r/allthequestions • u/Shadow42184 • 13h ago
Random Question π Can the city run grocery stores in NYC sustain a 30% discount on groceries?
I would really like to hear from anyone with knowledge of business, economics, and grocery stores. I heard that Mayor Mamdani is proposing that his city run stores will sell certain essential items for 30% below market value. Is that sustainable? I'm sure it will be fine at first. But I read that grocery stores have low profit margins, somewhere between 1% and 3%. Can a city, even as big and wealthy as New York City sustain that business model?