Costco - Why They're So Successful
HTML-код
- Опубликовано: 26 сен 2024
- Start your free trial today at www.squarespace... to get 10% off your first purchase.
My NEW Website: companyman.squ...
Patreon: / companyman
Episode Description:
There's no company out there quite like Costco. It continues to grow in popularity and that success can be attributed to some unique strategies. This video outlines these strategies and attempts answer why Costco is so successful.
Follow Me on Twitter - / mikecompany17
______________________________
Company Declines:
Kmart: • The Decline of Kmart.....
Blockbuster: • The Decline of Blockbu...
RadioShack: • The Decline of RadioSh...
Solo Cups: • The Decline of Solo......
Toys "R" Us: • The Decline of Toys R ...
hhgregg: • The Decline of hhgregg...
Pan Am: • The Decline of Pan Am....
ESPN: • The Decline of ESPN......
Gibson: • The Decline of Gibson....
______________________________
Intro Made By - / @jombo1
its actually $1.50 for a 1/4 lb hot dog and a twenty ounce soft drink plus a refill and you dont need a membership to buy one. when i was homeless and refused to beg, instead going dumpster diving in filthy disgusting dumbsters for cans. this was a life saver. i would only make $7 a day after 10 to 12 hrs of canning and im so greatful of having that food for the price.
unleashed rider salute to you for your progression,don’t look back .born to be a billionaire
How did you get out of the homeless situation?
@@CaneSugarCane prolly apllied for a job and slept close by
@@タイラー-p9x so many details to be had
Castcos soda is dirt cheap same price at mcds but you get a hot dog for 50c
I think I read an article talking about how Costco has a significant number of executive and top managers who started out as low level warehouse employees. I believe they have a policy of trying to advance the employees through different positions and have programs for college and other training. Hiring from within helps to create a culture where the employees have a sense of loyalty and belonging.
Have you ever worked there? There is no loyalty and belonging. It's the same as anywhere else, if you are close enough to the people in power they will promote you.
Ty Nao, No johann is right, my dad has been working at Costco for 21 years he stared off as a shopping cart guy now he owns a store in Colorado
He slowly made his way up and has moved from store to store I’ve moved like 7 times because he gets a job in a different town
@@troubletrevy yeh well that's cus shopping cart guys have the easiest job in the whole store I would have killed to work pushing carts around, I had to work in the food court where you are set up to fail
@@tynao2029 shut up crybaby. You probably just didnt have what it takes.
They tore down a Costco near me..... Just to build a bigger one 5x as big.. it was glorious.
Episode 1: Doomsday
Episode 2: Bloomsday
I think they did that to mine as well but I was too young to remember the original xD
*_top ten anime betrayals_*
They need to do the same for the one where I live. Always packed with long lines and no gas station.
blYnk
Hey!
I've been to Costco in Asia and it's super popular there as well.
In Australia too!
Costco in South Korea was one of my favorite places to shop when I lived there. Reasonably-priced western foods as well as other basic necessities under the same roof? Yes please.
@@kaimcdragonfist4803 their membership prices are lower too!
2 years late, but where in Asia?
Ive never heard of it before.
When I was like 7 I lost my parents in a Costco... one of the staff asked me why I was looking through an isle by myself soI told her what happened and they helped me find my parents in like 5 minutes... thanks Costco, I was fixing to have a panic attack.
Me too! But I was 5 and got stuck watching a movie in the giant TV displays. Turned around and my parents weren't there anymore. It all worked out though :) I love Costco.
Same execpt it was my fault
I was with my dad and told him that I wanted to check out the dispay phones and stuff like that and he told me he would he would come back for me after he is done shopping. Few minutes of playing Subway Surfers on the Iphone 9 display phone and I decided I was bored and went looking for my dad. I couldn't find him and started crying a employee saw me and I told him I am lost and he brought me to the front of the store and a few seconds later I see my Dad in line to buy the stuff and when I asked him where was he, He told me he was going to pick me up when he was done.
They gave me a a whole pallet of new parents
Sounds like you all have parents that, at best are totally negligent, and at worst, couldn't give a shit about you lol
You lost your parents? You mean they lost you
Costco runs a company the way I would want to.
Treating your employees well, keeping prices low, and making money with an alternate method that doesn't bankrupt shoppers.
Definitely love Costco. Would shop there over WalMart any day!
ilovecodemonkeys 👍👍👍
Yeap basic rules are:
1. Have enough people on the floor to do the work!
2. Give them all enough training so they can help each other out and not just worry about their job!
3. Give them decent wages and maybe even benefits (In AUstralia a boss has to pay 1/10 of what the employee has earnt into their superannuation (Retirement fund!) The Employee still gets every cent they earnt but the boss must pay an extra 10th into an account they can not access normally so they have at least some money when they retire!
