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Merchants typically have margins of at least 35%, so they may make smaller profits, but probably not negative. It may be a discount, though the value of GD is n
by gruvious 11y ago
Merchants typically have margins of at least 35%, so they may make smaller profits, but probably not negative. It may be a discount, though the value of GD is not measured solely in it's USD value.
- danielvf 11y agoI looked up the annual reports of the major grocery store chains operating in the US Southeast. Operating profits were Publix 8%, Food Lion 3%, Harris Teater 1-2%. Grocery stores are high volume, low margin business. Even a 3% increase in the cost of getting paid would brutal.