Here’s the thing with modern groceries: most grocers are paying at cost or lower per food item. They are less than paper thing margins. Places like Costco will even sell them at a loss. Why? For not Costco-style stores it’s everything else is marked up heavy (also selling your data from those coupons or buying habits.) For Costco and similar businesses, it’s the membership fee.
I remember back when I worked one my boss explained that our store made about 4 cents per dollar on most food items.
And for a lot of them that were easily damaged, and thereby we lost a lot in transit due to shit warehouse workers, we basically stocked them at a loss just to keep the vendor happy and our customers coming in to buy other things.
Grocery stores have a lot of faults but their markup is usually one of the fairest in the business.
She never had to work at a grocer, did she?
Here’s the thing with modern groceries: most grocers are paying at cost or lower per food item. They are less than paper thing margins. Places like Costco will even sell them at a loss. Why? For not Costco-style stores it’s everything else is marked up heavy (also selling your data from those coupons or buying habits.) For Costco and similar businesses, it’s the membership fee.
I remember back when I worked one my boss explained that our store made about 4 cents per dollar on most food items.
And for a lot of them that were easily damaged, and thereby we lost a lot in transit due to shit warehouse workers, we basically stocked them at a loss just to keep the vendor happy and our customers coming in to buy other things.
Grocery stores have a lot of faults but their markup is usually one of the fairest in the business.