on too much debt in an effort to fulfill Wall Street’s expectations. Now Fairway needs to pull back on opening new stores and may want to look into finding a buyer willing to let it recover from its IPO.

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