quote:

Originally posted by Flashlightboy:
You think it's a ton of profit, right?

quote:

No reason to lament the lack of cashiers for most people and if you run into some issue, there's always an employee who is there to assist, even at Home Depot.

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So yes, you're not surprised by my Meh but I'm consistent about it.

quote:

Originally posted by Flashlightboy:

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Originally posted by parabellum:

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Originally posted by Flashlightboy:
I thought I read somewhere that store profit hovers around the 1-2% range and a broken bottle of ketchup wipes out the profit on a $100 sale. I don't know if it's true.

Horse shit

quote:

Meh.

Yeah, leave it to you. No surprise.

You think it's a ton of profit, right? It's not. Google results from any number of sites who study and report on this stuff say it's around 2%. That broken bottle of ketchup does eliminate the profit on close to $200 in sales after you factor in overhead and labor.

Yes, I'm meh on this. No reason to lament the lack of cashiers for most people and if you run into some issue, there's always an employee who is there to assist, even at Home Depot.

We don't complain about having to pump our own gas or having to load our own groceries in the car. No one complains about using an ATM as a teller replacement and neither do they complain about not having a travel agent to book your flight or that you're compromised in some way by having to do it yourself online.

So yes, you're not surprised by my Meh but I'm consistent about it.

quote:

Originally posted by SigMaverick:

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Originally posted by Flashlightboy:

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Originally posted by parabellum:

quote:

Originally posted by Flashlightboy:
I thought I read somewhere that store profit hovers around the 1-2% range and a broken bottle of ketchup wipes out the profit on a $100 sale. I don't know if it's true.

Horse shit

quote:

Meh.

Yeah, leave it to you. No surprise.

You think it's a ton of profit, right? It's not. Google results from any number of sites who study and report on this stuff say it's around 2%. That broken bottle of ketchup does eliminate the profit on close to $200 in sales after you factor in overhead and labor.

Yes, I'm meh on this. No reason to lament the lack of cashiers for most people and if you run into some issue, there's always an employee who is there to assist, even at Home Depot.

We don't complain about having to pump our own gas or having to load our own groceries in the car. No one complains about using an ATM as a teller replacement and neither do they complain about not having a travel agent to book your flight or that you're compromised in some way by having to do it yourself online.

So yes, you're not surprised by my Meh but I'm consistent about it.

You are either regurgitating puke you read online, or don’t understand how grocery stores work.

“1-2% profit” is actually closer to 5%, but that’s not the real profit. That’s the profit on the sale of an item.

Unfortunately your goofy math forgets to include the large sums of money the distributor and/or company of the product on the shelf pays to put the item where it is on the shelf.

Ever wonder why certain items are always in the ideal spot at all the grocery stores? It’s because they pay tons of money to be there, and they sell more due to being in that spot, or they wouldn’t pay the fee.

Not everything is as simple as it seems, shockingly, I know.


But now you know.

quote:

Originally posted by Flashlightboy:

quote:

Originally posted by SigMaverick:

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Originally posted by Flashlightboy:

quote:

Originally posted by parabellum:

quote:

Originally posted by Flashlightboy:
I thought I read somewhere that store profit hovers around the 1-2% range and a broken bottle of ketchup wipes out the profit on a $100 sale. I don't know if it's true.

Horse shit

quote:

Meh.

Yeah, leave it to you. No surprise.

You think it's a ton of profit, right? It's not. Google results from any number of sites who study and report on this stuff say it's around 2%. That broken bottle of ketchup does eliminate the profit on close to $200 in sales after you factor in overhead and labor.

Yes, I'm meh on this. No reason to lament the lack of cashiers for most people and if you run into some issue, there's always an employee who is there to assist, even at Home Depot.

We don't complain about having to pump our own gas or having to load our own groceries in the car. No one complains about using an ATM as a teller replacement and neither do they complain about not having a travel agent to book your flight or that you're compromised in some way by having to do it yourself online.

So yes, you're not surprised by my Meh but I'm consistent about it.

You are either regurgitating puke you read online, or don’t understand how grocery stores work.

“1-2% profit” is actually closer to 5%, but that’s not the real profit. That’s the profit on the sale of an item.

Unfortunately your goofy math forgets to include the large sums of money the distributor and/or company of the product on the shelf pays to put the item where it is on the shelf.

Ever wonder why certain items are always in the ideal spot at all the grocery stores? It’s because they pay tons of money to be there, and they sell more due to being in that spot, or they wouldn’t pay the fee.

Not everything is as simple as it seems, shockingly, I know.


But now you know.

I'm well aware of payments for placement. It's been going on for a very long time in the industry but it's not profit on the item, at least not outright. Do you have link or source for what an average national chain receives in placement fees?

Even if product profit is 5%, it's still not much.

Are there any other revenue streams other than sales and placement fees?

quote:

Originally posted by Greymann:
Watch out for card skimmers.
Smiths (kroger) grocery store in New Mexico had a card scimmer at the self check-out for a month before it was discovered.


.

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I was told that Apple pay is immune to skimming. This is why I use apple pay whenever it is available. Of course, Walmart doesn't do apple pay. oh well.

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Originally posted by radioman:

I was told that Apple pay is immune to skimming. This is why I use apple pay whenever it is available. Of course, Walmart doesn't do apple pay. oh well.

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Originally posted by abnmacv:
Noticed that above the self checkout machines there are ceiling cameras looking down at the person using the checkout. Like Vegas above the craps tables. Looking for cheaters.

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Originally posted by V-Tail:

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Originally posted by radioman:

I was told that Apple pay is immune to skimming. This is why I use apple pay whenever it is available. Of course, Walmart doesn't do apple pay. oh well.

I use the Walmart app. To pay through the app, you just take a picture of the QR code on the terminal; you do not need a physical card. The receipt comes to your phone.

quote:

Originally posted by HRK:

it's another place you've parked your CC number that can be hacked, not the terminal but Walmarts database, they all get hit at some point.

And it's "another app" I have to manage, login, keep a password, just like the Publix App, which I don't use anymore since they take Apple Pay.

I've gotten used to Applepay with my phone or watch, click click face pay....

• Managing the app, login, password, etc. for these (Walmart app and Publix app) is no more of a pain in the ass than Apple Pay, since they can all use Face ID (or Touch ID on older iPhones and SE). A one-time setup and Bob's your uncle.
  
  
• Re hacking: I use a Capital One card for this stuff. Capital One allows you to generate "Virtual Cards" -- as many as you want. Each Virtual Card is valid only at the merchant for which it was generated. Example: The virtual card that I generated for Publix is valid only at Publix. Any attempt to use that card number for any other vendor will be denied. Similar for the Walmart app -- I have a virtual card that will be honored only at Walmart, linked to that app.
  
  Additionally, each Virtual Card can be locked or unlocked quickly, or deleted, at the Capital One website, so if the Publix system were to be hacked, I could delete the Virtual Card that I have connected to the Publix app. A very secure system, I highly recommend it. A very minor inconvenience to generate a Virtual Card the first time I make a purchase from a vendor, but from then on, it's no extra work.
  
  Example: I bought a monthly pass for a car wash place near me. They intend to use auto-renew. Towards the end of the month, I'll tell them not to renew, but if they ignore my request and try to renew for another month, the attempted transaction will be denied, because after I made the initial purchase, I locked the card. Going forward, I can unlock it at any time if I want to buy another month's worth of car washes, or I can delete the virtual card permanently if I decide to.