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Yes, but, our local Walmart, in a town of 8,000 had $300,000 in sales yesterday. A normal Tuesday. one of the slowest days of the week.
You realize that has to carry them when they have days that just keeping the store open, employees and all, actually costs them money, no? Brick and mortar retail has notoriously thin profit margins.
Why don't people know that? It's easy enough to look up a publicly-traded company's profit margin.
You realize that has to carry them when they have days that just keeping the store open, employees and all, actually costs them money, no? Brick and mortar retail has notoriously thin profit margins.
Why don't people know that? It's easy enough to look up a publicly-traded company's profit margin.
Especially where groceries are involved, as compared to other industries.
Walmart spend 20 billion on stock buybacks this year, why anyone would feel bad for them is just bizarre. All grocery stores have low margins, they make their money on volume. Doesn't it strike you as odd that an employee owned grocery store like Winco can pay their employees more than Walmart, sell the same products for less money and fund pensions with an ESOP https://www.forbes.com/sites/maryjos.../#68a97eb95700
Walmart spend 20 billion on stock buybacks this year, why anyone would feel bad for them is just bizarre. All grocery stores have low margins, they make their money on volume. Doesn't it strike you as odd that an employee owned grocery store like Winco can pay their employees more than Walmart, sell the same products for less money and fund pensions with an ESOP https://www.forbes.com/sites/maryjos.../#68a97eb95700
Good for them. Let Winco do their thing and let Walmart do their thing. Two different business models, you cant apply some sort of cookie cutter model here just because your hypothesized end result makes you feel good.
Good for them. Let Winco do their thing and let Walmart do their thing. Two different business models, you cant apply some sort of cookie cutter model here just because your hypothesized end result makes you feel good.
You probably should look up hypothesis in the dictionary
As to my earlier post, in which I said it's easy enough to look up a company's profit margin, here's an example...
The left incessantly whines about health insurance companies raking in the dough. Well... not really. HCSG, the 4th largest health insurer in the US and a parent group of BC/BS in several states with Illinois and Texas accounting for 83% of its business, only has a profit margin of 5.15%.
You probably should look up hypothesis in the dictionary
Oh, so its a fact that Walmart can pull off what that other store you referenced is doing? Thats fascinating, let me know when I can rent some time with your crystal ball.
Yes, but, our local Walmart, in a town of 8,000 had $300,000 in sales yesterday. A normal Tuesday. one of the slowest days of the week.
And?
It has NOTHING to do with ANNUALLY they have between 1 and 2% NET PROFIT.
MANY stores make around 80% of their sales during the Xmas season. WITHOUT a GOOD Xmas season they will go OUT of business.
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