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Key Food

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Key Food Stores
Company type
IndustryRetail (Supermarket)
Founded1946 (78 years ago) (1946) in Brooklyn, New York, U.S.
Headquarters
Matawan, New Jersey
,
U.S.
Number of locations
324
Area served
Connecticut, Rhode Island, Delaware, Maryland, New Jersey, New York, Pennsylvania, Massachusetts
Key people
Dean Janeway (CEO)
ProductsBakery, grocery, delicatessen, health and beauty, frozen foods, produce, seafood, meats, dairy, general merchandise, floral, alcoholic beverages, snacks, pet supplies
Services
Members76
SubsidiariesFood Emporium
Super Fresh
Websitewww.keyfood.com

Key Food Stores Co-op, Inc. is a cooperative of independently owned supermarkets, founded in Brooklyn, New York, on April 20, 1937. Its stores are found in Connecticut, Maryland, Delaware, Massachusetts, Rhode Island, New Jersey, New York, Pennsylvania, and Florida. The headquarters for the Key Food cooperative is in Matawan, New Jersey; the Chief Executive is Dean Janeway.

The cooperative also operates stores under the Key Food Marketplace, Key Fresh & Natural, Food Dynasty, Urban Market, Food World, Food Universe Marketplace, SuperFresh, and The Food Emporium banners.[2]

History

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In the 1970s and 1980s Key Food was involved with a trucking firm that committed tax fraud.[3][4] Two directors, Camillo D’Urso and Pasquale Conte were also involved in Mafia activity and heroin trafficking using pizza parlors as a front.[5][6][7]

In July 2000, Key Food began outsourcing its distribution and transportation operations to Grocery Haulers, Inc. As part of the deal, the company sold its fixed assets, including two New York-based warehouses and inventory to GHI.[8][9] In November 2008, the cooperative names Dean Janeway as chief executive officer.[10]

In October 2011, the Key Food co-op opened a location in Jersey City, the first location in New Jersey.[11][12] In August 2012, the co-op reopened its South Street Seaport location as 55 Fulton Market, a 23,000 square feet, two-floor flagship store.[13] In June 2013, Key Food opened several new locations in New York City within a two week period. These included two in Queens, four in Brooklyn, and another in Staten Island.[14][15] In May 2014, the second Key Food location in New Jersey opened in Manalapan.[12] Toward the end of 2014, the cooperative introduced the Food Universe banner with seven stores in New York City.[16] In December, it opened the Olive Tree Marketplace in Staten Island.[17]

In November 2015, Key Food completed the purchase of 23 stores from the bankrupt A&P, increasing its total number of stores to 212. The stores included three Pathmark, three A&P, 10 Waldbaum's, four Food Emporium, and three Food Basics USA locations in New York and New Jersey. Two of the stores opened as Food Universe locations under corporate operation, rather than cooperative ownership, for the first time in company history.[18][19] The acquisition made it the largest grocer in New York City.[20]

In December 2015, Key Food acquired the Food Emporium banner name and related intellectual property assets from A&P. The company also acquired the SuperFresh name and assets in February 2016.[21] By October, another 10 former A&P locations had joined the cooperative. In total, it took control of 11% of A&P's 297 stores at the time of its bankruptcy.[22] In January 2019, Key Food opened its first location in Florida.[23]

When Fairway Market filed for bankruptcy in January 2020, Key Food purchased its Georgetown, Brooklyn store.[24] In October 2020, the cooperative signed a 10-year contract with UNFI for the wholesaler to serve as the primary supplier for its 315 stores.[25] In late 2020, the co-op moved its corporate headquarters from Staten Island to Matawan, New Jersey.[26] By January 2023, Key Food had 62 locations in Florida and four stores in Pennsylvania.[23]

