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I don't believe the trope that retail makes razor thin margins. Considering most major retailers including Walgreens make profit hand over fist
by short12 5y ago
I don't believe the trope that retail makes razor thin margins. Considering most major retailers including Walgreens make profit hand over fist
- rmk 5y agoIt's not a 'trope'. It's a fact. Major retailers, including Walgreens have net profit margins in single-digit percentage points (it was 4.1% this quarter). The reason they make large profits is that they do large amounts of business (their revenues were 28 billion this quarter).