0.5% gross on a 1% margin business (which is most retail) is egregious.
replyI would like to know where that 1% retail business is located. My family has a bunch of hardware/electricity retail businesses and the margins are way more than that. Like 30%-500%.
replyGroceries and fuel come to mind.
replyYou mean subsidized wares that is priced for loss to lure masses to cheap shopping, while selling other stuff above the price? Like buying liquors like rum and whiskey in european supermarkets is almost guaranteed to give cca 2x the price of cheapest online sellers in same country. Thats age old tactic, you need to look at overall sums spent or prices across the offer
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