This claim reflects a deliberate misportrayal of the nature of the food retail business. While retail is thus an inherently “low margin” business activity, this hardly means it is not profitable. *1* That may seem “small” relative to the firm’s total revenues: which reached $45 billion over those nine months, an increase of 6%. In this context, it is quite wrong to equate a “low margin” business with a “low profit” business. The experience of the food retail sector contrasts with that of the food manufacturing sector in Canada.

Source: CBC News December 11, 2023 02:05 UTC