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It's a merchant fee, that's why some places are cash only.
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Apr 22, 2018 14:51
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Hand Row posted:It's a merchant fee, that's why some places are cash only. or they cheat on their taxes
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Apr 22, 2018 15:37
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Gotta love the ~8% price pop for 'Fast' Eddie Lampert writing a letter to himself saying that he'd be willing to pay $500 million for the remaining assets of worth of Sears... 
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Apr 24, 2018 04:24
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Horseshoe theory posted:Gotta love the ~8% price pop for 'Fast' Eddie Lampert writing a letter to himself saying that he'd be willing to pay $500 million for the remaining assets of worth of Sears... I eagerly await Lampert dying a comedic self-inflicted death, similar to the Segway guy falling off a cliff due to his lovely Segway driving.
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Apr 24, 2018 09:18
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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Looks like Subway is expecting to contract slightly.quote:The company said Wednesday it expects stores to close after it rolls out a revitalization plan, announced last summer, that will require franchise owners to invest more in their operations. All Subway stores are franchise owned, rather than owned by the company. The plans to revamp locations include adding self-service kiosks, more comfortable seating and Wi-Fi and USB charging ports. In February, Subway also announced plans for a loyalty program to win back customers and stem slumping sales.
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Apr 26, 2018 12:38
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They're still dead in the water if they don't address the fact that their product just sucks.
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Apr 26, 2018 12:46
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Nonsense posted:HEB makes the rest of American grocers look like Soviet food depots. HEB was pretty impressive when I visited Texas, basically Whole Food ethics with big box mentality I thought it was modeled well. Id agree with the statement. Yes, I know this post is older than an old mall going out of buisness Liquid Communism posted:Looks like Subway is expecting to contract slightly. for announcements wise I'm really suprised about Subway. I mean, their model is pretty flexible, and healthy. Just caught me off guard. But they overshot I guess. Edit: just read a lil bit regarding Subway. Ohkay. Makes more sense now given their size and spread. zaepg fucked around with this message at 13:34 on Apr 26, 2018 |
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Apr 26, 2018 13:14
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MiddleOne posted:They're still dead in the water if they don't address the fact that their product just sucks. there are more subways than starbucks near me and the two I've tried over 5 years have made me feel poor enough that I've been asked to use a sick day
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Apr 26, 2018 14:30
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Stinky sandwich as it turns out was not a very competitive product once literally any competition surfaced.
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Apr 26, 2018 14:32
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I haven't eaten from Subway in over a decade because it's gross AF and I get sick if I smell the Subway Smell just walking by. That smell isn't bread, I know what bread smells like and it 's not Subway. That place ain't right.
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Apr 26, 2018 15:44
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exploded mummy posted:or they cheat on their taxes This. All day. Any vendor that is forcing cash usage has some sort of shenanigans going on behind the scenes. The only places I know that mandate that sort of stuff are the occasional odd-off bodega and family owned restaurants. Any service that I've ever patronized for services that totaled more than a nominal amount (say more than $500) who took cash did so to get out of some taxes on their end and then didn't charge me sales tax on mine. Then again, that's not universal. Just my anecdote.
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Apr 26, 2018 15:59
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MiddleOne posted:They're still dead in the water if they don't address the fact that their product just sucks. But yeah I haven't gone in years, wilted lettuce with soggy vegetables that have been sitting out for 48 hours on weirdly unfulfilling and chemically-tasting bread? nah i'll pass
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Apr 26, 2018 16:21
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TyroneGoldstein posted:This. All day. Any vendor that is forcing cash usage has some sort of shenanigans going on behind the scenes. The only places I know that mandate that sort of stuff are the occasional odd-off bodega and family owned restaurants. Any service that I've ever patronized for services that totaled more than a nominal amount (say more than $500) who took cash did so to get out of some taxes on their end and then didn't charge me sales tax on mine. Good example of this is Nick's roast beef in Beverly MA. Absolutely delicious, a staple of the community, cash only for some reason... https://www.bostonglobe.com/metro/2...qAeM/story.html Family that owns Nick’s Famous Roast Beef in Beverly sentenced for tax fraud posted:The co-owner of Nick’s Famous Roast Beef in Beverly, and his wife and son, were sentenced in federal court in Boston Wednesday for failing to report nearly $6 million in income and avoiding paying $1 million in taxes, according to the US Attorney’s office.
