Quote:
Originally Posted by Andy6
It's a guaranteed revenue stream, more or less (grocery stores would be a good thing to own right about now) I would also think that the margin figure is for grocery items - stores would also have other revenue streams (non-food items they sell, renting space to pharmacists, etc.). That said, it's an incredibly competitive industry and margins are definitely cut to the bone.
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Certainly. There has to be some money in it... otherwise, why would anyone bother? I suppose with The Bay supermarket, it wouldn't surprise me to learn that it made enough money to keep chugging along when HBC ran it, especially as a package deal with Zellers which it was in its final years. But once you removed those advantages that The Bay enjoyed, suddenly it wasn't quite as appealing. I'm not surprised that no one wanted to run a supermarket in a half-empty basement after Zellers closed.
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