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I don't know about hardware stores, but non-grocery retail that I am familiar with targets 50% gross margin (revenue from goods sold minus cost of goods sold).
by nitrogen 6y ago
I don't know about hardware stores, but non-grocery retail that I am familiar with targets 50% gross margin (revenue from goods sold minus cost of goods sold).
- lotsofpulp 6y agoAnd they still end up with low single digit profit margins, which means with even more returns, they'd have to try to get even more gross margin. Best Buy gross margins are 22%, but their net margin is 3.75%. In a good quarter. https://www.macrotrends.net/stocks/charts/BBY/best-buy/gross-margin https://www.macrotrends.net/stocks/charts/BBY/best-buy/gross... https://www.macrotrends.net/stocks/charts/BBY/best-buy/net-profit-margin https://www.macrotrends.net/stocks/charts/BBY/best-buy/net-p...