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<p>[QUOTE="mikenoodle, post: 642092, member: 307"]no, Eddie, I am not confused. Many grocers, including the one that I work for, do not operate on margins of more than about 7%. They do, however, do in the neighborhood or $50M - $70M in volume per week. The COGS is often upwards of 95% on these items and are exactly the reason that we have had massive consolidation in the grocery industry over the past 10 years. Even 2% margin on $70m returns $140,000 per week in profit. I think that most corporations would be happy to turn that kind of profit every week. </p><p><br /></p><p>Although I appreciate the fact that you may believe that what you say is true, it just isn't the way that it is. I am not thinking of anything different. I have a BS in Business from the University of Illinois, I think I have a basic understanding of accounting and it's practices.</p><p><br /></p><p>That's what I think on that.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 642092, member: 307"]no, Eddie, I am not confused. Many grocers, including the one that I work for, do not operate on margins of more than about 7%. They do, however, do in the neighborhood or $50M - $70M in volume per week. The COGS is often upwards of 95% on these items and are exactly the reason that we have had massive consolidation in the grocery industry over the past 10 years. Even 2% margin on $70m returns $140,000 per week in profit. I think that most corporations would be happy to turn that kind of profit every week. Although I appreciate the fact that you may believe that what you say is true, it just isn't the way that it is. I am not thinking of anything different. I have a BS in Business from the University of Illinois, I think I have a basic understanding of accounting and it's practices. That's what I think on that.[/QUOTE]
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