3 ms·
Costco makes the majority of profit from membership fees, they've already profited from you before you have even made your first purchase. Arguable any profit t
by isk517 2y ago
Costco makes the majority of profit from membership fees, they've already profited from you before you have even made your first purchase. Arguable any profit they make from what you purchase is where you are being 'ripped off' but because the savings and return policies are better than the competition they avoid the 'pissing off'.
- gopher_space 2y agoIsn’t a membership like $35 a year?
- brianwawok 2y ago$60 or $120
- queuebert 2y agoAre you sure about that? Their average markup is around 10%, so that would mean that the average member would be spending $600 or less in the store per year.
- isk517 2y agohttps://www.forbes.com/sites/shelleykohan/2023/10/24/costco-members-loyalty-seems-immune-to-changes-in-leadership-and-price/ https://www.forbes.com/sites/shelleykohan/2023/10/24/costco-... I've seen the same numbers in multiple articles state that 72% of Costco's profits came from the membership fee in a year that they saw record sales.