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That is exactly the reason why there's no Black Friday at grocery stores.
They also have smaller margins to start with.
I’m not sure about that these days
They do
Tell that to Loblaws with it's multi-billion dollars a year in profits since lockdowns.
Someone should sue them, then! Let's see how he feels when someone lobs a law bomb at Loblaws' Bob Loblaw.
It doesn't matter what their profit is if their margin is only 2%.
It's 4% for Loblaws, and when the profit is billions it does matter.
It doesn't, because you still have a tiny margin. Get one bad year and your business will be wiped out.
Not when the profit is billions, Loblaws could run at at a sizeable loss for the next decade and still be fine.
No, it can't. 4% loss will wipe out everything they've earned. That's the problem with low margins.