Rob LaBonne
@roblabonne
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22,609
Following
780
Media
313
Statuses
5,036
Owner/operator of supermarkets and self storage. EO Member, BJJ dabbler, waterskier & conservationist.
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Joined March 2009
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Pinned Tweet
How a $6,800 floodplain study unlocked millions of dollars in commercial property value…
The area in yellow was previously unusable land but in 2 months there will be a 12,000 sq ft building there that will add an additional $240,000 in annual recurring revenue to the property
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@AllyTaft
Wife and I met on tinder 10 years ago. She was my third date from the app and I her first. This was our first picture together right before I taught her to waterski on our first date.
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I owned a Pit Bull for 12 years and fostered 2 others.
Now that I have kids, I would never get another.
As a parent, it's important to stack the odds in your favor. Owning a pit bull is the opposite of that.
The one I owned for 12 years was amazing (besides his separation
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My wife just saved us $2k on a 1 week vacation by using a reverse image search.
1. Download photo from VRBO/AirBNB
2. Upload to Google images
3. Find the direct booking website
4. Book with them and save big
VRBO/AirBNB are in trouble if this hack goes mainstream.
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The 80,000 new IRS employees are going after the little guys which is something I rarely hear about.
They contacted us about a landscaping company we use at one store.
Allegedly they owe $85k in back taxes. The IRS said if we want to continue using them as a vendor we have to
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I put a mic on my 3 year old while we built a snowman. Highly recommend doing this with your kids 😂.
Going to miss his little voice one day.
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My dad had one of these when we were kids.
He still says it was his favorite vehicle. A van but not a minivan. All wheel drive. Amazing in the snow. The ultimate kid hauler.
Now that I’m a father of 2, I get it.
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Looking to marry off my 2 sisters ASAP. My kids need cousins.
They’re looking for dudes 6’ tall, family values, solid career in the Long Island, Westchester County, or Fairfield County area.
May come with a goat and a few acres.
Apply within.
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🔮 How I “manifested” the woman of my dreams and how you can too…
I was in my mid 20s and had just ended a 6 year relationship that I knew wasn’t right. Too much drama, senseless fighting, mismatched values, etc.
I couldn’t sleep one night and decided to pull out a notebook
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We sold $199,550 worth of gift cards today.
Black Friday is one of the slowest days in the grocery business because everyone has a mountain of leftovers from Thanksgiving.
So a few years ago I decided to do a “Black Friday Gift Card Sale…Buy a $100 gift card and get a $20
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The advice
@GuyDealership
gave me when we met was…
“Why you don’t go all in on grocery? We have enough storage bros on Twitter. We need The Grocery Guy.”
So, should I do it?
Currently run a 4 store, $50m+ chain with 400 employees. Have spoken at the National Grocers
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@moseskagan
@noncombatantish
@AndySwan
Standard hunting shotgun. Same number of rounds in America. I think this was supposed to be a dig at Italian gun laws but the OP missed the mark. Looks like and upland bird hunt that spooked a boar by accident leading to this situation.
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Cycling on a busy road has to be the dumbest way to exercise.
5,000 pound metal missiles wizzing by at 50 mph while you look the other way.
I don’t get it.
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Dear college age folk - do not get a business management or marketing degree.
Nobody is hiring for either.
Better off with finance or accounting.
Better yet, go with engineering. You can learn business skills on the fly.
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Craft beer sales are falling off a cliff.
Our beer sales year over year are down 14% company wide. By far the worst performing department.
Best to worst stores: +1.2%, -13.3%, -23.4%, -23.6%
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This was my guy back in 2015. He passed October 2022. We put in the work.
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A millennial born in 1986 who went into military service, police or fire at age 18 in 2004 is retiring this year at age 38 with full benefits and pension for life.
What other fields are 20 years and done?
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Before I was a parent, I would say “I’ll never let my kid have an iPad while out to dinner.”
Then, I became a parent.
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We spend $26k a year on armed guards to transport physical money around for us.
Plus over/shorts from cashier mistakes and occasional theft which runs another $3,000/year.
Accepting cash isn't free but it's still less than credit/debit which costs us $780,000 annually.
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Is the parent staring at a phone today while their kid eats breakfast any different than a parent staring at a newspaper 50 years ago?
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Friend is making over $1 million a year as an EOS implementer working less than 3 days a week on average.
His daily rate is $7,000.
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Before I was a parent, I would say “I’ll never let my kid have an iPad while out to dinner.”
