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To: dvan

Quit reading at point 2.

Only about 2% of a retail sale is profit. The rest has to cover costs, such as the facilities, employees, utilities, merchandise, insurance, maintenance, security, advertising, and (a huge part of the cost) shoplifting.

I swear these people have to have somebody walk them through the process of velcro tying their shoes every morning.


22 posted on 09/23/2010 10:14:25 AM PDT by lurk
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To: lurk

Was skimming the posts to see if I was the only one who noticed that. I think this guy may have to tweak his conclusions just a wee bit.


57 posted on 09/23/2010 11:23:42 AM PDT by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: lurk
Quit reading at point 2. Only about 2% of a retail sale is profit.

Do the math. He said $36,000,000 in sales every hour. That's $600,000 in sales every minute. He then said that works out to $20,928 in profit every minute, or 3.5% profit. While higher than your estimate of 2%, he didn't just divide sales per hour by 60 and print that.

62 posted on 09/23/2010 12:20:10 PM PDT by tnlibertarian
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