Latest / Shane Hewitt and The Nightshift
SHIFTHEADS: Forty Percent Cheaper. Three to Four Percent Margins. Do the Math
Not-for-profit grocery stores are coming to Toronto and the NDP wants 50 of them across the country. Dr. Sylvain Charlebois was in a university classroom 15 years ago when a student suggested nationalizing food distribution and the whole room laughed. He is not laughing now. He is asking whether anyone has looked at the numbers.
What does it mean to promise 40 percent savings when grocery store margins run at three to four percent and the cost of goods is 70 to 75 cents of every dollar before anyone has paid rent or staff? Dr. Sylvain Charlebois says unless someone is giving away the food…
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