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Prices at Zohran Mamdani’s City-Run Grocery Stores Will Be 30 Percent Below Retail

Still no free buses, though?

Nepo-baby socialist New York City Mayor Zohran Mamdani has been talking about city-owned and run grocery stores for quite a while now. Mamdani gave his 100-day address in April and announced that the first of five planned city-owned and operated grocery stores will be up and running in East Harlem next year, on city-owned land, at a cost of merely $30 million. The following day, we learned that the first store wouldn't be up and running until 2029.

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The stores are to be nonprofit, and the man who's never run a business now promises that prices at the city-run grocery stores will be 30 percent below retail. We're not sure how that's going to work, with commercial grocery stores running on a profit margin of about 3 percent. Not to mention that everyone working there will likely be making more than the city's minimum wage of $17 an hour.

The New York Post reports that the city grocery stores “might not have all the items” you’d find in a typical supermarket, like hot foods.

Devoted Democrats Deliver follower Harry Sisson had this to pitch in:

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We notice that he had to hold this press conference in a real grocery store, since his won't be open until 2029. The city's budgeted $70 million to get all five stores up and running, and the first one alone is slated to cost $30 million.

Whatever they lose in profit, they'll make up in volume, for sure.

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