Mikedezo44
Well-known member
It's just kinda hard to believe that out of 330 million and 35+ million people, these were the best options.
|
|
|
Inflation
- Thread starter nobbie48
- Start date
justride
Well-known member
This pound of butter costs nearly $10 at Loblaws. Why so expensive? It’s complicated …
Food industry expert says the reason butter is so expensive these days isn’t simple and goes all the way back to the farm.
www.thestar.com
butter makes it better
Shoppers Drug no-name is $4.99
sburns
Well-known member
Is this article somehow trying to justify the exorbitant costs and make us feel better? I didn't even open the link.This pound of butter costs nearly $10 at Loblaws. Why so expensive? It’s complicated …
Food industry expert says the reason butter is so expensive these days isn’t simple and goes all the way back to the farm.
butter makes it better
Shoppers Drug no-name is $4.99
I'm still seeing food prices changing weekly up and down. Makes no sense.
What's worse here Loblaws owns Shoppers, so basically the same butter product priced differently??
It’s all a scam. There’s very little choice in Canada for grocery stores. A small number of conglomerates own the majority.
Same poo different name.
It's marketing. When you board an airplane the person sitting next to you could have paid double or half what you paid. The hard part is that prices change so often a person can't remember what they paid last time whether it's groceries or gas.
The other part is seeing produce rotting on the shelf because it wasn't that great to start with and no one is going to pay $5 for a small wilted romaine.
At the same time the margins are still tiny I wouldn't sell for the prices they charge. Huge volume but 3% isn't much.
Sent from the future
Agreed. But that’s where the difference is between your business and groceries.
When I was in water and wastewater it was 15-25% margins. New cars 3-5%. Used cars 10-15%. Heavy machinery 5-10%.
All depends on market, volume and pricing.
If a grocery store only makes 3% on an item but turns over the item every day it's not unlike getting 3% a day interest. Where else do you get that?
Put a $50 oddball part in stock and it takes up a square foot of floor space. If it sits for two years that could be $50 in the rent alone. Mark up would have to be 100% to break even.
Mad Mike
Well-known member
Gross Profit Margins are quite high in Canadian grocery chains. Over the last decade, the giants have been able to increase their margins by 30% over the last decade. Loblaw's margin hit 32.5% recently.
The tough part is the operating margins are more than double the industry average -- this doesn't come from operating efficiencies -- it's lack of competition in the market and high prices. Loblaws and Sobey's can set prices high because they control so much of the market, competitors gladly follow the prices up knowing they can always stay competitive by being a wee bit cheaper. All the grocers win!
The solution is breaking down the monopolies. For something as fundamental as food supply, no single operator should be able to consolidate beyond 10% share of the entire market.
sburns
Well-known member
Yeah but our Gov sucks.
Oh and if inflation wasn't bad enough, expect another tax on gas on Jul 1st. (carbon tax 2)
Frak…I forgot about that one coming online soon.
This is the way to kill the middle class and fook everyone else. Bastards.
should have kept your 500
Maybe…a part of me misses it and a larger part of me is looking forward to what’s next.
daught
Well-known member
Interesting podcast with Isabella Weber's alternative view on inflation causes and solutions. It might even apply to housing in Canada.
Last edited:
Friggin walls. I can't read the article unless they are allowed to track me. I used to use outline but that died. I think there is another solution but I can't be bothered.
daught
Well-known member
Ops my bad. I thought the link was non paywalled with links to the podcast on all the podcast services.
Search for:
Odd Lots Isabella Weber on the Big Rethink of Inflation
podcasts.google.com
Search for:
Odd Lots Isabella Weber on the Big Rethink of Inflation
Google Podcasts
With Google Podcasts, you can find and listen to the world's podcasts for free.
podcasts.google.com
Thanks. Not a bad player too. Able to speed them up. People talk too slowly.Ops my bad. I thought the link was non paywalled with links to the podcast on all the podcast services.
Search for:
Odd Lots Isabella Weber on the Big Rethink of Inflation
Google Podcasts
With Google Podcasts, you can find and listen to the world's podcasts for free.
Just saw on the news, "Most Canadians buy from 3 major grocery stores."
|
|
|
|
|