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Pounds Stores R Us

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By *icketysplits OP   Woman
over a year ago

Way over Yonder, that's where I'm bound

On R4 now - it was first broadcast last month.

I have just heard that they seek and achieve a 40% margin!

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By (user no longer on site)
over a year ago

Just goes to show what sort of mark up tesco and the other big boys apply. They are great for washing up liquid etc, why but these things from morisons? (as an example)

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By *icketysplits OP   Woman
over a year ago

Way over Yonder, that's where I'm bound


"Just goes to show what sort of mark up tesco and the other big boys apply. They are great for washing up liquid etc, why but these things from morisons? (as an example)"

I found it was less expensive to buy Waitrose own washing up liquid (59p) rather than the same size from the Pound Shop.

The programme is looking at our psychology as well as theirs.

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By (user no longer on site)
over a year ago


"I have just heard that they seek and achieve a 40% margin!"

In my old job I'd usually have been disappointed with that.

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By *icketysplits OP   Woman
over a year ago

Way over Yonder, that's where I'm bound


"I have just heard that they seek and achieve a 40% margin!

In my old job I'd usually have been disappointed with that."

This was from one of the little independent ones that are now being squeezed out of the market. PoundLand and 99p Stores did not give their margins.

What would be a good margin for you?

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By (user no longer on site)
over a year ago

Margins depend on turnover, very little margin in cigarettes or petrol, but massive turnover. Perishable goods or slow moving items often have 100% upwards

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By (user no longer on site)
over a year ago


"I have just heard that they seek and achieve a 40% margin!

In my old job I'd usually have been disappointed with that.

This was from one of the little independent ones that are now being squeezed out of the market. PoundLand and 99p Stores did not give their margins.

What would be a good margin for you?"

It would depend what I was selling. For things that are only a couple of quid to buy in, I'd double it at least. There are things you can buy for four quid and sell for 25 with a straight face, and nobody questions it.

Granted, when you get to more expensive things you're only making a handful of change on some. With some power tools for example it's virtually impossible to make more than 5 or 6% on them, if that.

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By (user no longer on site)
over a year ago


"On R4 now - it was first broadcast last month.

I have just heard that they seek and achieve a 40% margin!"

Did they definitely say margin and not profit? Most will talk in profit on return terms not mark up. 40% profit on return is good whereas 40% markup is not quite the same.

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By (user no longer on site)
over a year ago

boycot tesco killing the high street

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By *pple16Man
over a year ago

Macclesfield

correct, every business needs a mark up which goes on wages, heating, electricity, advertising etc, so its not all profit.

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By *atisfy janeWoman
over a year ago

Torquay


"boycot tesco killing the high street"

Thanks I will....I'll stick to M&S

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