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

Red Apple Group chairman and CEO John Catsimatidis discusses New York City Mayor Zohran Mamdani's push for state-run grocery stores on 'America Reports.'

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.