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Doesn't that also count the investment losses they made last year, the cost of gobbling up other companies, the interest from the debt they acquired with previo
by hansvm 1y ago
Doesn't that also count the investment losses they made last year, the cost of gobbling up other companies, the interest from the debt they acquired with previous expansionary practices, etc?
- kasey_junk 1y agoSure, but you can run the numbers for basically every grocery in America. The industry considers 3% margins to be outstanding.
- hansvm 1y agoThat reads more as an indictment against hyperscaled grocers than an argument that the current price gouging is unavoidable.
- kasey_junk 1y agoYou can get the same numbers out of small scale grocers too. It’s a brutal retail business with low margins and easy replacement. It’s probably the last industry I’d look to for price gauging accusations. The typical argument against monopoly grocer situations is that they are problematic for how they deal with _vendors_ not customers.