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

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

    Quote Originally Posted by specklebang View Post
    Venture Capital. A company that owns companies. Similar to Bain or Colony.
    Oh.

    Now I know what it means, but i still hope you're wrong. Costco would never be the same again.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Dittohead not! View Post
    No one does business out of the goodness of their heart. They do it for profit.

    Some are better at it than others, as we've seen in this thread.
    Of course but Ford is always held up as someone who paid his workers more for more altruistic reasons. He did not.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Heebie Jeebie View Post
    Of course but Ford is always held up as someone who paid his workers more for more altruistic reasons. He did not.
    No, he did not.

    He was a pretty good businessman, though, don't you think?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Great story which demonstrates the utter lie of the Walmart model as the only way to succeed.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Dittohead not! View Post
    No, he did not.

    He was a pretty good businessman, though, don't you think?
    Yes he was that.
    There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by haymarket View Post
    Great story which demonstrates the utter lie of the Walmart model as the only way to succeed.
    Who has claimed that?
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by Heebie Jeebie View Post
    Who has claimed that?
    Perhaps I overstated it. Thank you for pointing that out. Mea culpa.

    Allow me to rephrase it: the Wal Mart model is certainly NOT the only way to succeed in modern retail business. One can pay their employees a decent wage and accept a union as part of the operation and still be successful.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by windowdressing View Post
    as it should be, instead of continuing on this road to the bottom ...

    I don't see Walmart/Sams club going on the road to the bottom

    2009 2010 2011 2012 2013
    Sales/Revenue 401.09B 408.21B 421.85B 443.85B 469.16B
    Sales Growth 1.78% 3.34% 5.22% 5.70%

    does that look like a road to the bottom

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

    Quote Originally Posted by haymarket View Post
    Perhaps I overstated it. Thank you for pointing that out. Mea culpa.

    Allow me to rephrase it: the Wal Mart model is certainly NOT the only way to succeed in modern retail business. One can pay their employees a decent wage and accept a union as part of the operation and still be successful.
    Not only that, but if more businesses followed that model, there would be a bigger market, more taxes, and fewer people on food stamps.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by trfjr View Post
    I don't see Walmart/Sams club going on the road to the bottom

    2009 2010 2011 2012 2013
    Sales/Revenue 401.09B 408.21B 421.85B 443.85B 469.16B
    Sales Growth 1.78% 3.34% 5.22% 5.70%

    does that look like a road to the bottom
    jobs being outsourced, the gap between the haves (the few) and have nots (the many) widening all the time ... the data you provide is exactly my point ... the rich get richer and the poor get poorer ... so, yes, it does look like that ... but you're kidding, right? if you don't see this, you have to be one of the few who doesn't ...

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