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As a side note, my favorite writing on Costco being Costco is here: https://minesafetydisclosures.com/blog/2018/6/18/costco https://minesafetydisclosures.com/bl

As a side note, my favorite writing on Costco being Costco is here: https://minesafetydisclosures.com/blog/2018/6/18/costco https://minesafetydisclosures.com/blog/2018/6/18/costco

shalmanese 3y ago
Mine Safety Disclosures is one of the most slept on blogs! Everything they write is a banger!
- shostack 3y ago
  Can I get this in newsletter format or something?
  - fiddlerwoaroof 3y ago
    https://github.com/rss2email/rss2email https://github.com/rss2email/rss2email
- philsnow 3y ago
  I'm not familiar with this idiomatic use of "sleep on", can you explain it a bit? Is it like "discounted" (not as in lower price, but as in to hold a low opinion of)?
  - reaperman 3y ago
    It's modern slang for "underrated".[0] 0: https://www.urbandictionary.com/define.php?term=slept%20on https://www.urbandictionary.com/define.php?term=slept%20on
fbdab103 3y ago
This was way too engaging. Has there ever been a more recent follow-up with updated numbers?
- lotsofpulp 3y ago
  I imagine it would be the same situation. I am not sure what the purpose of this presentation was anyway, Costco was never in any danger from Amazon. They are in two completely different markets. The cost of energy and labor to deliver big, heavy goods to an individual's house is obviously more than the cost for individuals to go to a giant store and get it themselves. If Amazon had opened a store like Costco selling bulk goods, then it might have made sense.
  - MSD1976 3y ago
    Costco stock dropped 10% when AMZN bought Whole Foods: https://money.com/amazon-whole-foods-costco-wal-mart/ https://money.com/amazon-whole-foods-costco-wal-mart/
    - deleted 3y ago
      [deleted]
- ProjectArcturis 3y ago
  Costco's profit was $2.7B when this was written. It was $6B over the last year.
bombcar 3y ago
The most surprising thing about that was how big an online retailer Apple is. I never quite realized that their standardized phones and computers mean I have never bought one in a store, not in the last 20 years …
- lotsofpulp 3y ago
  If Costco had an Apple computer in the configuration I wanted, I would buy it from Costco because Costco offers 2 year warranties on computers, whereas buying from Apple would only get you 1 year. https://concierge.costco.com/app/answers/detail/a_id/1001211 https://concierge.costco.com/app/answers/detail/a_id/1001211

As a side note, my favorite writing on Costco being Costco is here: https://minesafetydisclosures.com/blog/2018/6/18/costco https://minesafetydisclosures.com/blog/2018/6/18/costco

shalmanese 3y ago

Mine Safety Disclosures is one of the most slept on blogs! Everything they write is a banger!

shostack 3y ago
Can I get this in newsletter format or something?
- fiddlerwoaroof 3y ago
  https://github.com/rss2email/rss2email https://github.com/rss2email/rss2email
philsnow 3y ago
I'm not familiar with this idiomatic use of "sleep on", can you explain it a bit? Is it like "discounted" (not as in lower price, but as in to hold a low opinion of)?
- reaperman 3y ago
  It's modern slang for "underrated".[0] 0: https://www.urbandictionary.com/define.php?term=slept%20on https://www.urbandictionary.com/define.php?term=slept%20on

fbdab103 3y ago

This was way too engaging. Has there ever been a more recent follow-up with updated numbers?

lotsofpulp 3y ago
I imagine it would be the same situation. I am not sure what the purpose of this presentation was anyway, Costco was never in any danger from Amazon. They are in two completely different markets. The cost of energy and labor to deliver big, heavy goods to an individual's house is obviously more than the cost for individuals to go to a giant store and get it themselves. If Amazon had opened a store like Costco selling bulk goods, then it might have made sense.
- MSD1976 3y ago
  Costco stock dropped 10% when AMZN bought Whole Foods: https://money.com/amazon-whole-foods-costco-wal-mart/ https://money.com/amazon-whole-foods-costco-wal-mart/
  - deleted 3y ago
    [deleted]
ProjectArcturis 3y ago
Costco's profit was $2.7B when this was written. It was $6B over the last year.

bombcar 3y ago

The most surprising thing about that was how big an online retailer Apple is. I never quite realized that their standardized phones and computers mean I have never bought one in a store, not in the last 20 years …

lotsofpulp 3y ago
If Costco had an Apple computer in the configuration I wanted, I would buy it from Costco because Costco offers 2 year warranties on computers, whereas buying from Apple would only get you 1 year. https://concierge.costco.com/app/answers/detail/a_id/1001211 https://concierge.costco.com/app/answers/detail/a_id/1001211