Former Trader Joe's president opens store selling expired food

The idea is to sell wholesome, healthy food that's just barely past its prime, but is still technically safe to eat or drink, as long as you do so within a day or two.

Right now, some 40 percent of food produced in the US is wasted because it's thrown away when it gets close to the listed 'sell by' date. The food at the new stores would be sold at a huge discount.

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