Then, I became a parent.
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Thinking about buying a Tesla?
Pro Tip: DO NOT pay $12,000 for "full self-driving".
Get the base package and once you own the car, subscribe to FSD for $199/month via the app.
You would have to own the car for 5+ years and use FSD all the time to justify paying for it up
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Our nanny flew to a Christian event (seminar/concert) for 18-25 year olds.
I assumed it was held at a church.
No, it’s at the Mercedes Benz stadium in Georgia.
Completely sold out.
55,000+ young adults.
Gen Z is leading the charge to make religion cool again.
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My parents neighborhood just voted to eliminate short term rentals. Minimum is now 1 month.
A lot of people who got into STRs are in for a rude awakening if they bought in places without clearly defined zoning regulations.
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Bought my first business when I was 21 years old (2011).
Borrowed $40k from a local bank and acquired “Litchfield County Tents”.
I knew I’d make money but more importantly I’d learn a lot and meet wealthy, well connected people who hosted parties in their back yards.
One guy
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Friend sent all 4 of his kids to private school for their entire K-12.
It blows my mind how much he spent for this.
He says the cost of tuition is nothing compared to the business opportunities and connections he made with the fellow parents along the way.
Anyone else have
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I golfed with a guy that has 18 residential properties (all single family except one 3 family) that bring in $48k per month.
He retired from his full time job at 49 which was 13 years ago.
Oh and he has no debt on any of them and they are all under his own name... no LLCs.
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Having a Rolex isn't a flex if it tells you when your lunch break is over.
-Socrates
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A minimum wage grocery store customer service job is one of the most valuable life experiences a teenager can have.
I witness countless shy, quiet, awkward kids deathly afraid of hearing their own voice over an intercom transform into confident, well spoken adults every year.
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Friend is making over $1 million a year as an EOS implementer (consultant) working less than 3 days a week on average.
His daily rate: $7,000
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Claudia runs my storage business.
She wanted a golf cart to drive around but I thought this was cooler.
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Sold $181,200 worth of gift cards today (Black Friday). $66k more than last year.
If you buy a $100 gift card, we give a $20 one for free.
Typical breakage (non-redeemed) 1 year later is 11% so what looks like a 20% hit ends up only being 9%.
Win win.
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I am addicted to information and you probably are too.
I now know more about the Israel/Palestine conflict than anyone I know in real life.
But, this comes at a cost. It doesn't serve me.
Sure, I can have a nuanced opinion in a conversation but it literally has zero impact
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Talked to the guy that took Burger King private.
He said the company was going to spend hundreds of millions on interior redesigns.
They cancelled those plans and redirected the funds into mobile pickup and drive through. Nobody eats inside fast food restaurants anymore.
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Was quoted 6.49% on a $500k commercial construction loan from my local bank.
12 months interest only, 10 year term with 20 year amortization.
Not bad, right?
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Know a guy who sold his business for mid 8 figures.
Now does leadership consulting for 10 clients per year at $150k each ($1.5m).
Time commitment is 2 full day onsite visits and 1x/mo 1hr video call per client.
Roughly 35 full work days added up.
That's $42,000+ per day.
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This past Wednesday we did 25% off EVERYTHING.
Customers were lined up outside before we opened.
End up being a $380k day. That’s over $500k of product at regular retail. Up 8% from the same sale last year.
How can we justify doing this with grocery margins? It would never
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Our employees spend over $2m a year with us.
We offer a 20% discount while most large grocery retailers give nothing off.
It doesn’t mean much to the 16 year old buying a sandwich on break but it matters a lot to the mother of 3 who shops for the family before going home.
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My first business acquisition was a tent rental company I purchased in 2009.
Rented tents, tables, and chairs for backyard parties, weddings, etc.
Paid $30k (financed with a $6k down commercial loan), ran it for a summer, put $30k in my pocket then sold it year later for $45k.
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Let’s talk “net profit”.
Unless your company is debt free, it’s almost irrelevant.
In the supermarket business we have over $650,000 in loan principal payments per year.
People who don’t understand cash flow would see a P&L with a $650k net profit and think “wow they had a
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Divorce and death is the only thing creating movement in the residential real estate market.
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This is where things gets a little cheesy and personal but, whatever.
Here’s the rest of it:
“My ideal woman will come from two loving parents and a childhood of positivity mixed in with some struggle and growth.
She will be beautiful in mind, body, and spirit. She will
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Anyone who tells you having kids is easy is lying.
