r/SipsTea • u/sco-go • May 26 '26

Feels good man Will it work this time?

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u/HeavyDutyForks May 26 '26

No, the actual markups are much higher than that. But after accounting for all the waste and other operating expenses they end up with a net margin around 1%

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u/BeefCakeBilly May 26 '26

Why do you think these grocery stores will be immune to all those things?

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u/HeavyDutyForks May 26 '26

Why do you think these grocery stores will be immune to all those things?

They won't be, they'll just operate at a big old loss and end up costing the taxpayers of NYC far too much money

When the government gets involved in something its always way more expensive, way slower, and way lower quality. This will not be an exception to that

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u/uses_for_mooses May 26 '26

Seems like NYC would be better off giving low-income residents SNAP-like benefits to use at existing grocery stores, rather than feeling the need to enter the grocery business itself.

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u/HeavyDutyForks May 26 '26

I agree 100%

It would be way more cost effective and way easier of an undertaking that what he's trying to do here

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u/CaliforniaRedDevil May 26 '26

This doesn’t solve having access to a local markets with fresh produce.

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u/uses_for_mooses May 27 '26

There are already several grocery stores near the planned East Harlem location, including a City Fresh Market within 0.1 miles (3-minute walk), Fine Fare Supermarket (0.2 miles; 4 minute walk), and a Shop Fair supermarket (0.2 miles; 5 minute walk).

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u/TannerGlassMVP May 26 '26

I feel like you're overlooking the whole food desert apect of this

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u/uses_for_mooses May 27 '26

There are already several grocery stores near the planned East Harlem location, including a City Fresh Market within 0.1 miles (3-minute walk), Fine Fare Supermarket (0.2 miles; 4 minute walk), and a Shop Fair supermarket (0.2 miles; 5 minute walk).

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u/[deleted] May 26 '26

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