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Coronavirus and Grocery stores
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<blockquote data-quote="mobenzowner" data-source="post: 1860039" data-attributes="member: 94161"><p>Thank you sir for the kind words. Our associates have really taken to the challenge. They have made me very proud. It is not often you get to do your job, and serve our great country at the same time. This is our opportunity to step up.</p><p></p><p>On a side note, many in this business are being called price gougers. Our cost of product on beef grinds and basically all protein has jumped tremendously. We have also had to turn to non-traditional grocery suppliers to try and put product on the shelves many times at a higher cost than normal. As a matter of choice I have made the effort to absorb many of the price increases as passed on to us. I am lucky as we have the financial wherewithal to do so. We are of course doing heavy volumes to offset our increased costs to some degree. Many of the retailers in this business are single store operators who have been badly hurt by the costco's, WMSC's etc and really aren't strong enough not to pass on most of their increases. Ground beef I had to increase retail on, but to a degree such as that I am making 17% less margin than we did just 10 days ago. I can assure all the vast majority in this business realize the responsibilities we are entrusted with at this time and are doing whatever we can to keep product on the shelves.</p></blockquote><p></p>
[QUOTE="mobenzowner, post: 1860039, member: 94161"] Thank you sir for the kind words. Our associates have really taken to the challenge. They have made me very proud. It is not often you get to do your job, and serve our great country at the same time. This is our opportunity to step up. On a side note, many in this business are being called price gougers. Our cost of product on beef grinds and basically all protein has jumped tremendously. We have also had to turn to non-traditional grocery suppliers to try and put product on the shelves many times at a higher cost than normal. As a matter of choice I have made the effort to absorb many of the price increases as passed on to us. I am lucky as we have the financial wherewithal to do so. We are of course doing heavy volumes to offset our increased costs to some degree. Many of the retailers in this business are single store operators who have been badly hurt by the costco's, WMSC's etc and really aren't strong enough not to pass on most of their increases. Ground beef I had to increase retail on, but to a degree such as that I am making 17% less margin than we did just 10 days ago. I can assure all the vast majority in this business realize the responsibilities we are entrusted with at this time and are doing whatever we can to keep product on the shelves. [/QUOTE]
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