[OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31)MrMitchWeaver t1_j9fqm4i wrote
Reply to comment by Shadowtirs in [OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31) by IncomeStatementGuy
I'm more surprised that they only have about a 2% net profit margin
oby100 t1_j9gh3mr wrote
That’s how Walmart annihilated mom and pop shops. Low margin times massive scale still equals massive profits, but no small shop can possibly operate on such low margins.
The real tragedy is when a Walmart kills all the small stores, but then the location closes for not being profitable enough
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