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/biz/ - Business & Finance

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575442 No.575442 [Reply] [Original]

Name one flaw with Costco's business plan.

Protip. You Can't

>> No.575445

>>575442
costco is the perfect company. from their re-use of their shipping boxes instead of plastic bags is genius to their membership deals encouraging shopping is perfect

>> No.575465

>>575442
Sears like expansion into other markets (auto, travel, funeral, etc) and the liability from relying on third parties to provide those services to members (legal liability and brand dilution).

>> No.575470

>>575442
Costco > Sam's Club

>> No.575513

I work in a costco that just opened ~7 months ago

The profit margins on merchandise is so small that they count on new membership signups way more than you can imagine

My store has not nearly reached the expected # and has lost about 1.1million last time I was updated

>> No.575515
File: 1.58 MB, 2560x1920, 2012-10-19 08.38.40.jpg [View same] [iqdb] [saucenao] [google]
575515

>>575513
bullshit

I've sold truckloads of Nabisco and cadbury to costco... They usually mark up 30% on everything in that store

it's only been open 7 months... Do they really expect to have a full customer base?

also, why the fuck are they telling you profit margins, p&l, etc...

>> No.575533

>>575515
>>575513
Canadian costco here, they mark up some shit and other not so much, electronics, furniture, etc. a they also have a "never loss lead" mentality, example the bakery barely skims through, but never loses, memberships make the company functional but the mentality keep it floating above the rest

>> No.575804

>>575442

They are fucking rock solid. I wish I had bought their stock about 10 years ago.

>> No.575843
File: 29 KB, 465x364, 1414878303339.jpg [View same] [iqdb] [saucenao] [google]
575843

It may be a good stock but its a gay company to work for. I worked there in high school and it got worse by the time I left junior college. They purposely schedule you for less than 40 hours a week so they don't have to pay you full time benefits. Also their pricing strategies are deceptive.

>> No.575845

>>575843

Your opinion is null. This is every general labor job, not just Costco.

>> No.575849

>>575845
"ayyy lmao look mom I'm condescending on a Cantonese noodle photography board"

anyway people jerk off to how great it is but its just shit tier company like every other place

>> No.575875

>>575843

still better than Walmart. particularly when it comes to pay and promotions.

>> No.575877

>>575849
Judging by your dialect, nothing you say should be taken seriously.

>> No.575890
File: 81 KB, 499x499, 1417907757349.png [View same] [iqdb] [saucenao] [google]
575890

>>575877

>> No.575913

they need to sell ammo and firearms. I need to buy 10,000 rounds of .22lr at a single time.

>> No.575916

>>575843
This guys has it, im applying to tax shops and other accounting related areas because though your pay "increases" its not at a rate where you can't do better if you think for yourself. benefits are "nice" but not great. free membership is honestly what's best outta there, also im canadian costco guy if that helps

>> No.575933

>>575843
>Also their pricing strategies are deceptive.
explain?

>> No.575983

>>575916
Pay increases like 50 cents every 500 hours or something? Its caps at $21 I think.

>>575933
They pressure members into buying the more expensive "executive" membership when no one really needs it. It gives you 2% cash back on your purchases EXCLUDING GAS. basically you need to spend like $2500 a year at costco to break even for the extra amount you're spending. Membership is their main profit center. Also they purposely package things in weird quantities so you buy more than you expect. ie something will be $1.99 but you have to buy a ten pack of that item so it will end up being 19.99. Anyway I could go on about costco. I guess its okay to shop at but I think its a bit wasteful

>> No.576098

>>575983
bruh don't go yet, what's your WHSE #? if not city? Winnipeg 549 here, and yeah 50 cents every 500 hours or so which is "nice" but not great i went up about a dollar in a year of part time (35h/w) and FT looks awful, easier to swing out and use the skills (which they give you. such as handling upwards of 10k in cash a day) to move to somewhere better.

>> No.576203

>>576098
i am
>>575513

and i work in 785 riverhead NY

>> No.576212

>>575983
>mfw phoenix, arizona has the based costco business center
>mfw i regularly spend 6-10k a month there and have executive and american express with 1% back

>> No.576220

Amazon.com

>> No.576221

>>575983
I have the Executive AMEX account and this is where it shines.

Executive account by itself isn't great but the fact that I have an AMEX card makes it great shopping at there as I can get 2x the cash back.

2% Cashback from the membership itself (purchases made at Costco)

And whatever AMEX rewards I get
- 3% Gas
- 2% Something
- 1% Something

I've gotten more than 200-300 dollars back at no extra charge to me and I consider that as a benefit since I pay off my CC debt every month, incurring no interest charges.

>> No.576222

>>575983
I easily spend 2.5k a year at Costco. For home stuff. How ashamed should I be?

>> No.576252
File: 41 KB, 230x260, 1416812758027.gif [View same] [iqdb] [saucenao] [google]
576252

>>576222
good goy

>> No.576415

>>576221
3% restaurants
2% gas
UP TO 1% on anything else

no annual fee, and a fairly high cred limit

>> No.576481

>>576203
Riverhead? My old boss Jovel runs that place now. Good for him, really, because he's got not as much of a big challenge us in Queens has to face with a century-old, badly-needed-renovation warehouse, cut hours, and polarizing, self-warranted New Yorkers that cause more harm than good.

>> No.576500
File: 121 KB, 640x640, Happy 4th July - 2zxD0-5Nzg - normal.jpg [View same] [iqdb] [saucenao] [google]
576500

>>576481
>working retail
>ever

top lel

>> No.576561

>>576481
There is no Jovel in management here.

>> No.576567

It's the same shit all over again, they just got lucky and went viral.

>> No.577112

>>575442
I forgot, they got caught selling counterfeit Tiffany jewelry. On purpose. They tried to defend it in court before they realized how dumb that sounded and are now trying to avoid paying money to Tiffany.

>> No.577172

>>575843
>They purposely schedule you for less than 40 hours a week so they don't have to pay you full time benefits.

Welcome to America, here's your tiny flag.

>> No.577173

>>575442
The problem is they put the average farmer's market out of business by offering palettes of genetically modified garbage at a cheaper price then most other corporate competition.

It's not how many palettes of shit Costco sells. it's about how many stores they open up. They are in the real estate industry not the Wholesale foods industry.

>> No.577203

>>575983
>complaining about bulk purchases
Why wouldn't you need 30 containers of roasted seaweed?