G & W Foods is adding to their store name, re-shelving and moving products around preparing for a change in the way they do business.
The change for the grocery store is starting at 2 p.m. Sunday, Oct. 15 through Oct. 17. The store will reopen at 7 a.m. on Oct. 18.
Following this brief time of closing, the store, at 911 E. Sixth, is taking a different direction, and will then be known as G & W Cash Saver.
The big change will be that the public will pay the cost price to the store of each item, plus ten percent added to the register receipt, plus the required tax Rayburn said.
“This will be a more cost-effective option to our customers,” he said. “It will be noticeable.”
The staff will remain the same, said store manager Will Rayburn.
Currently, there are 45 employees.
“It’s the same people, just changing direction,” Rayburn said.
Sometime in the near future, there will be a grand opening, Rayburn said.
Also in the future are new user-friendly gas pumps.
“I know a lot of people will be interested in that,” Rayburn said.
Capitalism at it’s finest….
Operating on a 10% markup will only leave them with a 1.5% net profit if all goes well. The grocery business is as tough as the printing business. Many people don’t under stand, these businesses have to operate on volume and constantly make updates to operations to survive.
Is 1.5% net profit typical for a grocery store?
I have a feeling this will not go over well. You know there will some person who will end up pitching a fit at the cash register because they can’t do basic math. I feel sorry for the employee’s who will have to deal with it.
It does seem like it would be easier to make the price tags reflect the markup they want to get. Unless they are going to have some type of subscription where you can pay a fee and then not have to pay the 10%.
I love G and W it is just the right size with an amazing assortment of needed items. Sweet cashiers and amazing equally sweet cinnamon rolls they make in their bakery. Kept clean and friendly the only thing probably would be their produce to be improved upon. Thanks for a super store.