The Costco Craze Inside the Warehouse Giant

After so many doom and gloom postings of late, it is nice to finally post a positive message.  This video produced by CNBC describes my favourite retailer, COSTCO.   This video describes how – and more interestingly why – the typical COSTCO stocks only 4000 products (compared to WalMart’s 100,000), their strict 15% markup limit, and how they make almost all their money not on goods, but rather via selling annual memberships.  Finally, they highlight the efforts suppliers are put through to earn a coveted spot on COSTCO shelves. (fascinating to me).  If you like the store, you’ll likely love this video.

 

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