An interesting article in New York Magazine this week does a cursory comparison of the strategy and profits behind 21 different New York businesses, from a soup kitchen to the Yankees. Also on the list: a copy shop, Pfizer, Horace Mann school, Silver Star Diner, Macy's, a yoga studio, a cab driver, Goldman Sachs & others.
I used to shudder watching people buy milk & frozen food from Jack's 99 Cent Store by Bryant Park, but Jack's is making almost $7 mil in profits a year - That's a 23% profit margin.
Other items of note:
The YES Network's profit margin is 60%! I never thought they were worth $2/mo when I pay $.45 for a news channel.
H & M is fascinating - Goods go from design table to store in as little as 2 weeks. That's just crazy.
Thursday, June 7, 2007
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