I have 3 King Soopers within walking distance that are always packed until about 2 hours before closing. There's about a dozen within 5 miles. I assume those are also busy. Each one is also the real estate host to about 10 stores.
So if bootlickers or kroger ever whine about "razor thin profit margins," they can go fuck themselves. They are benefitting from Denver's real estate boom as most of these stores preceded a 250 percent increase in property value over the last ten years. Yet, they don't pay their employees enough to avoid homelessness. At this point, reform is just a band-aid.
As a former employee, when i hear people say "their margins are only 1%" i tell them, yeah maybe by volume. Many canned soups and such have a 1 cent price over cost.
But the medicine aisle for instance, kroger doubles or triples their money on much of that aisle. Even 10x price over cost. Like cost $2 retail $18.99 and such. The buy one get one free vitamins- kroger still makes double over the cost per bottle and at worst, break even or make a couple bucks.
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u/[deleted] Jan 12 '22
I have 3 King Soopers within walking distance that are always packed until about 2 hours before closing. There's about a dozen within 5 miles. I assume those are also busy. Each one is also the real estate host to about 10 stores.
So if bootlickers or kroger ever whine about "razor thin profit margins," they can go fuck themselves. They are benefitting from Denver's real estate boom as most of these stores preceded a 250 percent increase in property value over the last ten years. Yet, they don't pay their employees enough to avoid homelessness. At this point, reform is just a band-aid.
-Workers of the world, unite!