Non-profit grocery store struggles in food desert
November 30, 2020
Good Food, an affordable grocery store opened five years ago in Washington, D.C., is struggling to keep its head above water as it relies on its non-profit parent company and grants to keep going. Philip Sambol, the executive director of Oasis Community Partners, which operates the store, admits that the economics behind Good Food’s business would make it very difficult for a commercial enterprise to operate profitably. “Nothing that we’ve encountered is novel, nothing is insurmountable, but it does speak to why there are not more of these,” he said.
Recent News
Whole Foods and Amazon Fresh Offer Unlimited Deliveries for $10 a Month
Amazon has unveiled a new program that allows customers of both Whole Foods and Amazon Fresh to receive unlimited grocery delivery for just $10 per month.
GM Reports Surge in Profit on Gas Car Sales
Although General Motors has had trouble selling its electric cars, a recent report indicates that the increase in sales of gas-powered vehicles helped the company generate a profit.
Bubble Tea Bubble Bursts? Popular Brand’s Shares Plunge in IPO
The bubble tea craze has taken over cities of all sizes in the United States, but things aren’t looking good for a popular chain, whose initial public offering (IPO) tanked on the Asian market.
UPMC Cuts 1,000 Jobs Due to Post-Pandemic Challenges
UPMC, the largest employer in Allegheny County, Pennsylvania, is laying off about 1,000 employees. The cuts are a response to challenges in the post-pandemic healthcare market.