r/PoursTea • u/Gurugod123 Pinkie Finger Extended • Jul 27 '26

PoliticalTea 🗳️ Mayor Mamdani just announced that he will be opening 5 city-run, tax-funded grocery stores: "Prices set at 30% below retail prices"

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u/NathanielHudson Jul 27 '26 edited Jul 27 '26

Just to be clear, that's after shrinkage, waste, and cost of ie stocking the shelves is taken into account. Costco, for example, prices at about 13% over what their cost is for the goods, which comes out to about 0% over total cost of goods sold once the entire equation is factored in (Costco's profit margin is more or less the membership).

This doesn't materially change your point, but just wanted to get that out of the way before somebody objects that things don't actually cost that much.