4. Ask Employee's what you can do to make things better and than do it if it is practical!
5. Happy Staff = Happy Customers!
6. Happy Customers means return Business and better results!
He did not talk about how Costco does Petrol something the rivals do no do!
I have never once have felt like I was getting screwed over on price or quality at Costco. We left Sam's Club because they raised the price on my Cherrioes and put up a sign saying that the price was the new lower price. Really p*****ed me off and I went to the manager to complain who looked at me like I had leprosy or something. We joined Costco the next day. Sam's Club hotdogs are better however.
When I was buying my TV(which is still being used) I ended up buying it at Costco. 799.99 before taxes for a 42 Inch lcd 1080p TV with included extended warranty is a steal.
I've been a member of Costco since 1984, only back then it was known as Price Club. I've found the employees to be very helpful and friendly. I noticed many of them began working there and retiring 30 and 40 years later. I've seen more happy employees there than any place I've shopped at.
Jerry Kelley if only you invested in their stock then u would be a millionaire
Jerry Kelley I would venture to say that the employees were happily frolicking through the isles having a gay ol’time eh.
CostCo food court was the worst job I ever had, by far. Maybe good for employees if they don't have to work and have the easy jobs
@@tynao2029 shut up dude. I saw you on an other comment too, and your just talking to yourself honestly. Not every Costco is the same, and I'm sorry the one you worked at was bad, but all these guys are doing is telling how their experience was. You don't have to be an ass dude.
Ty Nao Honestly you seem to have a lot of time on your hands to comment over and over again about how much your job sucked. Look, you aren’t special. I’m sorry that your job sucked but a million other people have to work harder jobs than food court and they don’t complain.
Costco will probably never be in Arkansas. Walmart will never allow it and they have a massive influence over the state.
@KelMaster Construction we have everything in central missouri except for costco but i want a costco lmao
yeah but Walmart and Sam’s club are based out of Bentonville Arkansas so Walmart/Sam’s Club is all over Arkansas so no one would buy from Costco because they are used to Walmart/Sam’s Club
I have Costco and sams club right across the street from each other lol
They might have a rap battle.
This is lovely
costo feels like its in another realm, time speeds up when you walk through those doors and i often feel like im in a video game when i shop there.
its a good experience
@Goerges Hunt for the membership price of 60$ a year, they give you wholesale prices for... pretty much everything. so you end up buying more stuff at costco.
and the more people buy at costco, the cheaper costco can get stuff.
cosco is built upon a model thats mutually beneficial to all involved...
To be honest, 2008 and 2009 was pretty rough for everyone
Understatement of the week
Ugh not my favorite years
Elaborate please.....
Im a young boi please explain
Randem NJ the recession
They’re not in Arkansas because that’s the HQs of Walmart. Bentonville is all about Walmart and nothing else
Couch Tomato Sam's Club specifically, in comparing to CostCo. I work for Sam's Club and the old man's face is plastered all over the place reminding us of the roots
Couch Tomato
I lived in the Bentonville area. Pretty nice area. Lots of Walmarts and Sams Club's.
I live in Arkansas
Couch Tomato Seattle is where the first Costco was
The income and population Demographic required to support a Costco just doesn’t exist in Arkansas in many states. It’s a high end operation
They provide value, affordable, cheap and quality in one package.
Their low gas prices also is a key to attract customer to the door.
the gas stations are safe too! that alone is worth it imo
I worked at costco, the company is basically built on two major pillars; 1) the environment of the store - simplistic, not cluttered, neatly organized and efficient. 2) Fairness - they get membership money and in return they sell the items as cheap as they can and at a high quality as well as offering other benefits like gas. Memebership fee's also keep out wal-marts pajama wearing trailer park clientele which contributes to improving the environment of the place. Basically they have a business model of everyone, including employees, are treated fairly and it builds loyalty. Basically I can confirm to you that yes, their intentions were pure, its not a scam, they do want to treat their members well.
I mean, it's still self-interest in the sense that membership fee is actually how they make money. But since everyone is better off (barring any negative externalities, like cars idling for hours while trying to actually get the cheap gas), nobody really cares.
With Executive Membership at Costco, you can get special pricing on luxury cars/SUVs. Email me for more information!
