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September 25, 2021

Ex-Trader Joe president plans to open grocery store selling 'expired' food

Would you buy “expired” food? Doug Rauch, an ex-president of Trader Joe’s, is hoping you will with his new store, The Daily Table, launching next year in Dorchester, Boston.

He plans to help with food waste by using groceries close to their expiry date or slightly past and transforming them into healthy meals, such as soup, salad and casseroles. The store will also have a teaching kitchen to teach people how to create easy, healthy meals. They will also sell milk that’s past it’s expired sell date for $1 a gallon, according to the Boston Globe.

“The number-one leading problem is affordable nutrition,” Rauch told the Boston Globe. “For the 50 million Americans who are food insecure, their solution is not a full stomach. It’s a healthy meal.”

Rauch will test the concept in Dorchester and see if there’s a possibility to expanding the idea across the country.

Canadians are well fed compared to other countries, but unfortunately a study pegged our wasted food at $27 billion a year. About 51 per cent of this wasted food ends up in trash bins. Some of the reasons for this behaviour include low cost to households when food is wasted and confusion over sell-by dates.

In 2007, only spent 17 per cent of Canadians’ personal expenses went towards food, according to Statistics Canada. It just goes to show you that since we don’t spend much on it, we think it’s OK to waste it. Of all the food we buy, we only actually consume 71 per cent of the calories bought, according to Statistics Canada.

A recent Harvard study says that food expiration dates are misleading. "The labeling system is aimed at helping consumers understand freshness, but it fails - they think it's about safety," co-author Emily Broad Lieb told Reuters.

Next time, save money on your groceries, waste less food and don’t be afraid to keep eating some food past its labelled date. Websites like StillTasty and EatbyDate can help you figure out whether you should keep it or toss it.

Do you always throw out your food when it’s past the labelled date?

Josephine Lim, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...