Exact(1)
Analysts have suggested that part of the reason Sainsbury's would be against extended hours on Sundays is because it could lead to a fall in business at its highly profitable convenience stores, which charge higher prices and can open longer providing they are smaller than 3,000 sq ft. Rival Asda, which has no convenience stores, has been vocal in favour of relaxing Sunday trading laws.
Similar(59)
Even if the United Nations defined a link, though, it's not clear that its members would be willing or able to enforce it when flags of convenience are so profitable for both states and ship owners, who stand to save millions of dollars a year in wages and taxes.
Whether e-commerce will help the convenience stores become more profitable is unclear.
More valuable, perhaps, as a convenience to its most profitable business travelers, is the new system Travelocity has developed that will let travelers change their return flights with just a few clicks.
But running convenience stores is also significantly less profitable than big-box grocery retailing.
That meant more people bought lower-margin multipacks of sodas than the more profitable single-serving sizes sold in gasoline stations and convenience stores.
Elaborating on a Wall Street Journal report that Macy's is shrinking some stores, Gennette described them as "neighborhood" stores that are still profitable and will play the role of servicing the "convenience" needs of its shoppers.
Its smaller "Express" shops designed to compete with little convenience stores—have invaded the high street, with profitable results.
"These are profitable categories," says Steven Montgomery, president of b2b Solutions, LLC, an Illinois convenience store consulting firm.
Blueberries and cranberries require the same type of sand to thrive, and as the blueberry's popularity increased among consumers drawn to its taste, appearance and convenience, some cranberry farmers began converting their acreage to this profitable fruit.
And in spite of the fact that convenience stores charge higher prices than larger shops, they are much less profitable due to their high operating costs.
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