Independentthinker
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- Oct 15, 2015
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Who would have ever thought that government run grocery stores would be horrible and lose money? Yet another example of the left's embrace of socialism. Let's go Chicago! Set that goal of only losing 100K per year. It's good to set goals.
"Erie Market, which the city took over in 2021, is losing money almost every month amid stiff competition from a Walmart 15 miles away and a Dollar General across the street," reports the Journal's Joe Barrett. Erie Market posted just a single profitable month during 2022 and lost $132,000.
Maybe Erie's erstwhile government grocers didn't realize that—unlike with other government services—grocery stores are subject to competition. Bummer.
But city officials "aren't giving up," they tell the Journal. Meanwhile, the store's manager says the "goal" is to lose only $100,000 this year.
www.yahoo.com
"Erie Market, which the city took over in 2021, is losing money almost every month amid stiff competition from a Walmart 15 miles away and a Dollar General across the street," reports the Journal's Joe Barrett. Erie Market posted just a single profitable month during 2022 and lost $132,000.
Maybe Erie's erstwhile government grocers didn't realize that—unlike with other government services—grocery stores are subject to competition. Bummer.
But city officials "aren't giving up," they tell the Journal. Meanwhile, the store's manager says the "goal" is to lose only $100,000 this year.
Government-Run Grocery Store Is Predictably Losing Money
The folly of government-run grocery stores is sadly not a historical relic like the USSR.
