Supposedly this is the first day of the whole year that retailers make a profit--take in more than expenses. We heard that all the time at Sears. What they don't tell you is they are not talking about the calendar year, but the fiscal year which begins in October.
Another spin is that grocers make only 1 cent on each dollar of goods sold. It's true but misleading.
They make 25 to 40% on their investment, whereas us ordinary people are happy if we can get 5%.
Figures may not lie, but liars sure know how to figure.
2006-11-24
07:16:58
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4 answers
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asked by
Everyman
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in
Social Science
➔ Economics