Spent Sunday night in the ER with my wife and one week old child due to some complications my wife was having.
The staff recommended the baby and I leave due to the number of Covid and flu patients in there.
Hospital is an
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We ended up falling in love, moving in with each other, bought a house (Side note: It was a 2 family home. We lived upstairs and rented downstairs. Cost of living was practically $0. Highly recommend this to young couples.), and 4 years after meeting it was time to pop the
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One of our grocery stores needs a new septic system. It’s going to cost $230k which is more than the annual rent ($200k).
We’ve been at this location for only 3 years. Zero sympathy from the landlord.
Words of wisdom: be an absolute NNN landlord, not a tenant.
Any suggestions?
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Prediction:
Religion, specifically Christianity is going to make a big comeback in 2024.
You will continue to hear more and more well known people reveal they believe in God.
Prayer is the new meditation.
Being a believer is shifting from cringe to cool.
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A lot of people are claiming this is engagement baiting or that it’s a scam. It is not.
We received a formal letter (form 668-A Notice of Levy), not a call or email. It has an IRS phone number, address, and all the relevant info on the business in question.
They are demanding
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My wife and I went through a miscarriage this past year.
It was shocking because our first kid came so easily and so did getting pregnant the 2nd time around.
We didn't talk about it much in the beginning but the more I bring it up the more I'm blown away by how common it is.
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Guy on the left is the largest commercial land owner in my town.
He also owns a large construction co, works 7 days a week and never plans to stop.
He hays my field and many others to feed his cows. He could pay someone but prefers to do it himself bc it’s fun.
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@dollarsanddata
Are you assuming if the government had more tax revenue there would be less income inequality?
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For less than half the price of the cheapest Rolex you could have all this as your family heirloom.
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Had to suddenly say goodbye to my boy today.
12 years together.
Picked up off the streets of New Haven to living the good life. We grew into men together.
He was a pit bull ambassador. Loved every person and every dog.
RIP Toby
Aug 2010 - Oct 2022
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Storage customer today:
"I need to empty that unit at some point. It's just old clothes I don't wear."
She moved in 23 years ago. She pays $100/month.
$27,600 to store old clothes 🤷♂️
cc:
@iononrecourse
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I love red neck rich people.
Grew up with a few of them. They live hard, drink a lot, buy new snowmobiles, quads, dirt bikes, lawn mowers, and pickup trucks every year.
Odds are their last check will bounce but no regrets.
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Took my testosterone from 450 to 687 by working with a naturopath for 6 months. No TRT for me!
Now working to dial in my ApoB (the
#1
lipid predictor for heart disease risk).
If your Dr isn't checking ApoB when you do your bloodwork then find a new one. Sadly most don't.
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If I eat breakfast in the morning (ex eggs, avocado) I’m incredibly hungry for lunch 3-4 hours later.
If I skip breakfast I don’t get the hunger pains at all.
Intermittent fasting absolutely works to lose weight because you simply consume less calories.
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How to buy your local grocery store...what to look for and what to avoid (a super long tweet in 7 steps).
1. The store has to do at least $10,000,000 per year in sales ✅
At a 5-7% EBITDA margin that gives you some wiggle room to make some mistakes, key hires, and re-invest.
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Life in the USA is so good that people make up the most ridiculous nonsense to get upset about.
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Bravo,
@realEstateTrent
… tonight exceeded all my expectations. It was great to finally meet the Wizard of Oz behind the curtain. You were incredibly gracious and a wonderful host.
The value of the Real Estate Twitter community is undeniable.
My only regret is that I didn’t
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Long time Blackstone exec retired and bought a farm near one of our stores.
Built an epic compound and now raises and sells pasture raised beef, pork, and chicken for fun.
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Had a meeting with a billionaire today.
Can confirm, all of his emails are printed and stuffed in manilla folders depending on who they're from.
2 full time secretaries sit outside his office and coordinate every aspect of his life.
People in and out all day long.
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Today’s seniors are not like the seniors of generations past.
They live longer than ever and are the wealthiest generation in history.
Time to do away with senior discounts. They don’t need them.
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RFK is not anti vax. He is simply saying vaccines have gone to far and the pharma companies that create them are not held accountable. We are clearly over vaccinated at this point. Do what is necessary but nothing more.
I googled RFK last night and was blown away about the
No medical professional should ever agree to do this. Never. It elevates the conspiracy guy, demeans the medical professional, and will only convince the kooks out there that RFK is right because a real doctor took the time to debate him.
