Page 2 of 21 FirstFirst 123412 ... LastLast
Results 11 to 20 of 209

Thread: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

  1. #11
    Dungeon Master
    Chicks dig the long ball

    azgreg's Avatar
    Join Date
    Jan 2012
    Location
    Phoenix, AZ
    Last Seen
    Today @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    14,128

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Thrilla View Post
    I can see the morale argument... productivity though?.. not so much.

    whether I go into Costco or Walmart, the shelves are stocked and people help me find stuff....I doubt you'll find differing levels of productivity.

    what I usually find at Walmart, as opposed to Costco, is ...employees.
    there's lots of employees running around Walmart... not nearly so many running around Costco.... customer service is not their schtick.( it's a retail versus wholesale difference)
    Fair enough, but I was being more general in my statement. I wasn't very clear in that which is a common flaw of mine.
    I have CDO, it's like OCD but the letters are in alphabetical order like they should be.

  2. #12
    Sage
    clownboy's Avatar
    Join Date
    May 2012
    Location
    Oregon
    Last Seen
    08-17-16 @ 10:31 PM
    Gender
    Lean
    Other
    Posts
    26,087

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Probably Venture Capitalist.

    Isn't CostCo a membership store?

  3. #13
    Sage
    blackjack50's Avatar
    Join Date
    Sep 2011
    Location
    Florida
    Last Seen
    Today @ 04:50 PM
    Lean
    Conservative
    Posts
    25,306

    Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quite honestly...the less employees you hire...the more you can pay them. I have never SEEN a Costco. They won't put them in my area. They won't even put a publix. Do you know how bad that sucks?

    I am curious as to what areas Walmart and other places have been beaten out by dollar general, and also to see the lowest avg income of the areas around Costco vs walmart.

    Anyway. Business isn't the enemy. We have an anti-business mentality in office, lots of anti-business people around, and a lot of business owners covering their ass afraid to make a move.
    The Crowd is not the sum of its parts.

  4. #14
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 11:17 PM
    Gender
    Lean
    Progressive
    Posts
    35,018

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Thrilla View Post
    I can see the morale argument... productivity though?.. not so much.

    whether I go into Costco or Walmart, the shelves are stocked and people help me find stuff....I doubt you'll find differing levels of productivity.

    what I usually find at Walmart, as opposed to Costco, is ...employees.
    there's lots of employees running around Walmart... not nearly so many running around Costco.... customer service is not their schtick.( it's a retail versus wholesale difference)
    As per comparison to WalMart... maybe. But I think it's not much different than going into walmart's Sam's Club. I read a piece on how he runs his business. By comparison to Sam's club he packs far fewer choices but makes sure that they are primarily name brands and not slews of generics. He fights for purchase prices on fewer products and inventories fewer products keeping turnover cleaner and faster. Productivity in that sense is higher if you'd consider efficiency a measure of productivity? dunno.

    Other things I've read about this man is that he bucks Wall Street who bitch about him paying his employees too much cutting into his margins and he does so by saying, (paraphrase) "I pay my employees good and therefore I don't have the shrink loss and I don't have employee turnover like my competitors." That's where he saves money. Training and shrink, which when I worked at Sam's Club was a HUGE problem. Instead of paying their employees better they just increased surveillance and the employees distrust between each other and the company went up and morale tanked.
    Last edited by poweRob; 05-30-13 at 11:21 PM.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  5. #15
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 10:50 PM
    Gender
    Lean
    Libertarian
    Posts
    41,540

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by clownboy View Post
    Probably Venture Capitalist.

    Isn't CostCo a membership store?
    Yes, it is.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  6. #16
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 11:17 PM
    Gender
    Lean
    Progressive
    Posts
    35,018

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Dittohead not! View Post
    I'm a fan of Costco.

    They may not have as many employees as WalMart or Target, but they have better ones.
    They have the best prices on quality goods that can be found anywhere. The only reason not to buy from Costco is that their containers are so big you'll never use all of the product. For things you use all the time, they're hard to beat.

    Our (bleep!)ing city council blew a chance to have a Costco here in town. I haven't forgiven them for that, and may never.

    But, we have three within a half hour drive, which isn't too bad.
    Ever been in a Trader Joe's? Small stores PACKED to the brim with employees. They tend to not have an overnight shift and stock during the days so that you always have someone nearby to ask for help rather than running down loads of aisles trying to find someone who may or may not know where something is. Also, you damn near never see an empty unattended cash register.

    Unlike my Albertson's grocery store here where you can't find a soul in the store except the two or three at a cash register and at 5:30pm when the lines back up down the store's aisles due to the after work rush. Then of course you go to the customer service counter for something and no one is ever there and they have to be paged.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  7. #17
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 11:17 PM
    Gender
    Lean
    Progressive
    Posts
    35,018

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Dittohead not! View Post
    I'm a fan of Costco.

    They may not have as many employees as WalMart or Target, but they have better ones.
    They have the best prices on quality goods that can be found anywhere. The only reason not to buy from Costco is that their containers are so big you'll never use all of the product. For things you use all the time, they're hard to beat.

    Our (bleep!)ing city council blew a chance to have a Costco here in town. I haven't forgiven them for that, and may never.

    But, we have three within a half hour drive, which isn't too bad.
    I contacted costco and asked them to come to Santa Fe a year or so ago. They told me that they had no near future plans to.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  8. #18
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Today @ 10:52 PM
    Gender
    Lean
    Conservative
    Posts
    16,685

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    So you see, everyone? HuffPo's moral here is that Walmart and Sam's Club should fire half of their staff.

  9. #19
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by clownboy View Post
    Probably Venture Capitalist.

    Isn't CostCo a membership store?
    Yes

    The OP's premise is a false one. Costco sells items at wholesale. When you buy something you buy the largest possible size/container in most cases, just at a very reasonable price. You are also pretty much on your own. There aren't employees around to really help you with much. They have a decent business model. It's apples and oranges though to compare Costco to a retail outlet like Walmart however.

  10. #20
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 11:17 PM
    Gender
    Lean
    Progressive
    Posts
    35,018

    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Bronson View Post
    Yes

    The OP's premise is a false one. Costco sells items at wholesale. When you buy something you buy the largest possible size/container in most cases, just at a very reasonable price. You are also pretty much on your own. There aren't employees around to really help you with much. They have a decent business model. It's apples and oranges though to compare Costco to a retail outlet like Walmart however.

    Yeah... then take a look at Sam's Club. Walmart's Sam's club. A wholesaler just the same as Costco.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

Page 2 of 21 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •