Do some arithmetic. $500 a second isn't that much if you have thousands and thousands of stores with lines at the cash registers. Have you ever seen a time when there was NOT a line at the checkouts? I sure haven't.
Then there is that economy of scale. For sure, mom&pop will pay more for a given item. But, to the tune of a thousand percent markup at the Wal-Mart? Sorry, I just can't swallow that. It just doesn't work for me.
Just as an example, there is a product that I use every day. I buy it at Wal-Mart because it costs about 10% less there. CVS and Rite-Aid have that same product for a bit more money. Both CVS and Rite-Aid could muster near the same buying power as WM. If markups were in the 1000% range, that would mean that the product would be costing Wal-Mart about $.005 each. That would not even pay for the packaging, let alone the product REGARDLESS OF VOLUME! No manufacturer could stay in business for long selling that cheaply!
I think you would be hard pressed to find any items with the kind of markups that you say. Typical retail is usually around 100% desired with "loss leaders" a bit closer to being sold at or near cost.
Now, with all due respect, I do enjoy some of the finer things in life - like sleeping indoors and even occasionally eating a meal. But the day I have to overcharge a customer to stay open would be the day I would find another line of work.
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Today's Featured Article - Women and Tractors, A Woman's Touch - by Teri Burkholder. I thought I would give you a little background on how I got myself hooked on tractors and their restoration. My family is a very "crafty" bunch of people. By crafty I mean good with crafts!! My Dad is a retired industrial engineer from Bucyrus Erie which made big shovels for excavating and he is also a wonderful wood worker. My mom and my "guardian angel" has had her own ceramic shop for 30 years and is an excellent painter. With these skills always active in our house it was hard not t
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