Quote: vastman "Absolute garbage Sainsbury's made a £587m profit in 2016 how the hell is that wafer thin!
I happen to know that a certain Supermarket buys Scotch eggs in for their value range at 23p a unit. That includes the supplier paying for the storage, transport and packaging costs (including the design) and sells them for 99p - that is virtually a 300% mark up way beyond what any small producer can demand.
Anther point, they may have lower net margins but they also have almost instant cashflow which is a powerful tool. Supermarkets order by the millions but they don't pay for it all and once and even the final call off takes 30 days to process. The customer doesn't get 30 days to pay for his groceries does he!
It's the suppliers and customers on wafer thin margins not the supermarkets but if you want to peddle that line feel free.'"
I'm not going to bother. You clearly knows better than all of our management team and the two leading economists that we had present.
A word for you though, in my experience, gobe, know it all's like your good self, know very little in reality.
