Post #4388583

Concerns with this model. Scalping. What is preventing people from buying out the store in bulk and reselling outside the store for a profit. 30% of what? If private grocery stores drop their prices/profits to be competitive, will these municipal stores drop their prices again? I would think a set profit rate for a municipal store would cut out price gouging, but allow private grocery stores to continue operations. What are actual profit margins that grocery stores in the city are running on? Many articles say 1-3% profits are typical for grocery stores. Is this true for NYC? Is this expected to a budget expense or a self funded operation after the initial investment? EDIT: To be clear I want this to succeed. Questioning the government’s implementation should be encouraged