What do you think of Gristedes prices? (West End: real estate, groceries)

[jonbenson]

https://www.youtube.com/watch?v=KlOQxsqO2gw
John Catsimatidis

Catsimatidis said he is expecting “a 6% annualized rate of inflation” by October

What do you think of Gristedes prices?

they seem a bit bandit-ish if you've been in there lately
been in the produce section lately?

[SeventhFloor]

This is a Manhattan question

[jonbenson]

Originally Posted by SeventhFloor

This is a Manhattan question

yes, I don't think they are in any other boroughs except one store on Clark St in Downtown Brooklyn


also interesting, about the similar D'Agostino's chain, NY and Westchester:

" By 2016 under financial pressure, D'Agostino's consolidated to nine stores (now ten), all in Manhattan, and sold a controlling interest to John Catsimatidis, owner of Gristedes"

[jonbenson]

Catsimatidis net worth estimated at $3.4 billion

[Mr. Ryu]

Originally Posted by jonbenson

Catsimatidis net worth estimated at $3.4 billion

I believe his fortunes comes from Red Apple Group, a real estate and aviation company with about $2 billion in holdings

https://en.wikipedia.org/wiki/John_Catsimatidis

[jonbenson]

Originally Posted by Mr. Ryu

I believe his fortunes comes from Red Apple Group, a real estate and aviation company with about $2 billion in holdings

https://en.wikipedia.org/wiki/John_Catsimatidis

that still leaves 1.4

they have 31 locations according to Wikipedia. I looked on a map and just saw 19 though

[Midtown07]

Their prices are flat out outrageous. There is a location near where I've been staying since Covid in Hells Kitchen and I find that their groceries are overpriced. $7.59 for Egglands Best Dozen Eggs. $7.99 for Honey Nut Cherrios. $6.99 for Tropicana Orange Juice. You can find Honey Nut Cherrios at Whole Foods for $2.99.


I have noticed, weirdly enough, when I look at the prices on the InstaCart app, they seem to be cheaper. Either way, I don't shop there.



There used to be a Western Beef, which had more reasonable prices on West End Avenue but they closed down during the pandemic. Now I travel to the Bronx for the supermarket and Whole Foods for specialty items.

[jonbenson]

Originally Posted by Midtown07

There used to be a Western Beef, which had more reasonable prices on West End Avenue but they closed down during the pandemic. Now I travel to the Bronx for the supermarket and Whole Foods for specialty items.

There are some items at Trader Joes that are descent, keyword some

[dfc99]

What Manhattan and Brooklyn need are large, clean, bright, well-stocked supermarkets like Stop-N-Shop and ShopRite.


Stop-N-Shop Hylan Blvd, 64,000 square feet -

[jonbenson]

Morton Williams is pretty good