What started out in the early '80s as a place to get wholesale alarm clocks and some office supplies has grown to be one of the most lucrative businesses around. Ok, I'm biased because I do an independent contract at alot of their stores so I watch how they operate but I have to say I'm a fan!!Costco knows how to survive the economic crunch. As I talk to various managers, I get the same story....people are still buying, they just are not loading up on as much or buying as many big box items such as tv's, etc. But of course, that doesnt apply to many who are in the 70,000 a year range..which costco states is the average income of their members. Maybe I'll get there someday or maybe not, who knows....but the point is....things rise and fall in this world, but Costco stands on its own two feet consistently. What is their secret? It's simple: quality items at a decent price....doesnt that make sense? It did to the founders! And it sure does to all their members. Now I know that there are people who protest Costco because of the small shops and mom and pop stores. BUT what you don't know is that many of those stores buy their goods at Costco and resell them, that is what Costco aims at: businesses...wholesale. I never have a problem with competition in the marketplace, the more the merrier....I think places like Costco force the little guys to not be as expensive. Anyway, this member is totally glad they are as successful as they are!! Job security! LOL. And good deals as well.
1 comment:
It's interesting how right now with the current state of the economy, the stores that are really doing well are stores like Costco & Walmart that have lower prices. While the fancy fufu stores are closing down in malls all over America, Costco & Walmart continue to boom.
Post a Comment