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That's not true, and they make money in lots of ways:
Costco operates on thin margins because they make their money on the membership fees.
They also pay up to 90 days after they sold the products and get capital gains for that.
You understand that the net profit of 1.5% includes all sales and all expenses, right? It's neat-o they're selling space in the store, but that's already factored in.
That includeds executive pay packages too, right? I dont think whoever is runnung these is going to make $21 million/yr like the kroger CEO.
That and the other blown out of sanity exec pay should help lower in store prices, even if the workers are making his proposed $30/hr wage.
You still haven't provided any proof besides a link to another comment. Last comment.
I went back to your last comment and it doesn't fit the discussion
The other commenter brought up Kroger. A grocery store that operates on a 1.5% profit margin.
I don't know what to tell you. 1.5% profit margin is razor thin. There isn't anything to cut for the private stores or the government stores.
What I'm saying is, they need to prove that because all that I'm saying is true.
Kroger is a public company, the presented numbers are their financials. Everything you mention is part of how they squeeze out a measly 1.5% profit margin. There isn’t much to cut for the private store or the government store.