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A comment on Amazon has radically transformed small businesses in both the U.S. and China. Parent comment

Re:Amazon has radically transformed small businesses in both... by TylerE on Wednesday January 25, 2023 @04:49PM (#34524641)
My understanding is that most stores (especially grocery stores) basically make no money on sales...purely break even +/- a percent or two... all the actual profit comes from selling premium shelf space.
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Re:Amazon has radically transformed small businesses in both... by a9h74j on Wednesday January 25, 2023 @07:21PM (#34526159)
> make no money on sales

On the model of "make the profit on replacement parts," perhaps groceries chains should be buying hospitals chains to profit from all the unhealthy food they are selling.

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Re:Amazon has radically transformed small businesses in both... by mtnGoat on Wednesday January 25, 2023 @08:31PM (#34526667)
My best friend growing up, his dad ran grocery stores. He said they had a 3-5% margin across their offerings.
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Re:Amazon has radically transformed small businesses in both... by lotsofpulp on Wednesday January 25, 2023 @11:21PM (#34527645)
And if you look at Costco, Walmart, Kroger, Albertsons, Target, Best Buy, etc 10-K reports, you will find the same profit margins.
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Re:Amazon has radically transformed small businesses in both... by hammock on Wednesday January 25, 2023 @11:18PM (#34527634)
The fact that a retail store buys their goods for half the retail price does not automatically mean they make a great profit
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