Boro Park Grocery Stores vs. Newspapers and Magazines: All Out War

[Moshe123]

When you shop in clothing/jewelry/pharmacy/restaurant etc you buy on credit ?

No, but this part of the economy works like the other parts that do.

[Bukboy]

When you shop in clothing/jewelry/pharmacy/restaurant etc you buy on credit ?

Different business model, And a clothing / jewelry store has 0 security that he'll ever get his money if he gives out credit

[daybyday]

Only in the frum world are printed publications still making money... In general printed publications are a thing of yesterday, and papers are closing down left and right...
I ride the train daily and i see no one reading printed papers, everyone is on their phone... 10 years ago 50% of the train would be holding a paper.

[TimT]

No, but this part of the economy works like the other parts that do.

Which part ? I'm trying to think of another store I could just walk out without paying & I'm drawing a blank.

[Bukboy]

And everyone actually pays by the 30 days....

Well at least in my experience, otherwise NO NEW ORDERS!

[Bukboy]

Which part ? I'm trying to think of another store I could just walk out without paying & I'm drawing a blank.

Simple again, Only a food store has the security of getting his money, You can live without jewelry (and maybe restaurants) but not without bread & milk 

[TimT]

Simple again, Only a food store has the security of getting his money, You can live without jewelry (and maybe restaurants) but not without bread & milk

That doesn't make it more ok to not pay or to pay whenever you like.

[zh cohen]

Simple again, Only a food store has the security of getting his money, You can live without jewelry (and maybe restaurants) but not without bread & milk

Except that there are 40 other stores you can go to.

[Cheesecake]

Simple again, Only a food store has the security of getting his money, You can live without jewelry (and maybe restaurants) but not without bread & milk

You can live with bread and milk from a different store.

[Cheesecake]

No, but this part of the economy works like the other parts that do.

It doesn't have to.

[TimT]

It's not allowed to.

FTFY

[Work-for-ur-muny]

I don't own a grocery store, but a this is a simple deduction. If >95% of the local groceries are still allowing to give out their merchandise on credit that means that it is obviously worthwhile for them. Period. No one is running the headache of a grocery or supermarket at a loss. Of course the profit margin is lower due to the x percentage of people not paying up their bills. But the traffic of customers this way around brings still outweighs the losses.

[chff]

I don't own a grocery store, but a this is a simple deduction. If >95% of the local groceries are still allowing to give out their merchandise on credit that means that it is obviously worthwhile for them. Period. No one is running the headache of a grocery or supermarket at a loss. Of course the profit margin is lower due to the x percentage of people not paying up their bills. But the traffic of customers this way around brings still outweighs the losses.

Many groceries have stopped this practice, most of the accounts are grandfathered

[TimT]

I don't own a grocery store, but a this is a simple deduction. If >95% of the local groceries are still allowing to give out their merchandise on credit that means that it is obviously worthwhile for them. Period. No one is running the headache of a grocery or supermarket at a loss. Of course the profit margin is lower due to the x percentage of people not paying up their bills. But the traffic of customers this way around brings still outweighs the losses.

I would think the only reason they still allow is because they're afraid they'll lose the customers to places like KRM/Bingo to which they can't compete.
But don't think they just have loads of cash sitting around.

[chff]

And I can ensure, that people that started to shop by Bingo from the local groceries didn't pay their account before

[yandmk]

Every business gives out credit. People buy on credit and pay later, even while constantly running up huge balances. This is how the economy works. And yes, they making a living.

You're obviously bias to the side of the publications, and you can't allow yourself to see the grocers side of the story...

[Cheesecake]

You're obviously bias to the side of the publications, and you can't allow yourself to see the grocers side of the story...

Why can't someone simply have an opinion without bias?

[Cheesecake]

FTFY

I was referring to extending credit, not deliquency in payment.

[Cheesecake]

I don't own a grocery store, but a this is a simple deduction. If >95% of the local groceries are still allowing to give out their merchandise on credit that means that it is obviously worthwhile for them. Period. No one is running the headache of a grocery or supermarket at a loss. Of course the profit margin is lower due to the x percentage of people not paying up their bills. But the traffic of customers this way around brings still outweighs the losses.

You are taking out the human aspect of it.

It's not easy for a local grocer to say no to a customer who's been with him for years, knowing that the family will not have dinner that night or be able to make Shabbos that week.

[@Yehuda]

Who says without selling the papers they'll make a profit? And if they do, who says there is something wrong with making even more?

A little bit of research into the newspaper industry tells you they make money from the ads.