NYC to open municipal grocery store in 2027
grocerydive.com
NYC to open municipal grocery store in 2027
1–10 of 191 posts
Re: NYC to open municipal grocery store in 2027
#2Not a new idea and the intention seems to be good. I wonder how will the implementation go. Where does the stores source merchandises? What is the volume of the five stores in total? How do they plan to offer a better price -- is it a percentage lower than some other stores, or something else? What if they have to run them with a loss? Such and such.
Re: NYC to open municipal grocery store in 2027
#3This sounds extremely non economically viable.
The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close?
Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
Re: NYC to open municipal grocery store in 2027
#4I wonder what the margin is on groceries and if the stores can sustain themselves by operating at cost. I also want to know how they plan to handle pricing during shortages, e.g. eggs.
Re: NYC to open municipal grocery store in 2027
#5This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
Major grocers are more inclined to form cartels on price than to engage in organic competitive action. These businesses are too large and incentives too perverse for free market dynamics to apply anymore.
Re: NYC to open municipal grocery store in 2027
#6This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
In some neighborhoods there are only luxury grocery options.
Groceries also form cartels as the other commenter mentioned. The biggest grocers in Canada did it for many years until they were penalized for it (though it’s likely still continuing in other ways - the same players are now under investigation for selling underweight meats)
The estimated cost to consumers from bread price-fixing was $4-5 billion
Re: NYC to open municipal grocery store in 2027
#7This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
Why does everything needs to be economically viable?
Re: NYC to open municipal grocery store in 2027
#8This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
I think that's essentially the entire point, considering that most of the economically viable grocery stores already exist.
Re: NYC to open municipal grocery store in 2027
#9This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
He won by not being a capitalist. He campaigned on doing something to actually meet the basic needs of the people who elected him. This is the cost of that promise. This will force them to compete on those terms instead of directly on money.
Re: NYC to open municipal grocery store in 2027
#10This sounds extremely non economically viable. The municipality which has monopoly on land taxes and costs will compete with stores that must pay taxes and rent? Won’t it just cause neighboring stores to close? Won’t a better option be subsidizing taxes for grocery stores, and let the discounts competitively pass unto the customers?
You sound extremely privileged and frankly out of touch (not uncommon with the HN demographic).
Do you think working families in NYC don't deserve the same monetary relief that massive corporations get with their own welfare programs? Why should trillion multinational companies take our public money to subsidize their businesses and we can't do the same for workers?
Why do you prefer helping non human entities (corporations) over literal humans?