I always did hate seeing pajama wearing trailer trash at Walmary
haha, I've been saying for years that WalMart reminds me of a trailer park
You do see the difference in Wal-Mart to a target too with the clientele because targets prices are a bit higher even cents make a difference you don't see a lot of trashy folks hanging there. And Costco it's a whole new level of different clientele they don't trash the place up for cheap single products. They sell by bulk and usually at a reasonable price but for those who know math well can tell that difference. Hell even Sams club same thing the membership is about 10 to 20 bucks less than Costco and you don't see as many trashy folks as Wal-Mart. And they're the same company and in some cases have both connected together like the one in evergreen park.
lol Costco opened in Iceland before Arkansas
Lmao
Lmfaoo
@Shay True Blue Aussie F
Cries in Arkansan
Lamo
$1.50 Hot Dogs
Enough said.
Eross Van Leer don't forget the drink that comes with it too
Lunar Lancer That drink also comes with a free refill.
I've tried them several times, not a fan. Cool that they're so cheap though.
MysteryMii215 Can't beat it
youtubasoarus they are not only cheap but they are all beef too.
I just tried Costco pizza not too long ago for the first time. It was honestly life changing
Yep
Just don't watch how and where they make it you might start throwing up
@@tynao2029 It is just robots
havent ate the pizza there for along time but the hotdogs and the turkey sandwich are pretty good wished they built one near my school
@@TheRealBigface Nah its kids with no gloves dirty ass booger hands and blowing snot all over the pizza dough trust me I used to work at the food court
Maybe I missed it, but Costco's CEO also doesn't take home an exorbitant amount of money compared to their competition. Knowing employees are compensated well and the CEO isn't raking in money makes me happy to support them even as a single dude
Jerry Lee, you'r right about Costco CEO's pay. It's lot different than most of the big company CEO's. It's very admirable. I guess it's part of the reasons of Costco's success.
Good ol wholesome Costco
Whatever it is, he’s still in the 1% and you’re still in the 99. You think making 14 bucks an hour is making a lot of money? That’s less than 30K a year, hardly anything these days, but for single people it’s ok as long as you don’t start a family, don’t have expensive tastes, and aren’t too materialistic. And why are you as a “single dude” supporting Costco anyway, where most everything is purchased in large volumes and bulk?
It's all relative. $14/hour with benefits and a presumably steady work schedule and low turn-over rate is a whole lot better than Costco's competitors offer (most notably Walmart), even if it doesn't make you rich. I support Costco because I want them to do well. I don't take advantage of their return policy and I'd rather give them my money than a company who treats their employees like crap. Not to mention people like me can still get non-perishables and gas there. Where do you prefer to shop and why?
It depends on what I’m buying, but three rules persist: a store must have what I want, it must sell it at a good price, and it must have an inviting atmosphere. Having knowledgeable employees helps too. They are in business to serve their customers, not the other way around. They will do well if they keep their customers happy, and if employees don’t like their compensation, they should terminate their employment. I realize it’s often not possible to find all three of my rules under one roof, But if I’m shopping for a laptop for example, I’ll go to Best Buy rather than Costco, because I will get better customer service and more product choices. Same with men’s clothing. I’ll go somewhere there are more choices instead of one or two tables of piles of clothes. For groceries, I like to keep it locally owned and operated. I haven’t been to a Starbucks in years because my area has better alternatives that serve much better coffee. Costco and Sam’s Club, (not Wal-Mart, I know Sams and Wal-Mart are the same company but they’re not the same thing), don’t meet my needs but apparently a lot of other people love them and that’s good for them.
Costco is basically the Amazon of retail. They have a 90-day return policy, no re-stocking fee, products are generally cheaper, and for me, its the best place to buy electronics (e.x, computers,t.v.,etc) They extend your warranty by 2 years. And if you use their Citi Visa card, it gets extended by another 2 years. It is also a place to go to get free lunch (samples) or really cheap hotdog and pizza.
MegaCrasherMusic 🤔
Lol, but I think he means brick and mortar.
I like to compare them to Burger King... Who's like the McDonalds of fast food.
McDonalds is the McDonalds of fast food. Burger King is the Burger King of fast food. I don't think one of us is doing this right.
Mister I bought my tv from there
Finally made the Costco video! Awesome thank you!
Edit: I just Got to the part of the video with my comments, didn’t expect that Haha. thanks again!
I feel special just finding your comment.
I was happy just to get replied to by a creator once, much less actually put in the video. Good for you!
It's like yelling out a song at a concert... And they play that song!! But better, because 1,000,000 people will see it... eventually. Nice job!
TAP2K hey I work at costco also. CEO would never compromise our benefits
Kevin Lyons hahaha nice way of putting it, thanks!
