Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next
Author: knighttof3 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 201971  
Subject: Re: Costco TV segment - plus more tonight Date: 4/28/2012 11:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
That's why people walk into Costco to buy soap and walk out $600 later. There's the basic stuff you go there to buy, and then there are all the hidden treasures that are worth hunting through the rest of the store for. And when people find those treasures they load up.

In other words, Costco relies on impulse buyers who have the money to buy stuff they didn't know they wanted until they set foot in the store?

As a consumer, I want to buy from the retailer that is creating the least value for their stockholders, paying their employees a pittance, is not overpaying the executive "talent" and is not beholden to suppliers. Then I know I am getting a good deal (until they go out of business.) I want them to have crummy profit margins and frequent clearance sales on quality products, due to overoptimistic projections. And when (not if) they die, someone else can take their place. In summary, I want a vastly inefficient business as long as the inefficiency consists of failing to extract the last pound of flesh from their customers and not in product quality, selection and price. To some extent, Rite Aid and Sears fit the bill.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next

Announcements

Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
GetRichDieTrying's CAPS Blog

Becoming a Seasoned Investor
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement