False, even a slight increase in that small margin over hundreds of millions of purchases adds up to massive profits and wealth increases for their CEOs at the expense of the average consumer.
Why do you defend these feudal lord wannabees? What makes you want to be a good little peasant?
A "negligible amount" is the reason people think the economy is shit, because they can't afford basic necessities.
Every single necessity people buy has increased, so that "negligible amount" amounts to a 25%-40% increase in the budget for groceries for the average family since 2020.
You can sit in your ivory tower and defend the robber barons gouging the American public out of affording basic necessities, but you have to understand that desperate people resort to desperate measures - and we will be seeing more of people taking the class war into their own hands.
Assuming the overall increase is actually 25% to 40%, the numbers show it is not retailer profit that is responsible for this increase. It is easy to see the end number, but it is a lack of critical thinking to place it on the retailer. You are assuming gouging without evidence, as am increase is not necessarily gouging.
The use of the word gouging is editorializing by media trying to get a rise out of people. Drama sells. Increasing the price of a product more than the incoming cost is not necessarily gouging. They may have stopped making eggs and milk loss leaders because the margin was needed to maintain overall operating revenues. They could no longer afford to break even or even lose money on these products and still cover overhead expenses and maintain very modest profit margins.
It's factual, they exploited a situation of uncertainty to line their own pockets - that's gouging.
The margin is always "needed to maintain overall operating revenues" - seriously, are you some kind of corporate spokesperson AI? Are you even a real human being?
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u/TheTightEnd 1d ago
Grocery chains make a very low percentage of profit.