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I find it hard to believe that they don't profit on their products at least a bit. Certainly there are some they don't get a profit on, but it wasn't like I was
by latchkey 3y ago
I find it hard to believe that they don't profit on their products at least a bit. Certainly there are some they don't get a profit on, but it wasn't like I was in there just buying a cheap tv and walking out... I was buying regular stuff.
- Skunkleton 3y agoIts their model. Its discussed in TFA too.
- dragonwriter 3y ago> I find it hard to believe that they don’t profit on their products at least a bit. Basically, they don’t. Over recent years, membership fees have accounted for, from what I can find, a low of 80% to a high of 110% of their net income, usually sitting right around 100%, and that’s not an accident, its their well-documented deliberate business model. Selling stuff covers the costs associated with being able to sell the stuff, membership fees are what provides profit.
- latchkey 3y agoSomeone above mentions: "Costco has a markup cap of 15%"
- pdntspa 3y agoIs this true for the obnoxiously expensive ($10k+ in many cases) liquor cabinets they keep?
- rrrrrrrrrrrryan 3y agoThey sell some items at a loss.