Amazon.com Inc. (AMZN) and Shop Rite parent Village Super Market Inc. (VLGEA) have bought Fairway assets in a bankruptcy auction, The Wall Street Journal reports ( ). Village Super Market, which also operates Gourmet Garage locations, is buying four Fairway stores in Manhattan and a store in Westchester county while Amazon bought the leases to two stores in New Jersey. Village Super Market purchased the Westchester location after backing out of the Harlem location. Village Super Market stock is down 18.5% over the last year. Amazon stock is up 8.5%. And the S&P 500 index is down 8.9% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 27, 2020 13:16 ET (17:16 GMT)
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