Here is what to expect in the coming weeks, along with some information about California’s $600 COVID relief benefit.The city’s analysis suggests that a spike in sales from people stockpiling groceries in the early months of the COVID-19 pandemic was temporary and didn’t translate into a profitability trend for stores.Kroger and Albertsons saw big boosts in early 2020, the report found.
Tso’s report also looked at private grocery store chains, finding the average net profit before taxes was 1.85% for independent grocers for the five years before the pandemic. “After the March 2020 surge, the number of trips to stores fell well below 2019 levels as shoppers quarantined at home,” the report states.
If Los Angeles moves ahead with the proposal, a $5-per-hour boost would increase the average pay of workers to $22.51 per hour, an increase of 29% from the base wage, according to the city report.
Keep telling people how essential they are.
Yes -- any time someone gets a raise someone else pays for it. I'm against stopping raises because of that. If you read the 3rd quarter statement from Kroger (Ralphs) profits are way up. Maybe some raises can come from there.
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