I know it’s the second Costco related thing I’ve posted on this, but it’s a pretty big deal.
If these MAGA turds want to try to boycott, I’ll laugh my ass off because this one of the best performing retail stocks in the US in the past 20 years.
I know it’s the second Costco related thing I’ve posted on this, but it’s a pretty big deal.
If these MAGA turds want to try to boycott, I’ll laugh my ass off because this one of the best performing retail stocks in the US in the past 20 years.
I read a margin breakdown on every big box store in consumer reports and Costco was the lowest margin store there was. They make most of their money on the subscriptions.
There are also some items (beer for instance) that are drastically lower in price versus the competition. So much so that you can make your membership fee back in a couple of trips.
But yes, admittedly they do not have 100% unbelievable deals.
The crazy thing is that their margins are super low, and the subscription fee isn’t super onerous (as you mentioned, there are multiple ways to make it back–for instance, we’ve never yet had a year where we didn’t get our Executive membership totally paid for by the rebate check), and yet they still pay substantially more than other employers in pretty much every area, and they’re still one of the most profitable retailers in the country.
Basically, I think every other big box store’s executive team should be fired whenever they say they “can’t” do something like pay their workers or offer benefits or whatever. Obviously you can, because Costco does.