32 “ City Council passed an ordinance requiring large, chain grocery stores provide workers with an extra four dollars per hour...This resulted in two of the biggest Kroger stores in the area closing permanently.” 😂 (www.zerohedge.com) posted 22 days ago by ReorderPoint 22 days ago by ReorderPoint +32 / -0 3 comments share 3 comments share save hide report block hide child comments Comments (3) sorted by: top new old worst ▲ 2 ▼ – WakingKnowledge 2 points 22 days ago +2 / -0 They knew it would happen. They are making way for more Walmart's or famine. permalink save report block reply ▲ 2 ▼ – sustainable_saltmine 2 points 22 days ago +2 / -0 people don't realize how razor thin profit margins are for a lot of businesses. Especially grocery stores. Paying a full staff an extra $4/hr adds up and it means less money that can go to stocking inventory or store maintenance or operating costs. permalink save report block reply ▲ 1 ▼ – DonaldDAO 1 point 22 days ago +1 / -0 Chain companies buy up local non-chain stores and switch the branding is all. permalink save report block reply
They knew it would happen. They are making way for more Walmart's or famine.
people don't realize how razor thin profit margins are for a lot of businesses. Especially grocery stores. Paying a full staff an extra $4/hr adds up and it means less money that can go to stocking inventory or store maintenance or operating costs.
Chain companies buy up local non-chain stores and switch the branding is all.