3 ms·
No, I’m not. In Italy it’s common to see markups of 600% on veggies at the supermarket. There are few intermediaries and they get to dictate prices, mandatory
by eecc 6y ago
No, I’m not. In Italy it’s common to see markups of 600% on veggies at the supermarket.
There are few intermediaries and they get to dictate prices, mandatory discounts, and run double-discounted auctions (which the legislature is trying to make illegal.) If you get to outsmart them selling to another distributor (as if they’re not conniving already) good luck selling your next load of perishable goods before it rots.
Also brick & mortar shops make hideous markups to cover for their poor selection, inventory and commercial space rent (so sure, it doesn’t line only their pockets but for the final consumer it doesn’t make much difference.)
- toyg 6y agoI think we’re not talking about the same definition of margin. If Widget A goes through 10 intermediaries and each skims 5%, that’s still 5% margin for every link of the chain. I seriously doubt any intermediary or food distributor in Italy enjoys a 600% margin - if you know of one let me know and I’ll go buy shares in it tomorrow, the dividends must be succulent. You can argue that the chain is too long or this or that link is squeezed, but that is another matter.