References

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  1. ^ "Departments | Key Food".
  2. ^ "UNFI Inks 10-Year, $10 Billion Wholesale Deal With Key Food". Food Manufacturing. 2020-10-08. Retrieved 2024-09-28.
  3. ^ "Trucking Executive Indicted In a Scheme to Evade Taxes". The New York Times. July 14, 1989.
  4. ^ Kaplan, Morris (January 11, 1972). "TRUCKER CHARGED WITH TAX FRAUD". The New York Times.
  5. ^ JOHN M. DOYLE (February 19, 1987). "Alleged Mastermind of "Pizza Connection" Hit Arrested". Associated Press. Archived from the original on November 16, 2022.
  6. ^ Howard, Robert F. (January 23, 1990). "'PIZZA CONNECTION' MASTERMIND CONVICTED IN VA". Washington Post. ISSN 0190-8286. Retrieved 2024-09-28.
  7. ^ "C. D'URSO, FOOD STORE FOUNDER". Sun-Sentinel. February 4, 1987.
  8. ^ Ghitelman, David (July 10, 2000). "KEY FOOD TO SELL FIXED ASSETS TO GHI". www.supermarketnews.com. Retrieved 2024-09-28.
  9. ^ "Key Food acquired by Grocery Haulers Inc". Long Island Business News. 2000-07-07. Retrieved 2024-09-28.
  10. ^ "Key Food Names Janeway CEO". www.supermarketnews.com. November 4, 2008. Retrieved 2024-10-01.
  11. ^ Maher, Adam (2011-10-26). "Family-owned 'Key Food Supermarket' brings fresh, organic foods and 22 years of food-distribution experience to Jersey City". The Jersey Journal. Retrieved 2024-10-01 – via NJ.com.
  12. ^ a b Panissidi, Anthony. "Key Fresh & Natural Supermarket opening first Jersey Shore store in Manalapan". Asbury Park Press. Retrieved 2024-10-01.
  13. ^ amNY (2012-08-22). "New Key Food reflects changing Seaport | amNewYork". www.amny.com. Retrieved 2024-10-01.
  14. ^ "Key Food Expands in NYC". Supermarket News. June 14, 2013. Retrieved 2024-09-29.
  15. ^ Porpora, Tracey (2013-04-08). "Key Food opening stores in Staten Island's Arden Heights, South Beach and Port Richmond". silive. Retrieved 2024-10-01.
  16. ^ "Key Food Introduces Food Universe Banner". Progressive Grocer. 2014-11-25. Retrieved 2024-09-28.
  17. ^ "Key Food Opening 1st Olive Tree Marketplace". Progressive Grocer. 2014-12-17. Retrieved 2024-10-01.
  18. ^ "Key Food confirms 23 A&P buys, will operate 2". Supermarket News. 22 October 2015. Retrieved 1 May 2017.
  19. ^ "Key Food acquires 23 A&P stores, saves 1,800 jobs". The Produce News. October 22, 2015. Retrieved September 29, 2024.
  20. ^ Springer, Jon (29 October 2015). "Bolstered by new additions, Key Food CEO outlines growth plans". Supermarket News. Retrieved 1 May 2017.
  21. ^ "Key Food Acquires SuperFresh Banner". Progressive Grocer. 2016-02-09. Retrieved 2024-09-29.
  22. ^ Springer, Jon (October 27, 2016). "Key Food CEO: Aggressive buying paying off". Supermarket News. Retrieved 2024-09-29.
  23. ^ a b Metzger, Jeff (2023-01-17). "Coming Off Record Year, Key Food Touts Geographic Expansion As Vital To Growth". foodtradenews.com. Retrieved 2024-09-30.
  24. ^ Duggan, Kevin (2020-03-27). "Fairway sells Georgetown outpost to Key Food in bankruptcy auction". www.brooklynpaper.com. Retrieved 2024-10-01.
  25. ^ "UNFI Inks 10-Year, $10 Billion Wholesale Deal With Key Food". Food Manufacturing. 2020-10-08. Retrieved 2024-09-29.
  26. ^ Blair, Gillian (2020-12-30). "Award-Winning Design Firm Announces Completion of New Key Food HQ in New Jersey". Jersey Digs. Retrieved 2024-10-01.
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