General Discussion

MichMan

(17,254 posts)

20. Grocery store profit margins are historically very low

Thu Apr 16, 2026, 02:25 PM

Thursday

The savings from city owned stores is coming from no property taxes and no rent. I assume that the employees will be city employees with pretty decent pay and benefits.

It will be interesting to see just how much cheaper prices are. I'm not sure if the city plans to sell groceries under cost using taxpayer subsidies.

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reACTIONary SheltieLover

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Highlight:

Mayor Mamdani:Last year, I told New Yorkers: we would open city-owned grocery stores to take on the affordability crisis [View all] Passages Thursday OP

Huh. So... he's... delivering on promises? mr715 Thursday #1

Promises made promises kept baby! Glaisne Friday #48

Non-profit social services. Great. Hope that reaches into healthcare, too. lindysalsagal Thursday #2

Which doctors would work those jobs ? JI7 Thursday #4

I think we might be surprised. It has long been contended by Wall Street financiers that PatrickforB Thursday #6

I agree 100%. Great post. Passages Thursday #12

But aren't they already having trouble getting doctors to open up in rural JI7 Thursday #15

Being paid decently is an incentive. Festivito Thursday #18

Well, Mamdani is in New York City, and the urban areas are generally well supplied with PatrickforB Thursday #19

Absolutely! Additional considerations pat_k Thursday #38

But, nothing has stopped them from correcting this. OldBaldy1701E Friday #49

Proprietary studies NJCher Friday #53

They'd get paid leftstreet Thursday #7

Depends on what the salary is, doesn't it? MichMan Friday #54

It's not always about the money. Jedi Guy Thursday #14

I'm sure there might be a few . But being realistic JI7 Thursday #16

I don't disagree at all. Nonprofits don't always have the resources, unfortunately. Jedi Guy Thursday #27

That is a long-established model. yardwork Thursday #11

NYC has a very robust clinic system IbogaProject Thursday #37

Salaried doctors works well for both Deminpenn Friday #57

European countries do this. We're late to the party, here... CTyankee Thursday #3

We have been late for so long. It's great to see a shift. Passages Thursday #5

Late To Every Party, From World Wars To Healthcare To.... ColoringFool Thursday #29

We seem to be late to the party quite often. llmart Friday #50

I think some Americans have been awakened when/if they go to a European country (like on a cruise ship) and see what CTyankee Friday #52

DURec leftstreet Thursday #8

This is why there was so much opposition to Mamdami from the rich elite during the mayoral election. They weren't Fil1957 Thursday #9

Exactly right. Their fear: the public at large seeing for themselves the success of these initiatives. Passages Thursday #13

Precisely! SheltieLover Thursday #32

This message was self-deleted by its author PeaceWave Thursday #10

Damn shame Mamdani is ineligible to run for president. Emile Thursday #17

He could be a Senator for life... mr715 Thursday #22

Grocery store profit margins are historically very low MichMan Thursday #20

I think its a form of.... reACTIONary Thursday #23

Not according to the article the OP linked to (not the tweet) Nittersing Thursday #33

Somehow Aldis seems to manage without property and rent relief. Ms. Toad Thursday #25

Private contractors will operate them madville Thursday #42

This message was self-deleted by its author PeaceWave Thursday #45

There are a little over 11,000 grocery stores .... reACTIONary Thursday #21

As a 43-year resident of NYC . . . markpkessinger Thursday #24

+1 leftstreet Thursday #26

Thanks for the info. Ritabert Thursday #28

What, in your understanding, would constitute success? And.. reACTIONary Thursday #30

Whether it's 5,000 or 11,000 . . . markpkessinger Thursday #40

Yes, and I can't be certain what the state of NY.... reACTIONary Thursday #44

I'm lucky in that I live in a well-served neighborhood . . . markpkessinger Friday #55

Great answer orangecrush Friday #47

How City-Owned Grocery Stores Can Tackle Food Insecurity Passages Thursday #31

The point is not adding stores at this time; it's showing how city-owned stores might work. WhiskeyGrinder Thursday #36

The city won't be running it madville Thursday #43

yeah I misspoke WhiskeyGrinder Thursday #46

Tried that Rebl2 Thursday #34

Message auto-removed Name removed Thursday #35

Is there a PDF or web page with complete details? gulliver Thursday #39

Here you go Shipwack Friday #51

I was looking for a specific plan gulliver Friday #56

This message was self-deleted by its author PeaceWave Thursday #41