I'm inclined to give my business to a company like Costco that takes such good care of their employees. I'm all about good customer service. It's my favorite reason to return to a store or shop. It's upsetting to me when I'm handing over money to a sour faced associate who'd rather not be there.
oh believe me, they would rather not be there. CostCo is one of the worst places to work
@@randomgaming8616 he's just a butthurt worker a thread above shows him spewing nonsense claims against a Costco worker on worker conditions and such
@@randomgaming8616 lol. Hes lying.
Costco gives bonuses to employees every 6 months after they top out.
All the Costco's in WA hire at 15 bucks an hour, the benefits are unbeatable, I get glasses for free.
And on top of all the small shit, like free food, gift cards that we win, and free merchandise raffles, I make 30/hr to cut meat.
I'm willing to bet the fucking idiot above, was probably a shitty worker who was fired.
@@tynao2029 hahahahahahahah. Awwwww I'm sorry, couldnt make it at costco?
Go back to pushing carts you fucking pussy😂😂😂
@@tynao2029 you belong at mcdonalds.
Stay down there bitch.
Yes I love costco, like other have said the free samples are great, I go in there and since there's no signs it's like treasure hunt every time. I go from free sample to free sample while looking for groceries in between. Also I have never had a negative experience with a costco employee
EMAN00619 There's always new stuff every time you go, it's great!
EMAN00619 I'm watching a video on Costco on a tv I bought from Costco
If you drive a lot, the costco membership for gas alone IS worth it
With Executive Membership at Costco, you can get special pricing on luxury cars/SUVs. Email kcal99@hotmail.com for more information!
It saves me about 5 bucks a tank, makes a big difference over time
Interesting...*noted*
I use my mom's
Especially here in SoCal. Driving is a must for me and Costco is a godsend.
One thing I've always found interesting about Costco is the quality of their store brand -- it's remarkable -- something you can't say very often about store brands.
Miguel Zavaleta Kirkland is so good because it actually IS brand name. Their yoghurt is made by Danone, the coffee is actually Starbucks, the jeans are made by Levi's, the batteries by Duracell...The list goes on. You pay less for brand name things!
Ray-Cara Burt Really????? Wow, it actually makes sense, now that I think about it.
Very common thing. At the store I work at some of our store brand electronics accessories are from the same factory as the Targus ones, the exact same item with different branding on it right down to the same box or blister pack.
Costco is very customer serviced. So their own brand reflects their value to their customers. When they choose vendors for a product or service for them to brand. They are very focused on Quality and Service.
It's very common place for store brands to be made by brands in the same factory, just no branding on them and sold at almost production cost,
I took a nap in a Costco parking lot the other day. No membership fee required.
Damn someone should have robbed you
I went and brought my Starbucks water cup and quickly refilled it with soda at Costco. No membership fee required.
@@getpoked2498 there will be soon lol, get lall of your soda fill now idiot
Ty Nao Mate, considering that you've been at this for a year, Im more convinced someone's paying you to smear. The hell did Costco do to you?
Wildcard Actual ikr I Cafe back to this video one year later and he’s still hating on it.
I recently got a Costco membership and the entire process of getting a membership, getting groceries, getting food, it was all, like, enlightening. They explained everything perfectly well when I got the membership, and in perfect English too. I should probably say, I'm in JAPAN. I don't know if that's a standard or what but there was at least one employee who was fluent in English and walked me through everything nicely (despite there being some confusion at the start). By the way, the membership is like $20 less here, 4,400 yen per year. I wish I'd known about this place when I first arrived in Japan, cause it's practically a hop skip and a jump from where I currently live.
I'm so glad Costco came to Japan haha. I don't drive so my roommate and I take suitcases and check them in then, then when we're done shopping we just put everything in the suitcase and take the train home. Cheapest place to buy cheese, and eggs lol like for sure
I am disappointed in myself for not visiting Costco while I was in Japan.. Honestly love the brand
Congrats Terrance!
The majority of things are cheaper in Japan after currency conversion
Man, if I were to go to Japan, I'd visit a Costco just for shits and giggles.
My parents have been a member since 1999. I love Costco so much. It’s such a good store. The membership is a little annoying but you get really really really good service. And yes a Costco membership is worth it
Stupid people travel in flocks
@@tynao2029 ok
@@tynao2029 like you
Wow mine have only been members since like 07’
@@tynao2029 lol is your only thing here hating on Costco?
Congrats Company Man on the squarespace sponsorship, that means you've made it in the RUclips world
He's up there with "wendover productions" now
I always feel bad for the regular Wal-Mart employees. Costco isn't depressing like Wal-Mart.
Tbh i work at costco and i feel bad for other retail employees
Ever worked there idiot? CostCo is actually much worse to work than WalMart. AT least at WalMart you get to leave when your shift ends
@KelMaster Construction kind of like construction...
