Business
NYC grocer fears Mamdani supermarket could force family business to close
Josefina Aguirre, a first-generation American whose family has run its NYC grocery store for nearly 30 years, says Mamdani’s city-run stores could threaten her livelihood and ultimately force her family out of business.
For nearly 30 years, Josefina Aguirre has helped keep alive the East Harlem grocery store her immigrant parents built from scratch. The family business has survived soaring rents, inflation, the pandemic and a changing neighborhood.
Now, she fears New York City Mayor Zohran Mamdani‘s grocery experiment could become the final blow to the family business.
Aguirre is among the neighborhood grocers suing Mamdani over his plan to open city-backed grocery stores across all five boroughs. The mayor says the stores will offer prices roughly 30% lower than comparable retailers. Local business owners argue the taxpayer-backed competition could force family-run stores to close.
EXPERTS SCORCH MAMDANI’S GROCERY PLAN AS AN ‘ILLUSION’ THAT WILL HAVE TAXPAYERS FOOTING THE BILL
“When we heard Mamdani was opening a grocery store where people are gonna save 30%, it scares us because we don’t have the money to compete,” Aguirre said. “We’re not scared of competition, we never have been. But when you have a grocery store coming in like this, it could take us out of business.”
One of the proposed stores is slated to open next year at La Marqueta, a public market just two blocks from Little Mexico, the grocery Aguirre’s parents opened in 1997. The city is expected to spend roughly $30 million to build the location, putting a taxpayer-backed competitor virtually on Aguirre’s doorstep.
MAMDANI’S AFFORDABILITY REVOLUTION STUMBLED AS RENT COSTS SOAR TO RECORD HIGHS

A $30 million city-backed grocery store is opening two blocks from NYC grocer Josefina Aguirre’s family business. (Kendall Rodriguez/Newsday RM/Getty Images)
For generations, neighborhood grocery stores have competed against one another, along with supermarket chains and big-box retailers. Aguirre said this fight is different because the city would be subsidizing a competitor that independent businesses cannot match.
“If I’m selling a whole chicken for [$10], and he’s giving it for $7, they’re gonna buy the $7 chicken,” Aguirre said. “Who doesn’t want a 30% discount?”
For Aguirre, the stakes extend well beyond losing customers.
“I pay my mortgage from here. I pay for my kid’s tuition. This is what I’ve been doing for over 30 years. Do I need to start over in a new career?”
NYC TAXPAYERS COULD PAY TWICE UNDER MAMDANI’S CITY-OWNED GROCERY STORE PLAN

New York Mayor Zohran Mamdani has made city-owned grocery stores a centerpiece of his affordability agenda, arguing the government-backed model can deliver lower prices to New Yorkers. (Bloomberg via Getty Images)
Aguirre’s concerns are at the heart of a lawsuit brought by a coalition of New York City grocers challenging Mamdani’s plan to use public funds to create grocery stores they argue private businesses cannot realistically compete against.
Mamdani has committed $70 million to opening five municipal grocery stores, one in each borough, saying the model will lower grocery bills for New Yorkers struggling with the rising cost of food. The stores would operate on city-owned property without paying rent or property taxes, savings Mamdani says would allow them to charge lower prices.
Independent grocers argue those same taxpayer-funded advantages would leave businesses like Little Mexico competing on an uneven playing field.
NYC GROCERS SOUND ALARM ON MAMDANI’S SUPERMARKET PLAN: ‘WE’LL LOSE CUSTOMERS’

Bodegas and small grocery stores have long been fixtures of New York City neighborhoods, serving generations of residents often just steps from their homes. (Spencer Platt/Getty Images)
Mamdani’s grocery push is also an early test of his broader socialist vision for New York, putting government-run stores in direct competition with private businesses in a city synonymous with capitalism.
For Aguirre, the fight is personal.
“This is what my parents left us,” she said. “It’ll be sad to see us leave.”
But she has no intention of walking away from the business her family spent nearly three decades building.
“So what will happen next? The next thing would be closing our business, and we don’t want to close. We’ve been here for years,” she said.
Mamdani’s office did not respond to Fox News Digital’s request for comment.
Business
abrdn Total Dynamic Dividend Fund Q2 2026 Commentary
abrdn Total Dynamic Dividend Fund Q2 2026 Commentary
Business
Sandisk: It's The Perfect Time To Load Up
Sandisk: It's The Perfect Time To Load Up
Business
TCW Private Asset Income Fund Q2 2026 Commentary (undefined:TPYTX)
TCW is a leading global asset management firm with more than five decades of investment experience and a broad range of products across fixed income, equities, emerging markets, and alternative investments. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals.
Note: This account is not managed or monitored by TCW, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use TCW’s official channels.
Business
Amazon Prime Air Boeing 767 overruns runway at Miami airport

