Re:Nest Outage for Apps, Thermostats, Protect, and Live Feed
by nitrogen on Tuesday November 17, 2020 @12:41PM
(#25126772)
I don't know about hardware stores, but non-grocery retail that I am familiar with targets 50% gross margin (revenue from goods sold minus cost of goods sold).
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Re:Nest Outage for Apps, Thermostats, Protect, and Live Feed
by lotsofpulp on Tuesday November 17, 2020 @12:56PM
(#25127030)
And they still end up with low single digit profit margins, which means with even more returns, they'd have to try to get even more gross margin.
Best Buy gross margins are 22%, but their net margin is 3.75%. In a good quarter.
https://www.macrotrends.net/stocks/charts/BBY/best-buy/gross...
https://www.macrotrends.net/stocks/charts/BBY/best-buy/net-p...