@@tynao2029 stores literally cant force you to work OT without your permission. stop spreading bullshit
@@8jaytee they can't but that doesn't mean they won't. It happens all the time especially at big corporations like Costco
why is your content so addictive? your videos are as good as costco samples. 🙂👍
Agreed. his narration is on point. :)
You should also mention the quality of Costco's merchandise, especially the house brand- Kirkland.
Exactly. One of the biggest benefits Costco has over other stores is my trust in their product quality. Haven't gotten a flimsy, cheaply made, disgusting, etc. purchase in the years I've been a member with only one exception. And that's saying something, because I love me some Costco and have impulse control issues when I go there and buy way more than I came in there for 😅🤣.
So yeah, if Costco has an item I need and it's not an outrageous price I won't bother price checking around or coupon clipping. Knowing that I'm getting what I paid for--and if not,I can return it, bcuz 100% refund policy--more than pays for the extra cents or dollar and change I could have hypothetically saved elsewhere. Less time, less hassle, less risk, and usually less cost per unit, though that's just a bonus at this day and age where it seems that products are made to break instead of last. And I know I'm one of many Costco members who shop there loyally for this very reason
CJFAULKNER yeah, Kirkland is pretty underated, at least IMO, it's way better quality and a better price than others store owned brands like Walmart's brand.
Its complete garbage Maybe not if you never had real quality
Ty Nao go do something else other than commenting hate on a costco video that’s is over a year old
@@yeo9358 he's also been doing this for an entire year and a half. maybe walmart hired him for $25/hr+benefits just to do this on every costco video 8 hours a day
The gas fuel savings alone pay for the membership.
If you're willing to sit in line for 20 minutes every time you need gas, sure. I'm not convinced its quality gasoline either. My GF won't get gas anywhere else, but my time is worth more than the $2 I'll save.
Jeff Stewart fact is a lot of people use their cars to get them from point A to point B are willing to sit in line for 20 minutes to get gas. That’s why there’s always a huge line-up.
Also I drive a Honda Accord for commute every day. I also have an Infiniti Q60 for my girlfriend. We buy gas for the Infiniti at gas stations and I buy gas for my Accord at Costco. Most people don’t drive premium cars, so the quality of the gas doesn’t matter to them. But a few dollars saved do
Ah hahaha Infinity a premium car lol... or were you talking about the honda? Regardless, if you are ok with trading 20 minutes for $2, then costco is heaven sent. I'm not. I'm not bashing people that want to wait in line for gas to save money, its just that the cost is too great for me.
Now when I have to gas up my truck, I will brave the costco line, I can save quite a bit because the gas tank is 35 gallons. The savings is enough to justify the time sink. But once a week, getting commute gas... not worth it to me.
At my local costco i found that going midday on a weekday makes it so that you have no line that you have to wait in, so I get cheap and quick gas
Jeff Stewart Do you still consider Cadillac and Lincoln as premium cars old man?
when I go to Costco the employee would often write smiley faces on the receipts.
sameeeee
They used to but my Costco got really busy and they don’t have time anymore
I always liked that, it made me feel happy c:
@@Audrey.May16 eh that happens.
Growing up, I went to Costco with my parents every Friday night. When I was younger, the receipt checker would always do this, but they stopped around when I was a teenager. Still have very fond memories of those times. :)
He forgot to mention the amazing free samples.
I regularly buy these delicious microwave burgers because of those free samples
Same... One thing for sure they know how to promote the products....
vizthex I like the pizza
Those aren’t Costco employees. They work for a company that has an exclusive contract with Costco for demonstrations. I work at the Costco in Sarasota and frequent the samples on my breaks.
vizthex lol, those are awesome! It's the only reason if anyone says if I want to go shopping with them I actually go!
I'm convinced you can stay inside a Costco forever and never go hungry
Welcome to Costco. I love you.
Welcome to Costco. I love you.
Welcome to Costco. I love you.
Welcome to Costco. I love you.
Robert1811 ???
Nathan McClure Idiocracy!!
Brawndo, it’s what the plants crave! It’s got electrolytes!
Get to the Time Maccheen
I have been a Costco member for 5 years. It is worth everything! It make sense if your expenses is for a family. Everything you spend earns a 1% reward and every year the reward pays for the membership itself so it is free for me.
I pay for cheaper goods and I spend enough so that the membership is effectively free.
They also have incredible level of customer service. You can return anything you’re not satisfied with and they never hassle you. Makes your purchases stress free, since you can always return if it doesn’t fit, if it doesn’t work properly. Etcs.
