4 ms·
> course if the base cost goes up, and margin % stays the same you will have "record profits" Yes, we know this. But we disagree it is a good thing to maintain
by orra 4y ago
> course if the base cost goes up, and margin % stays the same you will have "record profits"
Yes, we know this. But we disagree it is a good thing to maintain a constant percentage margin.
Tesco’s (etc.) isn't innovating. It's being rewarded solely for putting its prices up significantly.
Ordinary people are being forced and asked to afford less. Corporates could also show some restraint.
- phpisthebest 4y agoThis is showing extreme business ignorance, I am not sure about Tesco, or UK grocers, but in the US the average margin is around 3%, this is one of if not the lowest margin industries. Keeping that margin at 3%, even if raw profits increase is a responsible business model, margin that low can put businesses in terrible places when recessions hit. To believe grocers to stick to a raw profit number, and not look at margin at all is ridiculous and irresponsible to not only the shareholders of the company but the employee's and customers as well Your advice is what leads to store closings and food deserts
- deleted 4y ago[deleted]