Legitimate question; all three of the biggest supermarkets in Australia (Coles, Woolies & Aldi) are publicly traded companies - anyone can see their quarterly/annual P&Ls.
All three post net profits of less than ~3%; so out of every $100 they earn, 97% goes towards paying suppliers, staff, utilities and covering other operating costs.
Having the Government run ~200 stores isn’t going to drastically cut prices to make things more affordable, not without underpaying staff or suppliers?
My understanding was that Mamdani’s plan to open City-run supermarkets was to help address food deserts, where the only other options end up being the equivalent of convenience stores? That’s not nearly as big of a problem here in Australia.