Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Costco's CEO explains how they make record profits: [View all]Egalitarian Thug
(12,448 posts)67. You've got it backward, they attracted the top 20% market by meeting the demand
of micro and very small businesses, pre-reagan. When Sinegal partnered, in 1983 he brought a decidedly anti-reagan management philosophy and it has been key to their success.
Costco doesn't keep spending (losing) millions of dollars every year on their hot dog sales because their customers need the break. Lots of their most valued customers need that high-quality hot dog and a coke for $1.50.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
73 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations

It's really simple: Don't be greedy, and pay your people what they're worth.
CaliforniaPeggy
Jan 2014
#1
Always a good atmosphere in COSTCO, customers from all over the world, employees glad to be there.
freshwest
Jan 2014
#3
The problem with that is most of these CEOs think their workers are overpaid useless scum.
Spitfire of ATJ
Jan 2014
#29
They are simply lines on a balance ledger. Nothing more nothing less. Just another cost of
Ed Suspicious
Jan 2014
#38
This lad spends about $4,000 each year at Costco and a big fat zero at Walmart during the past seven
indepat
Jan 2014
#7
That is cool and noble, but Costco's target market is still the top 20% of households.
Sen. Walter Sobchak
Jan 2014
#51
Well then, why doesn't Costco have a big neon sign that says "We Accept EBT"
Sen. Walter Sobchak
Jan 2014
#62
You've got it backward, they attracted the top 20% market by meeting the demand
Egalitarian Thug
Jan 2014
#67
So most expanding companies are a land-acquisition company by your odd definition. n/t
pnwmom
Jan 2014
#43
Not sure how true it is but I heard Walmart has gone largely to a consignment system that....
yourout
Jan 2014
#30
That may be true, but treating employees decently should be a basic in all models
Armstead
Jan 2014
#33
I just believe that fair treatment of workers should be a basic part of any business equation
Armstead
Jan 2014
#47
A few years back I didn't like shopping at Costco because of the check out area
XRubicon
Jan 2014
#49