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Half of NYC retail stores are closing because of Mamdani: Red Apple Group CEO
NNew York City

Half of NYC retail stores are closing because of Mamdani: Red Apple Group CEO

  • July 7, 2026

Sandra Smith and John Catsimatidis discuss New York City’s controversial plan to open city-run grocery stores, which has ignited fear among independent bodega owners. Catsimatidis, CEO of Red Apple Group and President of Gristedes and D’Agostino’s Foods, suggests offering tax credits to existing businesses to lower prices instead of government intervention.

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  • Grocery Stores
  • John Catsimatidis
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  • Sandra Smith
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