3 ms·
That's what Ive been telling people past few weeks. Got a Costco membership a month or so ago. Thoroughly assessed store before that. When I explain non-food/b
by nickpsecurity 8y ago
That's what Ive been telling people past few weeks. Got a Costco membership a month or so ago. Thoroughly assessed store before that.
When I explain non-food/bulk parts, I tell them to imagine if you wanted Amazon-like experience that fit in a single, walk-in warehouse. The only strategy that makes sense is to pick the best or a few of each category of product. They have everything from work shoes to pillows to containers to a diesel generator. People will occasionally want some of that stuff. The already go to Costco. They know its prices are low. So, maybe they just grab some of it while there. And finish saying Costco was doing this before Amazon existed.
On the groceries, they need to carry more smaller portion sizes, though. Walmart and Kroger are price waring so much that Costco costs more on most stuff. Making sizes of stuff like ketchup or spices comparable, but maybe still in little packs, could shift more sales to them. Hammacher already does this where the types of items are same as Walmart and Amazon: just differentiated on vetted quality. Costco can do similar with quality and price, which they already do a bit.