Wednesday, June 24, 2009

Ketchup and surpass America.

Today Russian PM visited a "Perekrestok" grocery store in Moscow. He stopped at the processed meat isle and pointed out to the management that the profit margins are 'too high'. He consulted with a paper document he had brought with himself and declared that the sausage margins are 52%. Ham, it turns out, has a 120% gross margin. Putin declared these as 'high'. Yuri Kobaladze, the Managing Director of "H5Retail Group" which owns the "Perekrestok" chain of grocery stores, promised lower prices tomorrow.

If things go like this, Russia will certainly catch up and surpass America very soon.

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