172
‘They don’t let us’: Dollarama stores sell bread, unless there’s a Sobeys nearby
(www.halifaxexaminer.ca)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 Sep 2023
172 points (98.3% liked)
Canada
7206 readers
334 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
Let's be real, in this case we're talking about Sobey's, not a Mom n' Pop grocery store. This is a company making record profits and a significant driver of inflation, they're not going to shut down because Dollarama is selling bread.
Walmarts and Sobeys are the reason local grocery stores hardly exist anymore.
They have this year, but interest rates are also up.
Their longer-term average profit margin is only 1.77%. That's not good. Most business need a 10% profit margin to be considered healthy. Most other business doing as poorly as they would have closed their doors years ago!
However, it works in their case because the retail profit's purpose is only to service the debt, expecting the actual profitability to come from land and capital appreciation. It is no surprise that their profit margin is up this year commensurate with interest rates.
They very well might. They haven't left too much room for error in the margins. Given all the bread scandals we've heard about lately, one would be inclined to think it must be a grocery store's cash cow.