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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 · 4 answers · asked by Everyman 3 in Social Science Economics

4 answers

Yes, but it all balances out as if they had had several ok days instead of one really high volume day

2006-11-24 07:26:16 · answer #1 · answered by Anonymous · 0 0

It was the blackest day of my year.

I find it absolutely depressing that on a Holiday as potentially noble as Thanksgiving the only good news was endless hours of ariel footage of Americans like giant cattle filing into Wal-Marts like some sick pilgrimage–at the crack of dawn, barely able to control ourselves as we consumed more crap we don't need. The only break besides commercials telling us to buy more crap was the weatherman who would cheerily cut in from time to time to say how great it is; the temperatures are so high that no one needs a jacket in New York in November. Meanwhile out west an arctic bird circles over California because he can't find the arctic anymore...

2006-11-24 23:46:20 · answer #2 · answered by bathroomgirlnyc 3 · 0 0

So, what's the question? Granted, you've listed some statistics the general public might not know, but, again, where's the question?

2006-11-24 15:20:46 · answer #3 · answered by Laurie K 5 · 1 0

and your asking???????

2006-11-24 15:25:09 · answer #4 · answered by Anonymous · 0 0

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