Amazon Prime Air Boeing 767 overruns runway at Miami airport
Business
Trump administration focuses on boosting oil output, Wright says

Trump administration focuses on boosting oil output, Wright says
Business
Nepal rescuers continue search for missing as identification of dead remains challenge
The death toll stood at 1,344, while nearly 5,000 people, including 589 foreign nationals, remained missing, according to Nepal Police. Around 13,400 people have been rescued so far.
The disaster was triggered by an ice-rock avalanche near the Nepal-Tibet border on August 26, sending a massive surge of water and debris downstream through the Bhotekoshi River and devastating settlements in northern and central Nepal. Homes, vehicles, roads, bridges and hydropower infrastructure were swept away or damaged.
At least 43 people were killed on the Chinese side, while more than 500 people remained missing in Tibet, according to Chinese media reports.
Of the bodies recovered in Nepal, at least 85 were children, while around 500 were recovered with body parts missing, according to officials. The condition of many bodies has complicated efforts to establish their identities.
Chitwan district accounted for the largest number of recovered bodies, with 362, followed by other affected districts including Nawalparasi East, Nawalparasi West, Nuwakot, Rasuwa, Gorkha, Dhading and Tanahun, according to Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA).
Only 98 bodies had been identified and handed over to their families, according to NDRRMA.Identifying the dead has emerged as a major challenge, with many bodies recovered after being swept downstream severely damaged, decomposed or recovered only in parts. The police have said that bodies carried far from the disaster sites and those that remained in water and mud have made identification particularly difficult.
Nepal Police has begun collecting DNA samples from relatives of missing people to help identify unclaimed bodies and human remains recovered after the floods. Relatives in Nepal can provide samples through the Nepal Police Hospital in Kathmandu or their nearest district police office.
More than 1,000 unidentified bodies have been buried after DNA samples were collected to facilitate their identification in the future, officials said.
Hospitals struggled to cope with the growing number of unidentified bodies. Large crowds continued to gather at medical facilities, carrying photographs of missing relatives and scrutinising images of the dead displayed on the walls.
Nepal’s Information and Communication Minister Bikram Timilsina has said the government would ensure that there was no shortage of relief materials or mismanagement in their distribution to flood victims. The government was actively involved in relief and rehabilitation efforts despite the scale of the disaster, Timilsina told the online edition of the government-owned Gorkhapatra.
“Nepal demands climate justice at this moment and the international community should be serious about this,” Timilsina said, adding that the disaster underscored the need for greater preparedness for future climate-related disasters.
Nearly 88,000 cooking gas cylinders have been brought into Kathmandu Valley through alternative routes over the past three days as authorities work to maintain supplies after the disruption of the Prithvi Highway – the primary vital link connecting the Kathmandu Valley to the rest of Nepal and to India.
According to Nepal Oil Corporation (NOC), 87,877 LPG cylinders were brought into the Valley between September 3 and September 6 by 18 companies.
The cylinders were filled at plants in Bara, Parsa, Makawanpur, Chitwan, Nawalparasi, Dhanusha and Mahottari districts before being transported to Kathmandu.
NOC spokesperson Manoj Thakur said supplies of petroleum products and LPG to Kathmandu Valley and surrounding areas were continuing through alternative routes despite the disruption of the main highway.
The Prithvi Highway was disrupted at Krishnabhir in Dhading on August 30 after erosion by the Trishuli River damaged the road, leaving fuel tankers and LPG carriers unable to proceed towards Kathmandu.
Nepal’s Foreign Minister Shisir Khanal and his South Korean counterpart Cho Hyun on Sunday discussed ongoing search, rescue and relief operations. In their meeting in Kathmandu, the two leaders held in-depth discussions on efforts to locate missing South Korean nationals, Khanal’s office said.
Khanal thanked the South Korean government for sending an inter-agency rapid response team and the Korea Disaster Relief Team to flood-hit areas, as well as for providing humanitarian assistance and relief materials. He also outlined Nepal’s priority of rebuilding resilient and durable infrastructure and expressed hope for continued South Korean support.
Cho expressed the “willingness of the Korean Government to support Nepal in the post-disaster reconstruction efforts” and called for Nepal and South Korea to work together to raise awareness about the impacts of climate change, including at global forums such as COP.
Kathmandu has urged friendly countries to confine travel advisories to specific flood-affected areas, while highlighting that the rest of the country remains open and safe for travel and tourism.
The country’s Ministry of Foreign Affairs said on Sunday that it and Nepal’s missions abroad were working closely with friendly countries on the issue.
The request comes after the United States issued a travel advisory on September 4, placing entire Nepal under Level 2, or “Exercise increased caution”, due to natural disasters.
Tourism is a major contributor to Nepal’s economy, accounting for about 6.4 per cent of GDP and 15.2 per cent of total employment in 2024, according to World Bank data, making travel restrictions a significant concern for the country.
Meanwhile, a fresh flood in Gorkha district early Sunday swept away four houses and a suspension bridge, although there were no casualties.
The flood occurred in Chumnubri Rural Municipality-4 after the Namrung Khola River overflowed, according to police. The four houses were swept away after residents became aware of the approaching flood and fled to safety.
Authorities said the river may have been temporarily blocked near its source before releasing a surge carrying mud and debris downstream. The Namrung Khola flows into the Budhigandaki River, and residents along the Budhigandaki have been urged to remain alert.
The flooding damaged two small hydropower projects in the wider Namrung area, according to local reports. It also affected movement in the area after the suspension bridge was swept away. PTI
Business
Boeing 767 cargo plane bearing Amazon logo crashes near Miami airport

