8. The margins of profit are notoriously thin for grocery stores.
The industry standard is 1-2 percent.
Whole Foods has the best margins, registering around 3 percent. The franchise started as a single store in Austin in 1980 and now has over 300 stores. On average, customers spend 4 dollars more per basket at Whole Foods.
You are making me think about my grocery stores differently.
Very interesting article. Grocery stores will never be the same in my eyes.