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The average grocery store profit margin is around 2.2%. If additional shoplifting amounts to a substantial fraction of that, then there's no reason to keep the
by hirundo 5y ago
The average grocery store profit margin is around 2.2%. If additional shoplifting amounts to a substantial fraction of that, then there's no reason to keep the business open. Grocery stores aren't pro bono.
https://thegrocerystoreguy.com/what-is-the-profit-margin-for-grocery-stores/ https://thegrocerystoreguy.com/what-is-the-profit-margin-for...
- Ekaros 5y agoThey have massive revenue, but low margins. Also large chunk of their stock are perishable, meaning that inventory control and so on is critical. It really doesn't compare to many other industries. And not to forgot how harsh the competition is too. Really many factors bring even some losses to be unacceptable.