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Where is this commitment? I am not able to find it and I am reasonably certain that Costco has a much larger margin than 12% on many of their products. If anyt
by jjeaff 7y ago
Where is this commitment? I am not able to find it and I am reasonably certain that Costco has a much larger margin than 12% on many of their products.
If anything, that sounds like an average, which doesn't tell you anything as they could be screwing you on mattresses while losing money on hot dogs and rotisserie chickens to even it out to a 12% gross margin.
- alasdair_ 7y agoIt’s mentioned quite often in their financial filings but I don’t have an example handy and I don’t feel like digging through a 10K right now. However, here is an Esquire article that mentions it: “Costco has stated that the highest margin they will take on a non-Costco brand is 13 percent and they strive to keep it closer to 10 percent.” https://www.esquire.com/food-drink/drinks/a35749/costco-the-biggest-retailer-of-wine-in-the-united-states/ https://www.esquire.com/food-drink/drinks/a35749/costco-the-...