Because large grocery store chains are not in retail - they are in finance. They... | Hacker News

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throwaway210222 on Sept 19, 2021 | parent | context | favorite | on: Why the American shoe disappeared and is hard to b...

Because large grocery store chains are not in retail - they are in finance.

They make a fortune with the cash they get at the tills (net-0) before they pay it to their suppliers (net-60, net-90).

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