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Posted: 8/12/2011 3:28:55 PM EDT
[#1]
Usually it's the little stuff, so in theory it's a great profit margin but your actual profit is small. For example, carpenter pencils at 100% profit margin or better, but at less than a quarter each and a couple hundred a week... Every penny helps though.
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Posted: 8/12/2011 3:31:03 PM EDT
[#2]
Retail GM here.
I have some products that are 85-90% profit (of sale price, mark-up works out to about 800%). Then there are the products that I make 5-8% on. |
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Posted: 8/12/2011 3:33:22 PM EDT
[#3]
Lot's of places use "loss leaders" (certain products that they sell cheap and make no profit on) to draw folks in. Everything else is a tremendous markup. Local pharmacy uses milk and laundry detergents as loss leaders to draw business.
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Posted: 8/12/2011 3:35:48 PM EDT
[#4]
When I worked in retail at Office Depot part time. They made more money on the warranties & services. Store brand ink vs HP, Epson, etc.
Didn't really make that much on computers. Theres some other items but can't remember them all |
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Posted: 8/12/2011 3:37:05 PM EDT
[#5]
SWAG? groceries, dairy, produce
no matter how f*cked up the economy gets, people still gotta eat. retail makes its profit in SQFT and selection. |
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Posted: 8/12/2011 3:40:37 PM EDT
[#6]
If a retail place does services, they usually have the highest profit margin.
Maintance, warranties, repair, etc.... |
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Posted: 8/12/2011 3:43:38 PM EDT
[#7]
I know from experience the ACE Hardware house brand stuff has margins that border obscene. They make a lot of money on house brand stuff.
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Posted: 8/12/2011 3:44:25 PM EDT
[#8]
Grocery store - thin margin, 1% to 2%
Furniture stores - much wider margins. markups of at least 100% Jewelry stores - don't even want to think about it  When you might sell a handful of items a week, you gotta make your nut fast.
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Posted: 8/12/2011 3:48:59 PM EDT
[#9]
Yes. There are things in my store that get upwards if 1000%, but the actual dollar amount is usually very low.
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