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Respected Contributor
On It
Posts: 4,789
Registered: ‎03-15-2021

Re: Sale Prices

‎07-11-2023 07:52 PM

@Jordan2 wrote:

@On It I'm sorry if I offended you I didn't mean to. I was just conveying what I was taught in a class I took. 

Thank you. No apology necessary. I just wanted to explain how fragile the retail economy is under the best of circumstances.

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Respected Contributor
granddi
Posts: 3,081
Registered: ‎03-16-2010

Re: Sale Prices

‎07-11-2023 08:00 PM

@On It wrote:

@Jordan2 Retail stores have a slim profit margin. They must pay rent, utilities, employees, insurance, state and local franchise taxes, loss on returned items, and purchase new goods. When merchandise is featured at a sale price, they are losing part of the revenue to pay these costs. They are not still making a profit on sale items.

 

 

  1. Jun 29, 2020 · The industry standard for a profit margin is between a 2.2 and 2.5x markup,meaning a dress that cost a designer $100 to produce might be sold to a retailer for $220.

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