This is a prime example...

[BOSS]

Yep

Originally posted by Infinite
Not true ... the reason they can throw out so much is because the markup on flowers is so much higher than the staples they sell. I heard from one supermarket that the profit on one rose = sale of 8 loaves of bread. Little additional overhead, since they already have the store space and minimum wage staff. Even if they only sell half of what they buy they are doing well.

Exactly !!!

Wish I could operate under that set of rules

 

[jbarb]

remember that most mass merchants are happy with a gross margin of under 3% many of them are thrilled with an EBITDA of 1 1/2%. When you compare this to the mark ups on flowers, they think they are rolling in profit. Rite Aide for example gives their managers bonuses at the end of the year if they can turn in an EBITDA of more than 2%...Their going to love having flower depts in their stores.

 

[bloomz]

I had dinner the other nite with someone who works at Winco, our "big box" grocery store here. Said the flower department buys as cheaply as possible, marks up 15-20% and is losing money.
Waaahh?
I'd hate to be the flower shop 3 doors down from them, but one exists, and continues to exist (been in biz longer than me). Beats me how...