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.
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.
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.
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.
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!
Grocery stores operate on extremely thin margins. There isn’t much to cut either for the private store or the government store.
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
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
depends on the store and which location, some grocery store in certain areas certainly dont make even after a while.
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.
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.
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.