Never debate a conspiracy theorist.
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After a month of dabbling, I'm back to using my name on twitter.
I just don't care enough to maintain a "guy" persona. Not my style.
RIP Grocery Guy Rob
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Everybody wants to buy a business but nobody wants to run one.
So many people are clueless thinking they can just slap an SBA 10% down payment on an income stream without putting in the work.
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Wow, Facebook is driving nearly 20x the value...
Google cost per click = $7.48
Facebook cost per click = $0.38
People assume Google search users have more intent to justify the CPC but my customers answering the question "how did you hear about us?" are saying either "drove by"
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Anna Maria Island, FL was a 10 out of 10 family getaway spot. Will definitely be back.
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Get married & have kids sooner than later.
Especially kids...you spend your whole life trying to avoid them but when you want one it often takes longer than you'd think.
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Over a year would go by and at this point
@Tinder
was a thing. I dated a few girls but none of them were the one.
I had given up faith in tinder by this point and deleted the app. But another sleepless night led me to download it again.
My radius was set to 60 miles (cast a
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We are in the calm before the storm.
Energy prices are going to wreak havoc this winter. It’s not even on most peoples radar yet.
Bitcoin, RVs, boats, risk assets will be sold at a discount to cover real world costs.
Wild times.
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Met a guy who owns a company that sells fraud prevention content as a subscription service to small to medium size banks.
We chatted for a bit and I asked who his biggest competitor is.
He said “I have none”
“What do you mean none?” I replied
“Literally we are the only
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I’ll be 34 soon and feel extremely blessed to have all 4 of my grandparents still in my life, all living within 15 minutes from me.
Stopped to visit my dads side today. Gramps was in the hospital last week due to a GI bleed. Quick blood transfusion then back out. They both had
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Strangest situation of someone stealing from us was a middle aged woman who filled a large handbag with $100 worth of grocery items, walked out the door, hopped in her brand new Mercedes and drove away.
Found out who she was.
Turns out her husband was a prominent local
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Wish me luck.
Today starts potty training with our 3 year old.
Day 1 - no pants. He already cried saying he misses his diaper.
Tips, tricks, thoughts and prayers all welcome. 🙏 🫠
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The last time I shared my story I had around 2,000 followers. Somehow there are over 20,000 following along now so here's more about me:
My Story
My name is Rob LaBonne. I’m a CT based entrepreneur where I spend my days taking a 4th generation family supermarket business into
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Oh and his kids also received a top tier education and incredible network of their own.
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My Great Aunt is the strongest woman I know.
She has endured her son being murdered, her daughter in law dying a week later in a motorcycle accident, raising her grand daughter who was suddenly left without parents, she beat cancer 3 times, and she recently lost her husband.
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Does your home town have an independently owned supermarket in it?
If so, what is the town’s population and are they the only store in town?
Next thread I post will be on how and why to buy your local supermarket.
The photo below is the all hands meeting we had with the new
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Is there a better feeling than your kid resting his head on your shoulder?
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Update - sold the lightning.
Awesome truck but the biggest thing it lacks is proper charging infrastructure.
You feel comfortable taking a Tesla anywhere due to the network of superchargers…not the case with other EVs.
Will likely order a hybrid F150 next (~780mi/tank).
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Do you go to church?
I recently started attending and the pastor is great. Only a few years older than me, married, has kids.
He’s a veteran, into meditation, fitness, baseball, and oh ya Jesus.
His superpower is making the lessons of the Bible relatable to modern life.
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Just paid $7,515 for a building permit to build a ~$1.4m commercial building.
I’m new to real estate development and am constantly surprised by how much things cost.
Buying is way easier than building.
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Will saunas and ice baths be a fad or will people still be raving about them in 5 years?
Answers to this will sway my decision to get one or both...
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Is it just me or is the banter between
@ShaanVP
and
@thesamparr
getting funnier?
Past couple episodes of
@myfirstmilpod
had me lol’ing by myself on a plane.
Love the honest DGAF vibe.
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Trudeau is either clueless or pandering. He’s no idiot so it’s clearly the later.
Grocery store prices react to costs.
If the wholesale cost of a can of beans goes up, the retail price goes up. Gross profit % stays the same.
Grocery stores survive on razor thin low single
Trudeau says the heads of large grocery stores need to come up with a plan to stabilize food prices:
"Let me be very clear: If their plan doesn't provide real relief ... then we will take further action and we are not ruling anything out, including tax measures."
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