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Apr 26, 2018 16:30
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how does the taxman catch them
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Apr 26, 2018 16:55
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Vegetable posted:how does the taxman catch them Forensic accounting and the fact that some many people that have owned these family businesses have done so for decades and think that things are still the way that they were 35 years ago. You have a restaurant. It's highly regarded by the locals and frequently trafficked. There's a model for that..e.g. how much money a place like that would bring in every week and how much its expenses should total. The government has all of these models for businesses just like they do for individuals. You can only fly under the radar for so long before someone takes a look after noticing that you're wildly outside the norm of that model.
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Apr 26, 2018 17:03
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A lot of business owners also remember to cook the books on the 'income' side of things, but forget to do so on the 'expenses' side of things. Because its harder to do the latter - getting suppliers to agree to take cash, to sell you stuff off the books etc. If your sandwich joint is buying enough food supplies to sell 500k sandwiches a year for example, but you're only telling the taxman you're selling 250k... you're going to court.
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Apr 26, 2018 17:53
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Blut posted:A lot of business owners also remember to cook the books on the 'income' side of things, but forget to do so on the 'expenses' side of things. Because its harder to do the latter - getting suppliers to agree to take cash, to sell you stuff off the books etc. If your sandwich joint is buying enough food supplies to sell 500k sandwiches a year for example, but you're only telling the taxman you're selling 250k... you're going to court. Personal assets also play into it. Buying a new BMW every year but claiming you only net $30k from your business? Ya, that's a red flag. Also, if you're trying to hide cash, it can never, ever touch a bank account.
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Apr 26, 2018 19:49
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Amazon just announced they're increasing prime to $120/yr
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Apr 26, 2018 22:48
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Submarine Sandpaper posted:there are more subways than starbucks near me and the two I've tried over 5 years have made me feel poor enough that I've been asked to use a sick day There are something like 2-3x as many Subways as McDonald's in the world. The drat things are everywhere.
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Apr 27, 2018 03:50
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Liquid Communism posted:There are something like 2-3x as many Subways as McDonald's in the world. The drat things are everywhere. I think it's because it's much cheaper to start a Subway franchise than it is for McDonald's.
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Apr 27, 2018 06:30
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Star Man posted:I think it's because it's much cheaper to start a Subway franchise than it is for McDonald's. yeah. it costs practically nothing to get a subway franchise and open one up. mcdonalds is fairly expensive, a big reason being quality control (in a relative sense) iirc the cost to start a subway is like $50-100k total, including the franchise fee, which is peanuts for fast food. mcdonalds often demands the construction of a standalone building so you can do drive through, so you're looking at closer to a million bucks. but if you own a few mcd's franchises you basically are just printing money boner confessor fucked around with this message at 07:20 on Apr 27, 2018 |
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Apr 27, 2018 07:18
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FCKGW posted:Amazon just announced they're increasing prime to $120/yr lol that's more than I spend on online shopping in a year.
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Apr 27, 2018 07:22
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Yeah but you live on an island in a country where Amazon mostly sucks.
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Apr 27, 2018 07:28
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FCKGW posted:Amazon just announced they're increasing prime to $120/yr I've seen several libertarian-y people say that these tech companies aren't really monopolies because they're not raising prices, standard economic theory says monopolies should raise prices above market value. Well, now the monopoly rents are flowing, this should end any doubt about these companies' nature
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Apr 27, 2018 07:53
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but now you’ll find that monopolies are actually cool and good, according to armies of temporarily embarrassed monopolists 
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Apr 27, 2018 08:11
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Star Man posted:I think it's because it's much cheaper to start a Subway franchise than it is for McDonald's. MiddleOne posted:Stinky sandwich as it turns out was not a very competitive product once literally any competition surfaced.
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Apr 27, 2018 08:35
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icantfindaname posted:I've seen several libertarian-y people say that these tech companies aren't really monopolies because they're not raising prices, standard economic theory says monopolies should raise prices above market value. Well, now the monopoly rents are flowing, this should end any doubt about these companies' nature
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Apr 27, 2018 09:14
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Amazon has been steadily adding things to Amazon Prime, it's not super surprising that they're raising the price. At some point I imagine they'll split it into tiers.
