It’s great. Beat out other grocery stores so prices drop to compete. Have grocery stores donate soon to be expired food to these gov stores for tax breaks. That handles safe disposal. If it’s not sold. Turn it into feed for farm animals. Sell it cheap to farms. Their stuff goes down.
If I recall correctly, it’s only one store per borough, only in areas without access to healthy foods, and where public private partnerships had failed in the past.
there’s something like one grocery store per 1500 residents in new york (far more, per capita, than my entire county).
many residents have multiple options nearby, but some (around 750,000) do not live within 5 blocks of even just one. those are the neighborhoods this program would target.
these city-run stores are not intended to serve ‘everybody’, just those who aren’t served by anything.
It’s not the grocery stores, it’s the food corporations. And animal feed can’t just be left over groceries. There’s a science to feeding livestock at scale. Not that some.ofnitncouldnt be used, just saying it’s not all that simple. Otherwise I 100% agree with the sentiment.
They have thin margine but very high turnover. It’s not a business plan based on holding stock. The shelf space turns over multiple times per week. They may pay suppliers 30 days after selling to a consumer.
at target nobody touches the CHIPS, CEREAL, or any of the brand foods(like cookies crackers). its mostly the produce, drinks, freezer people are buying, and any otc pharm stuff.
That’s not true, and they make money in lots of ways:
They sell the end cap and shelf space. That’s why you see the cheap, simple stuff on the bottom shelves. To even show up in a store, a company has to pay to play. Think of it like the Google Play Store or Apple Store.
They get bulk discounts and contracts to sell stuff.
Costco operates on thin margins because they make their money on the membership fees.
That’s not true, and they make money in lots of ways:
You understand that the net profit of 1.5% includes all sales and all expenses, right? It’s neat-o they’re selling space in the store, but that’s already factored in.
Kroger is a public company, the presented numbers are their financials. Everything you mention is part of how they squeeze out a measly 1.5% profit margin. There isn’t much to cut for the private store or the government store.
It’s great. Beat out other grocery stores so prices drop to compete. Have grocery stores donate soon to be expired food to these gov stores for tax breaks. That handles safe disposal. If it’s not sold. Turn it into feed for farm animals. Sell it cheap to farms. Their stuff goes down.
If I recall correctly, it’s only one store per borough, only in areas without access to healthy foods, and where public private partnerships had failed in the past.
I love it when a policy that could be populist and rubbish has some thinking and substance behind it!
Plus, it’s probably going to go to the food *desert areas first. I dig it.
Dessert is what you have after a meal. You can help remember this by thinking there are more S’s because you want more dessert.
Thanks for coming to my Ted Talk.
Dessert is Super Sweet.
ty
Genital dessert is the best kind of dessert tho.
I’ll skip the whipped cream, though.
Good call.
My priest agrees
Yeah, but genital desert means she’s just not into you.
Tales from the dead bedroom
that’s exactly the goal of the program.
there’s something like one grocery store per 1500 residents in new york (far more, per capita, than my entire county).
many residents have multiple options nearby, but some (around 750,000) do not live within 5 blocks of even just one. those are the neighborhoods this program would target.
these city-run stores are not intended to serve ‘everybody’, just those who aren’t served by anything.
It’s not the grocery stores, it’s the food corporations. And animal feed can’t just be left over groceries. There’s a science to feeding livestock at scale. Not that some.ofnitncouldnt be used, just saying it’s not all that simple. Otherwise I 100% agree with the sentiment.
Grocery stores operate on extremely thin margins. There isn’t much to cut either for the private store or the government store.
They have thin margine but very high turnover. It’s not a business plan based on holding stock. The shelf space turns over multiple times per week. They may pay suppliers 30 days after selling to a consumer.
Given the insane (and insanely sticky) price gouging we’ve seen these past few years, I strongly doubt this. But hey, we’ll see in a few months.
A bag of chips at one of the local groceries is $7, and it’s smaller than it used to be.
Everything is more expensive and smaller.
If the private market can’t do it at a profit without cutting corners or stiffing labor, then don’t.
at target nobody touches the CHIPS, CEREAL, or any of the brand foods(like cookies crackers). its mostly the produce, drinks, freezer people are buying, and any otc pharm stuff.
if you can’t do it then quit sucking the air out and let someone else have a go
Kroger says their gross margin in 2024 was 22.3% and their operating profit was 3.8 billion.
The Kroger Co. - Kroger Reports Fourth Quarter and Full-Year 2024 Results Announces Guidance for 2025 https://share.google/aUYB1Wjkppj7l0qAA
depends on the store and which location, some grocery store in certain areas certainly dont make even after a while.
Kroger’s revenue is $150B, with a net income of $2.3B. That is a profit margin of…1.5%. One-point-five percent profit.
As I said, grocery stores operate on tiny margins. There isn’t much to cut either for the private store or the government store.
Gross margin is not profit, it only accounts for direct costs of the goods being sold. Hence why their profit is only 1.5%.
What about the $7.5 billion stock buyback program?
lol
That’s not true, and they make money in lots of ways:
Costco operates on thin margins because they make their money on the membership fees.
They also pay up to 90 days after they sold the products and get capital gains for that.
You understand that the net profit of 1.5% includes all sales and all expenses, right? It’s neat-o they’re selling space in the store, but that’s already factored in.
That includeds executive pay packages too, right? I dont think whoever is runnung these is going to make $21 million/yr like the kroger CEO.
That and the other blown out of sanity exec pay should help lower in store prices, even if the workers are making his proposed $30/hr wage.
You still haven’t provided any proof besides a link to another comment. Last comment.
I went back to your last comment and it doesn’t fit the discussion
The other commenter brought up Kroger. A grocery store that operates on a 1.5% profit margin.
I don’t know what to tell you. 1.5% profit margin is razor thin. There isn’t anything to cut for the private stores or the government stores.
What I’m saying is, they need to prove that because all that I’m saying is true.
Kroger is a public company, the presented numbers are their financials. Everything you mention is part of how they squeeze out a measly 1.5% profit margin. There isn’t much to cut for the private store or the government store.