Chart of the Week: The public still (wrongly) think supermarkets are ripping them off
Retailers have been hearing a lot about the International Energy Agency lately, but there was a cracker of a survey from the other the IEA (Institute of Economic Affairs) the other week (hat tip to The Grocer’s George Nott for the story). The thrust of the research was that Brits ...
Brits think hospitality companies like pubs, restaurants and hotels are operating on a 40% margin, fashion retailers on a 47% margin and supermarkets taking in profits of 50%. Of course, were that true, the debate would be about the public realm being overloaded with pubs and bars, rather than the fact that so many of them are disappearing.
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