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Dollar-stores overcharge customers while promising low prices

(www.theguardian.com)
510 points bookofjoe | 4 comments | 07 Dec 25 14:37 UTC | HN request time: 0s | source
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cm2012 ◴[07 Dec 25 22:17 UTC] No.46185802[source]▶
Dollar stores have on average a 2% profit margin, just like grocery stores. They are not the villains here.
replies(5): >>46185846 #>>46186045 #>>46186309 #>>46186539 #>>46186660 #
bjackman ◴[07 Dec 25 22:21 UTC] No.46185846[source]▶
This is like cheating in a golf match against a professional and then saying "I got the same score as my opponent, I am not the villain here".
replies(3): >>46185979 #>>46185982 #>>46186049 #
1. bombcar ◴[07 Dec 25 22:40 UTC] No.46186049[source]▶
Especially since it’s advantageous to adjust suppliers that you own to maintain tiny margins (who owns the land they rent, for example)
replies(1): >>46186658 #
2. 1123581321 ◴[07 Dec 25 23:52 UTC] No.46186658[source]▶
Subsidiary income would be included in a financial statement.
replies(1): >>46186772 #
3. bombcar ◴[08 Dec 25 00:05 UTC] No.46186772[source]▶
Not if the landlord is a side entity and not a subsidiary.
replies(1): >>46188317 #
4. 1123581321 ◴[08 Dec 25 04:30 UTC] No.46188317{3}[source]▶
You were talking about subsidiaries, though.

The company owning both Dollar General and the sister real estate would report consolidated income.

If you're saying there's a secret arm's length relationship between a dollar store chain and a real estate holding, structured just to trick the public into thinking low cost retail is low margin, I'm afraid that is not true.