I’m not going to get into whether we have too many of these social programs. WIC stands for “women, infants and children” and it’s a federal nutrition program administered by the states that is meant to supplement all the other social services available. The other day Red Apple, and then Gristedes, stopped taking WIC checks, and Catsimatidis called me to explain why.Īnd before you start thinking about placing blame, let me tell you this tale is a pretty unusual financial story because it strangely has neither heroes nor villains - just a lot of confused people trying to implement a federal program worth billions. It’s owned by John Catsimatidis, a Greek-American tycoon who also owns a second supermarket brand, Gristedes.
Red Apple is one of the few locally owned supermarkets left in Manhattan, the others having been driven away by high rents. This is about blank checks and bounced checks - and why supermarkets are closing in Manhattan.
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