Boeing 767 cargo plane bearing Amazon logo crashes near Miami airport
Business
Inflation, Apple, Adobe, Oracle, Macy’s, and More to Watch This Week
Inflation, Apple, Adobe, Oracle, Macy’s, and More to Watch This Week
Business
BlackRock California Municipal Opportunities Fund Q2 2026 Commentary
BlackRock California Municipal Opportunities Fund Q2 2026 Commentary
Business
BNY Mellon Short Term Municipal Bond Fund Q2 2026 Commentary
BNY Mellon Short Term Municipal Bond Fund Q2 2026 Commentary
-
Fashion2 days agoWeekend Open Thread: Beyond Yoga
-
Crypto World2 days agoBitcoin price stalls near $82K as key resistance holds
-
Politics2 days agoBest Gaming Laptops, CPUs, TVs, And Keyboards To Upgrade Your Set Up For GTA VI
-
Tech2 days agoThe Birds Outside, Drawn For You Automatically
-
Crypto World2 days agoIMF Says El Salvador’s Post-Review Bitcoin Purchases Used No Public Funds
-
Crypto World2 days agoU.S. added stronger than expected 162,000 jobs in August as labor market bounced back
-
Sports2 days agoAlexandre Pato consortium’s Northampton Town investment approved
-
Sports2 days agoGolden Eaglets Drawn in Group B for 2026 WAFU B U17 Championship
-
Sports2 days agoCommanders’ Chig Okonkwo is a top breakout fantasy football candidate
-
Crypto World2 days agoXRP price breaks falling channel as bulls target $1.53
-
Politics3 days agoA new European chapter for Gibraltar
-
Politics2 days agoThe House | Bin the lectures, bring gossip and be ready to banter: how the new PM should prepare for his Trump encounter
-
Politics2 days agoHow To Avoid Winter Colds: 4 Everyday Habits That Spread Germs, Says Pharmacist
-
Crypto World2 days agoFrom warning to listing: UK’s largest retail investment platform opens access to crypto ETNs
-
Crypto World2 days agoFinCEN flags $12.7B tied to Southeast Asia crypto investment scams
-
Tech2 days agoA Worthy Android Ereader, With Some Tradeoffs
-
Tech2 days agoHow To Edit Claude’s Memory
-
Crypto World2 days agoTrezor Data Breach Impacts 67,000 More US Customers
-
Politics2 days ago33 Cosy Autumn Home Decor Ideas: Blankets, Pumpkin Decorations, And Candles
-
Tech2 days agobeyerdynamic AVENTHO Y Debuts at IFA 2026 and Makes Wireless Headphones Less Disposable

You must be logged in to post a comment Login