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<p>[QUOTE=&quot;mikenoodle, post: 642259, member: 307&quot;]eddie, not being an accountant, I will defer to those who do accounting. We are probably not speaking in exactly the same terms.</p><p><br /></p><p>I will tell you, however, that Whole Foods has probably the largest margin in the grocery business.</p><p><br /></p><p>It was just a point that I thought needed clarification. The grocery business is a place where you have to do an inordinate volume in order to stay profitable. Economies of scale are what keep these companies in business.</p><p><br /></p><p>I have also worked in other areas of retail from shoes to coins and I know that markup varies greatly. It just happens in the grocery business that on average it&#039;s much lower than anyone would expect and on balance those companies are far less profitable than anyone realizes.[/QUOTE]</p><p><br /></p>

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