I also have the Costco credit card which gives me an extra year of warranty for electric or electronic goods. Example, I bought a TV for $400 which include extended warranty from square trade and credit card totaling up the TV warranty to 7 years.
Even if you don’t buy anything from Costco. Just filling up gasoline from Costco saves you tons of money!
BTW, Walmart has a copycat version of Costco but they can’t match Costco price nor the customer service.
Yeah, Sam's customer service isn't the same...I work for the sample company in Sam's and they usually treat us like we're shit on their shoes. Now that we're not doing the samples (covid) we are cleaning the stores and it's slightly better since the employees don't have to do as much of the deeper cleaning.
Here is the one key to a successful business, it's your employees
if you keep your employees happy, and not miserable, your business will automatically do better in revenues
a lot of places like WalMart has terrible customer service, because most employees there are miserable
ever seen a happy WalMart employee?, it's a rare sight
while at Costco, most employees i see are pretty happy and glad to help the customers
keep your employees happy, and they will run your business for you
employees are the backbone of the company. Keep your backbone in good shape and you'll be in good shape in general.
Yes 💪🏾💪🏾💪🏾💪🏾
JoeAceJR they're not exactly "unhapppy" but they are not as cheerful as the Costco employees.
I don’t shop at Walmart since I can’t get any service. What’s the point of shopping somewhere when the employees won’t help you or give a shit when you ask for help and tell you to ask someone else.
but walmart is way bigger
Just came back from Mexico and Costco was bumpin' there too! Costco Fiesta 🎉
Brandon Beavis Investing I just got back from Mexico too! Though I didn't see any I was in Costa Maya and Cozumel. They were stops from my stay in the Norwegian Getaway (Cruise Ship)
do you think there are many regional differences between the two? Like food court items?
I just was in Cancun and they have one there, its in the more "residential" area not the tourist area and the food court is outside
the menu is the same, tho the food court is outside (I went to the one in cancun)
We love Costco here in Mexico, i save a lot of money, the potatoes and the pizza is great
I used to work at Walmart, and now I'm a cart-pusher at Costco. Costco genuinely cares about their employees. Management actually listens to you and actively tries to come up with solutions, they are genuinely invested in your personal/familial health, and are incredibly flexible with schedules, as well as constantly offering training in other areas of the store (which usually means a $1/hr pay bump). I'm going on 2 years, and after 14 years of various retail stores, it's the best company I've ever worked for. I actually matter, even as a cart-guy.
That's great. Its one of the reasons I feel great when I shop at Costco. High Quality products and employees.
Seems to be the place Karens like to shop at the most.
Cart guy? How did you score that superb position?
@@CoasterMan13Official Karen’s know what’s up then.
@@andrewsalazar98 no, it's because they get to be as b!tchy as they want without societal repercussions.
You actually forgot one detail about the rotisserie chickens. They're located at the back of the warehouse under the idea that walking past all the other items in the store you might see something you want and end up buying it. They're bait to get you walking further into the building.
Big brain
Aaaand you can't forget the free samples! 😋
Omg 😮 That’s right he didn’t even mention the free samples
You can literally have a meal with all of those free samples
Actually, the sample (demo) people are not Costco employees. They work for a separate company contracted by the different brands that they demo. The demos drive sales massively.
Patrick R.
But they have costco badges
Google should advertise their google home minis in costco so my mom would buy them
1,000 SUBS WITH 2 VIDEOS a
If you have a big family, then I imagine Costco is a dream come true. Your family works hard, and has a combined income, and by investing in a lot of food now for an overall lower price is worth it.
YES I Love costco and their food
Yes. The hot dogs and soda.. good. Pretty fun place and the free samples too.
SAMMEEE, they make the best Pizza, and faster. Great for a quick snack.
sammme best pizza evur
Chicken Bakes are so good
Kyle2000 yum I agree!
I love the idea of Costco because rather than operating as a retail company, they're a subscription service that can sell things almost at cost, undercutting almost every other competitor.
Quality of Costco's Kirkland brand really high and consistent. Quality of prepared foods, baked goods, really high. And that Pumpkin pie for Thanksgiving and holidays - Yum!
Some of there Kirkland brand products are even better than named brand products because of how strict and good quality they have yet sell at on average a few bucks less than name brands.
Yes! And don't forget those huge muffins 🤤
Agree...except for their TP, they obv changed suppliers a few years ago and their current TP is useless.
