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The heuristic driving this tightening was outstanding. “Outstanding” meant something very particular to Joe. It meant a product that was the lowest price in town by a clear, consistent margin. It meant having a superior flavor profile in an unmistakable manner. It meant a product with a point of view that differentiated itself from all others. Most important, it meant that each product added to the bottom line of the store all by itself. “No loss leaders are permitted,” he boomed in an internal memo.
The Secret Life of Groceries: The Dark Miracle of the American Supermarket
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