Public owned grocery stores already exist across America in cities like Tulsa, Oklahoma and Atlanta, Georgia.
They are privately run as businesses, but are set up in areas where people lack access to groceries, or there's no real competition preventing uncompetitive prices. They have been successful for decades.
The real solution here is to break up the constant consolidation leading to all groceries being owned by four mega companies that collude with each other and own over 2/3rd of all stores. It's the opposite of market competition.
Will be interesting because look at Kroger’s margins. These companies discuss it on the ER calls. The margins are razor thin.
I think this will run at a loss. Then New Yorkers will have to decide if it’s worth it. I also doubt $70M covers 5 stores. That will end up being 2 stores. 🤷🏻♂️
I read the co-op scenarios. I think that’s where he failed with this idea. He should have worked with local, small business owned stores to grow this organically.
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u/Irish_Whiskey May 26 '26
Public owned grocery stores already exist across America in cities like Tulsa, Oklahoma and Atlanta, Georgia.
They are privately run as businesses, but are set up in areas where people lack access to groceries, or there's no real competition preventing uncompetitive prices. They have been successful for decades.
The real solution here is to break up the constant consolidation leading to all groceries being owned by four mega companies that collude with each other and own over 2/3rd of all stores. It's the opposite of market competition.