The Rise of Costco: How Costco Became A Massive “Members Only” Retailer: ohnotheydidnt

stewie_e in ohnotheydidnt

The Rise of Costco: How Costco Became A Massive “Members Only” Retailer

Sep 12, 2020 10:50

Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. The company draws most of its income from membership fees, and has a nearly 90 percent membership renewal rate. It charges very low prices on goods, rotates its inventory, and pays employees better than the retail average. But how long can it last?

To give this post a “proper” celebrity angle: stars, they’re just ~like us!~

Nick and Vanessa Lachey