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Apr 27, 2018 09:42
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Vegetable posted:Amazon isn’t a monopoly by any definition. And “monopolies raise prices” does not mean “price-raisers are monopolists.” It does seem like they are holding a dominant position, so saying they aren't a monopoly "by any definition" seems strange. And of course Amazon are going to use their market power to squeeze out more profit from all sides. And, to raise prices for consumers effectively and squeeze suppliers the best, you certainly need a certain dominance in the market. Cicero posted:Amazon has been steadily adding things to Amazon Prime, it's not super surprising that they're raising the price. At some point I imagine they'll split it into tiers. What have they added recently? And they have already split the service into tiers - Music, Books and Storage are extra. Fame Douglas fucked around with this message at 11:15 on Apr 27, 2018 |
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Apr 27, 2018 11:11
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Fame Douglas posted:It does seem like they are holding a dominant position, so saying they aren't a monopoly "by any definition" seems strange. And of course Amazon are going to use their market power to squeeze out more profit from all sides. Most of the industries they’re involved in are oligopolies. They hold significant market shares but by no measure do they control the markets singularly.
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Apr 27, 2018 12:28
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Vegetable posted:Monopoly implies they are the singular dominant player. It’s just untrue. They have their tentacles everywhere, but they have clear, powerful competitors in nearly every segment (Best Buy, Walmart, Target, Netflix, Microsoft, etc.). Courts tend to take a harder line on horizontalist structure, so Amazon's market share in different markets could play a part in the debate.
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Apr 27, 2018 12:30
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icantfindaname posted:I've seen several libertarian-y people say that these tech companies aren't really monopolies because they're not raising prices, standard economic theory says monopolies should raise prices above market value. Well, now the monopoly rents are flowing, this should end any doubt about these companies' nature You can still order products from Amazon.com and get free shipping without paying for Prime.
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Apr 27, 2018 14:06
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Fame Douglas posted:
4k video and a bunch of sports deals on amazon video that were a pretty big deal to a lot of people.
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Apr 27, 2018 14:14
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Liquid Communism posted:There are something like 2-3x as many Subways as McDonald's in the world. The drat things are everywhere. There's also the fact that Mcdonalds has pretty strict location requirements for its franchises while Subways entire model was letting you set-up literally anywhere.
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Apr 27, 2018 15:00
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MiddleOne posted:There's also the fact that Mcdonalds has pretty strict location requirements for its franchises while Subways entire model was letting you set-up literally anywhere. Subways also don't have much equipment required - they don't do the frying and grilling that McD's does. Just toasting and sandwich assembly. A lot easier to train people to do.
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Apr 27, 2018 15:19
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I remember when Subway started offering toasted sandwiches to compete with places like Quiznos that toast their sandwiches by default. Then the Subway Brain Trust said “poo poo, what else can we toast in this thing? How about pizza?” Nobody wanted that dang pizza.
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Apr 27, 2018 15:24
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HEY NONG MAN posted:I remember when Subway started offering toasted sandwiches to compete with places like Quiznos that toast their sandwiches by default. Then the Subway Brain Trust said “poo poo, what else can we toast in this thing? How about pizza?” The Retail Collapse of 2018: Nobody wanted that dang pizza.
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Apr 27, 2018 16:27
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BarbarianElephant posted:Subways also don't have much equipment required - they don't do the frying and grilling that McD's does. Just toasting and sandwich assembly. A lot easier to train people to do. This was how I learned how to cook burgers at McDonald's during a three-week stint at one in 2012: you put down up to nine patties on the grill, push a button, and the clamshell comes down. Six patties if it's third or quarter pounders.
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Apr 27, 2018 17:56
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MiddleOne posted:There's also the fact that Mcdonalds has pretty strict location requirements for its franchises while Subways entire model was letting you set-up literally anywhere. There was an article that talked about how the franchisees all hate the founder's sister who is the current CEO because she has been pushing the "Cut sandwich prices further and do the soda machines/other random poo poo and see if it sticks!" angle instead of limiting franchises (since obviously the franchisor wants more franchises to collect more franchise fees).
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Apr 27, 2018 23:19
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boner confessor posted:yeah. it costs practically nothing to get a subway franchise and open one up. mcdonalds is fairly expensive, a big reason being quality control (in a relative sense) Yeah, I know for a fact that as of ~10 years ago Dairy Queen demanded anyone trying to get a franchise have $2m in liquid assets to invest before they even wanted to talk about it. I worked for them extensively in high school and managed one for a couple years when I was between better paying gigs, and the level of corporate support they offer is honestly pretty nice. Liquid Communism fucked around with this message at 02:04 on Apr 28, 2018 |
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Apr 28, 2018 02:00
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