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> Like all the other versions of this, the savings are absorbed by the company, not passed on to the consumer. Grocery stores (at least here in the UK) are not
by gib444 4mo ago
> Like all the other versions of this, the savings are absorbed by the company, not passed on to the consumer.
Grocery stores (at least here in the UK) are notoriously low margin and have been for a long time. I think this is the one sector where savings are indeed passed on to the customer.
- fmajid 4mo agoTesco (largest U.K. supermarket chain) has a razor-thin 2.23% profit margin.
- gib444 4mo agoIt's a whopping (!) 4.3% according to [0] though maybe in the 90s/10s it was lower [0] https://www.tescoplc.com/investors/reports-results-and-presentations/financial-performance/five-year-record https://www.tescoplc.com/investors/reports-results-and-prese...