“Grocery stores are going low volume high price retail model. I’ll bet most food is thrown away. If they sell 2 at a really high price and row away 8 then they are still ahead. Less work.”
Excellent observation. Absolutely what I have been suspecting myself. The worst part is, they still do not have a loss because they can also write the spoilage off.
“Grocery stores are going low volume high price retail model. I'll bet most food is thrown away. If they sell 2 at a really high price and row away 8 then they are still ahead. Less work.”
Statement by you who also does not know jack or even jill. Excellent observation. Absolutely what I have been suspecting myself. The worst part is, they still do not have a loss because they can also write the spoilage off.
All grocery stores work on SBT. That is scan based trading.
They do not own the product. What they get is a percentage when it is sold. If they do not sell they do not get paid. But they still had to give up shelf space (a fixed cost) and labor (a variable cost). Every unit not sold costs them money. They also have to cover any theft and any spoilage that is not normal shelf life out of that percentage.
You do not know anything about the business you are talking about.
Please stop.
You are starting to make me feel sorry for you.