…-name groceries. Roughly 80% of their products are private-label items, also known as store brands. When you’re selling something that you also manufacture, or at least source directly, you obviously stand to make more money than if you’re buying from a middleman.Should America Be Run by… Trader Joe’s?2.7K19Stephen J. Dubner/ Freakonomics RadioEv WilliamsSep 4, 2019·1 min readThat sounds like an explanation of why they’d have more profit, not more revenue per sq foot.
