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Markup on food has increased exponentially. This is something your not gonna see in the news. Markup on fresh baked goods now comes in at an average of 120% at BJs Whole sale, up 50% from about 10 years ago. I imagine the mark up of non wholesale is higher. Markup on fresh meat is all over the place, from a mere 10%, up to almost 100%, depending on what you get, but it's also up across the board.
How else has profit margins increased to the extent that they have, despite a relatively low growth in unit sales. Meanwhile, wages remain frozen, hours are cut, and top executive pay increases another another 15%.
How else has profit margins increased to the extent that they have, despite a relatively low growth in unit sales. Meanwhile, wages remain frozen, hours are cut, and top executive pay increases another another 15%.