Food truck that comes to my shop carries the Kirkland chicken bake roll things. Fucking heaven in a plastic wrapper lol
It’s like the Lexus of pastry brands
The membership is worth it, over time, you will actually be saving more money by shopping at Costco because you get more quantity for what you pay
i shop at Costco every month, because that's how long the supplies i need last
while if i were to buy the same amount of things at WalMart, i would have to shop every 2 weeks, and end up spending a whole lot more
Sunny shah 👍👍👍 Exactly.
indeed, i have a executive membership, and shop there often, every year i have gotten more than enough cash back on the 2% cash back to pay for the next years membership plus some extra.
Erron Watts my dad actually works at Costco. So basically free stuff for us.
well when you consider how much they make off the product, it makes sense, cause where does that profit come from, it's raising the price of the product.
With Executive Membership at Costco, you can get special pricing on luxury cars/SUVs. Email me at kcal99@hotmail.com for more information!
When Costco opened here in Iceland last year it became a *craze. Everyone* wanted a membership and on opening day there were traffic jams near the parking lot and gas station and people in line were offering other people money just for a shopping cart. *Shopping carts!*
At first when someone said anything negative about Costco on facebook and other forums they were fanatically silenced by people tired of the high prices in other stores. But recently there have been reports of rising prices in Costco and the shine is wearing off. More Icelanders are starting to turn on Costco.
Krock well it's fucking Iceland. Those transportation prices have to be paid yo
When they deal with competitors, they'll come running back
You know something's good when *ICELAND* like it.
well I bet what happened is they kept the prices more similar to America's/Europe's for the initial enticement and then raised them (cause they were likely selling at a loss the first year) so they would actually profit.
What I love about Costco is that my wife purchased a sweeper about 3 years ago worked fine until on day it stopped working. Went to Costco spoke to them & they said bring it in and we can replace it at no charge. What other places does that? Another benefit is I purchased a 70" tv from Costco it come with a 2;yr warranty from Costco & if you purchase it with a Costco credit card you get another 2 yrs along with the 1 year warranty from the manufacturer.
I work at Costco in the meat dept making 30 bucks an hour.
With bonuses every 6 months.
Everyone said it was impossible to have a consumer friendly company 🤷♂️
I made a joke about watching this video on Costco on a TV I bought from a Costco. That included warranty is what got them my business. 📺 outlasted my relationship.
One thing you didn't mention but help explain Costco's success is that they also have a strategy of 60-70% of items in their warehouses being staples like toilet paper, cereals, and detergent. With the rest being what they call "treasures" which are impulse buy items like blenders, purses, tvs, etc. So in turn, people will come out with more than they intended to buy.
Red The Hunter Yup. Certainly helps that the milk and toilet paper/papertowels is alllll the way in the far back corner of the warehouse.
Ernest Hemingway I refuse to take a cart nowadays because I know it will lead to problems lol.
In our local costco, 1/4 of the floor plan is electronics. TVs, computers, tablets, phones, stereos, cameras. Another 1/4 is lawn furniture and "special buys" like gas grills, tool boxes, matresses... random stuff. All the clothes, food, tires, booze, soda are crammed into the back of the store. We only buy costco paper products and snacks. Sometimes they have some good fish.
Then of course the pharmacy discounts... I have a prescription my insurance won't cover; and thanks to Costco, I can pick it up for just over $20.
And they use "easter eggs" as a strategy to increase those impulse buys. That is, they take stuff away, and it might come back later...it might not. So if you know that, and you see something you might want to get, it might be what tips you into buying it. I seem to recall seeing Costco's CEO laying that out in a local interview.
Costco Gasoline is Top Tier certified. Costco Gasoline is rated #1 in America in quality and they're also the strictest brand regarding gas pump maintenance, inspections, and calibrations. Notice how well-kept and clean Costco pumps are compared to other stations. Most gas stations are privately owned and entirely up to the owner to maintain and calibrate the pumps. You can probably do an episode on Costco Gasoline and the gasoline industry.
I don't care about the price or wait time or distance. I've been a Costco member for 21 years. I shop at Costco after work and after the store closes, there are no lines at the pumps. All my cars run solely on Costco Gasoline. I trust their stringent standards. They have a reputation to uphold unlike those privately owned stations. Not many people know this but pumps have filters that need to be changed often. Costco changes these filters far more frequently than other gas stations. The result is you get cleaner gas so your car's own filter has to do less work. There are too many horror stories of people getting tainted gas at other gas stations because the owner neglected to maintain the equipment. Some truck delivery drivers even admit putting 87 octane in all the pumps because the owner asked them to. Anything to increase the bottom line. Some owners rig their pumps to give you a tiny bit less fuel than you paid for. I've seen a fair amount of those in my days. Before I started using Fuelly.com, I kept a very detailed log of my mileage. Certain gas stations around my route gave consistently poorer gas mileage and vice versa. I got tired of playing guessing games and now I use 100% Costco Gasoline in my fleet. Always consistent. If you drive the same route everyday, you'll even be able to notice when they switch summer/winter blends.
