Originally Posted by SVNeko
Of course they will raise their prices as high as they can. They are not running a charity. And putting competitors out of business has helped them do it.
Of course, but it isn't like WM is printing money
, they have a pretty poor profit margin compared to most retail. And unlikely most retail, labor isn't their biggest cost, it's inventory.
A grocery store (which is notoriously fast) will typically have an Inventory Turnover Rate of about 18, meaning on average they sell everything's in the store 18 times a year. Most retail is between 6-8, WestMarine is ~.6 . So the average item in WM sells about once every two years. That's actually slower than a high end jewelry store like Tiffany's.