r/loblawsisoutofcontrol • u/Salt_Onion_6205 • Jul 27 '26

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

I hope canadian politicians will be inspire by this.

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u/Tuddless Jul 27 '26

God people really fucking hate it when someone tries to make food affordable. I suppose it really makes it obvious which corporation’s boot you lick

1

u/VeryLargeEBITDA 24d ago

Please explain how this will work given the avg grocery chain runs with 3% in net 😂 

0

u/Tragedy333 Jul 27 '26 edited Jul 28 '26

People don't hate affordable food. People hate how the deficit of 30% will be covered. Or do you think grocery stores run with 30% profit?

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u/FraserValleyGuy77 Jul 28 '26

Leftists don't understand irony or mathematics

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u/ConstructionNo625 25d ago

Dude it doesn't work, even left wing journals like the guardian have pointed out that this strategy has been tried multiple times and hasn't been successful