Re:The Price-Fixing Economy
by gruez on Friday October 13, 2023 @10:51AM
(#37871294)
>How can grocery store have a 1% to 2% profit margin, when the price of the same item across grocery store chains can vary by 10-30% or more?
1. Individual price discrepancies of "10-30% or more" doesn't really matter. What does matter is overall markups.
2. The stores themselves might be upscale/higher tier, which also makes their stuff more expensive. I'm not talking about whole foods carrying organic products, I'm talking about stores that have better selection, full service butcher/deli, better cleaning, better interior design/decoration, or better location (richer neighborhood).
1. Individual price discrepancies of "10-30% or more" doesn't really matter. What does matter is overall markups.
2. The stores themselves might be upscale/higher tier, which also makes their stuff more expensive. I'm not talking about whole foods carrying organic products, I'm talking about stores that have better selection, full service butcher/deli, better cleaning, better interior design/decoration, or better location (richer neighborhood).