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Gross is irrelevant here. Net profit is 2.85% - if Amazon drops by 5% and doesn't introduce savings/efficiency, they will be losing money on Wholefoods.
by ikeboy 9y ago
Gross is irrelevant here. Net profit is 2.85% - if Amazon drops by 5% and doesn't introduce savings/efficiency, they will be losing money on Wholefoods.
- bookmarkacc 9y agoThey get a wealth of data for free though so 0% profit or marginal loss is still great for them.
- icebraining 9y agoFor free? Pretty sure they paid quite a bit to buy it.