Gristedes
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| Subsidiary of the Red Apple Group | |
| Industry | Retail |
| Founded | 1888 42nd Street & Second Ave. Manhattan |
| Headquarters | New York City |
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Number of locations
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31 |
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Area served
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Manhattan Brooklyn |
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Key people
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Diedrich & Charles Gristede (founders) John Catsimatidis, CEO |
| Products | Supermarket |
| Parent | Red Apple Group |
| Website | gristedes.com |
Gristedes is a New York City-based chain of small supermarkets. It serves a mostly urban customer base.
Charles Gristede and his brother Diedrich came to the United States from Germany in 1888, found work in grocery stores, and in 1891 opened a tiny gaslit store at 42nd Street and Second Avenue in Manhattan. This site was then far uptown from the central shopping area, but close to housewives who walked or rode in private carriages to the store. A second store opened in Harlem—then a middle-class white neighborhood—in 1896. The business flourished and expanded, reaching suburban Westchester County in 1920 and Connecticut in 1926. Gristede Brothers also opened a wine and liquor store in Manhattan in 1933. When Charles Gristede died in 1948, the chain consisted of 141 stores in Manhattan, the Bronx, Westchester, and Connecticut. In 1956 it opened its first Long Island store, in Garden City.
In Manhattan, Gristede Brothers remained concentrated on the more affluent East Side, where it specialized in personal service and gourmet items and charged premium prices. It shipped items to customers around the world, including, for example, a Greek who wanted melons sent to him in Paris by air freight. The company had annual sales of about $60 million and 115 stores in all—including six liquor stores in Connecticut—when it was sold in 1968 to The Southland Corporation, owner of the 7-Eleven convenience store chain, for Southland stock valued at $11.5 million.
Southland retained the prior Gristede Brothers management and for more than a decade left the chain to its own devices. In 1977 Gristede's consisted of 120 stores, mostly ranging in size from 6,000 to 11,000 square feet and carrying 7,000 to 8,000 gourmet items, including size 23 grapefruit (about the size of a large cantaloupe), strawberries picked in California only 36 hours earlier, large Idaho potatoes already wrapped in tin foil, quiche Lorraine, and Beluga caviar.
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Wikipedia