Best Yet Market

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Best Yet Market
Private
Industry Retail (Grocery)
Founded 1994
Headquarters Bethpage, New York
Number of locations
18
Key people
President & CEO: Rebecca Philbert
Owner Aviv and Eran Raitses
Website bestyetmarket.com

Best Yet Market is a family-owned, regional chain of supermarkets with 18 stores in New York, Connecticut, and New Jersey. The company is headquartered in Bethpage, New York and has been owned by the Raitses family since the company's first store opened in Lake Ronkonkoma, New York in 1994.[1][2]

Best Yet Market, which operates several newer stores under its Best Market banner, focuses on fresh foods, especially produce, but also sells traditional grocery store items.[3] Its stores typically have smaller overall footprints than competitors,[4][5] and its offerings also include in-house smoked meats and large selections of craft beer in some stores.[6]

History[edit]

Best Yet Market is a private, family-owned company. The business, which was founded as a small fruit and vegetable stand by the father of the current owners, expanded into a storefront produce store and, later into the first Produce Warehouse in 1994.[5][7]

Continuing its expansion, the company opened up several more Produce Warehouse stores, focusing exclusively on New York and expanding from the outer boroughs of New York City into the suburbs of Long Island. It changed its name to Best Yet Market in 2002.[2][7]

In 2005, Best Yet attempted a grocery delivery service in Manhattan that was ultimately unsuccessful. At the time, it competed with FreshDirect and Whole Foods Market, though Best Yet limited its offerings to the Upper East Side.[8] Though the delivery service was short-lived, Best Yet would begin offering grocery delivery again in parts of Harlem beginning in 2010.[9]

Best Yet Market opened a new flagship store in Harlem, New York in 2010, bringing the chain to Manhattan for the first time in the company's history and rectifying a shortage in fresh food offerings in the area, according to a New York City Department of City Planning survey.[10][11][12] The Harlem store, which was funded in part with a million-dollar loan from the Upper Manhattan Development Zone, offers not only fresh produce, but also fresh meat and seafood departments, craft beer, and gourmet grocery products.[13]

The 2011 opening of a store in East Patchogue, New York earned the chain praise from East Patchogue city officials for bringing a market featuring fresh produce to what had been designated a food desert by New York state officials.[14]

Best Yet Market began the process of changing the name of its stores from Best Yet Market to Best Market in 2012.[15] The process has only affected new openings to-date, but will be applied retroactively to re-brand previously existing stores over time.[5] The company's first store outside New York, in Holmdel, New Jersey, opened in early 2012 as Best Market.[16] Notably, the Holmdel Best Market dedicated 25% of its floor space to produce,[3] and in the immediate aftermath of Hurricane Sandy, the store, powered by an emergency generator, opened to customers and donated most of its undamaged food to local residents impacted by the storm.[17]

In 2013, the company expanded into a third state, opening a Best Market location in Newington, Connecticut.[6] The Newington location offers traditional barbecue from an in-house smoker, expanding on a program first offered in its Harlem store.[1] The Newington Best Market also includes an electric car charging station as part of an alliance with Connecticut Electric Car.[18][19]

Also in 2013, the company's West Babylon location won the "Best Retro Design" award from Progressive Grocer in that magazine's annual Store Design Contest.[20]

Locations[edit]

According to its website, Best Yet Market currently operates 20 locations in New York, Connecticut, and New Jersey, including the stores operated under its Best Market banner.[21]

References[edit]

  1. ^ a b "New Supermarket Chain Comes to CT" Fox CT, Retrieved November 4, 2013
  2. ^ a b "About Best Yet Market," Best Yet Market Website, Retrieved October 18, 2013.
  3. ^ a b "Best Market Opens For Business in Holmdel Commons," Holmdel-Hazlet Patch, Retrieved October 27, 2013.
  4. ^ "Holmdel Officials Join Best Market in Welcoming Beer and Wine Dept.," Holmdel-Hazlet Patch, Retrieved October 27, 2013.
  5. ^ a b c "Best Yet to Open in Former Waldbaums," Newsday, Retrieved October 18, 2013.
  6. ^ a b "Long Island Supermarket Chain Wins Auction Of Northwood Plaza In Newington," Hartford Courant, Retrieved October 19, 2013.
  7. ^ a b "'Best Market' Hiring 70 Workers for New Holmdel Store," Holmdel-Hazlet Patch Retrieved October 27, 2013.
  8. ^ "Best Yet Market Launches New York City Delivery Service," Gourmet Retailer, Retrieved November 4, 2013.
  9. ^ "New Gourmet Market Opens in Harlem," New York 1, Retrieved November 04, 2013.
  10. ^ "Going Upscale Uptown," New York Times, Retrieved October 20, 2013.
  11. ^ "Downsizing without Downsides," New York Times, Retrieved October 20, 2013.
  12. ^ "Going to Market: New York City’s Neighborhood Grocery Store and Supermarket Shortage (pdf)," NYC.gov, Retrieved October 20, 2013.
  13. ^ "New Supermarket in Neighborhood That Needs One," New York Times, Retrieved October 20, 2013.
  14. ^ "E. Patchogue Food Desert Gets Market," Newsday, Retrieved October 20, 2013.
  15. ^ "Best Yet Launching New Banner," Supermarket News, Retrieved October 19, 2013.
  16. ^ "Best Market opens its first NJ supermarket in Holmdel," Asbury Park Press, Retrieved October 17, 2013.
  17. ^ "Best Market Donates Food to Storm Victims" Holmdel-Hazlet Patch Retrieved October 27, 2013
  18. ^ "Electric Car Installs First Smart Charging Station At New Market," Hartford Courant Retrieved November 23, 2013
  19. ^ "CT Electric Car installs smart charging station" Hartford Business Journal Retrieved November 23, 2013
  20. ^ "Brilliant Blueprints: Progressive Grocer Store Design Contest 2013," Progressive Grocer Retrieved October 20, 2013
  21. ^ "Store Locator - Best Market," Best Market Website, Retrieved February 8, 2015.

External links[edit]