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In Canada, our grocery stores are so competitive on price that most of the actual bottom line profit derives from fining suppliers for all kinds of things (prod
by nibs 11y ago
In Canada, our grocery stores are so competitive on price that most of the actual bottom line profit derives from fining suppliers for all kinds of things (products not selling through, mislabelling, late shipments, short orders, back orders, lack of responsiveness, food safety infractions). Even the impulse items are only marginally if at all profitable. I only know this because we make financial software for the industry. It is a strange byproduct of competition.
- nickpsecurity 11y agoThat's really wild. Here in the U.S., the industry does a bit of that in terms of short orders. The rest I don't recall being big issues. Companies do whatever is good for business then use lawyers for the rest. ;)