I agree. I'd like to add that there's no wait if one goes to the gas station from opening to a half hour before the store opens.
With Executive Membership at Costco, you can get special pricing on luxury cars/SUVs. Email me for more information!
You guys haven’t been to Hawaii yet. The lines are crazy inside and out of the stores. There’s always no parking an hour before the store opens and sometimes pizza waits are an hour long just because people order pizza in the bulks
@chief tp Remember, just because you haven't had a problem with gas in 25+ years of driving doesn't mean there is no such thing as bad gas. It definitely exists (although I have no idea how to pinpoint from where in the supply chain it "begins"). To contribute to your main point, you are correct in saying that there is no such thing as "Costco" gasoline, but only in that Costco does not control any part of the gasoline production process. In our area (SE US), they acquire it from ExxonMobil most of the time. What constitutes "Top Tier" however (regardless of whether or not it's strictly a marketing term) is the amount of additive added to the gasoline as a percentage. Costco is very strict on adding additive, both in certain amounts, and in quality. Other gas stations, especially privately owned ones, only add the minimum amount required federally, while Costco adds far more. This is what gives them the "#1 Top Tier" rating. Quality wise, every time there is an additive delivery, they take a sample from that delivery, date it and keep it on standby until the next delivery. If a member has a concern about the gas quality they take the sample from the last batch and send it in for testing to make sure it meets their standard and contains what it's supposed to. As far as pricing goes, the same concept applies as with the hot dogs & rotisserie chickens: the gas is kind of just a bonus to get you in the door/keep renewing your membership. They are lucky to break even and occasionally lose money on gas by maintaining a strict price-matching or price-cutting policy within a certain mile radius around the store.
@chief tp I didn't say anything about making gas better. I simply said they increase the additive content in their gasoline (more than federally required by the EPA) which in turn gives them a "Top Tier" rating. "Additive" is an umbrella term which can include oxygenates or antioxidants, and can act as corrosion inhibitors or lubricants. The main additive I believe used at Costco is a deposit control additive, which is essentially a detergent that cleans the small passages in fuel injectors or carburetors; this allows a more consistent mixture of fuel & air which contributes to better gas mileage. Obviously I don't know the exact formula of what they use but I've handled it and studied it a bit, having worked at one of their gas stations for almost 1.5 years. To take samples they have a small tool which you can stick into the tank after an additive delivery (in simplest terms, imagine dropping a bucket attached to a chain down into a well to collect water). Keep in mind additive deliveries are fairly rare, but yes, they do indeed take a sample each time.
I believe it. It's one of the few stores I actually like going to shop to. Not to mention the customer service, which single handedly destroys every other company. I had an issue with a phone I bought about 3 months ago, went to Costco, and got a full refund no questions asked. And the Kirkland brand has become synonymous with quality that I'm actually disappointed when there isn't a Kirkland version of a product.
That's no big deal. Just about any store will let you return something without asking questions, and if they do ask a question, it's usually something like, "is there anything wrong with it?" Say no and they give you your money back
Jonathan Voigt have you returned anything expensive at Best Buy? I tried returning some headphones that died on one side (guess what brand), and it was a good 30 minutes with back and forth argument and manager approval to get my refund (I was perfectly happy with an exchange, but they refused). Costco? Took it in, said I couldn't connect to my network as well as before. Literally 2 minutes later I was out.
The best part about CostCo is seeing Ty Nao freaking out when he//she is alone at the Food Court register.
omg underrated comment lol
i love this comment
Haha that’s funny
comment underrated
Is he THIS angry?
It's sad that a generous play-style that benefits everyone involved is considered "unique."
Atleast it stays alive
If everyone was doing it, it wouldn't work. The pay is good relative to the norm. Notice how he said the employees know they can't go somewhere else and get the same thing, so they stay. That's how an efficiency wage works.
to many people for giving benefits to everyone. I can ony imagine what It's going to be like in the future.
Could you do an episode on GameStop, and why they're succeeding despite lots of online criticism?
EDIT: Yes, I'm aware that they are on the verge of a decline, and in fact I agree with that, but I'm talking more about in general, disregarding the past few years.
GameStop at this point is the only retailer left that specializes in video games, so they've basically become a Monopoly in the game-selling industry here in the US. Even if retailers like Target and Wal-Mart sell video games, they're not nearly as cheap or large in variety as GameStop is able to sell their games.
Shalk Tiem Yeah, honestly I agree, they have a huge monopoly, but it could still be an interesting video. Maybe something about how it gained the monopoly, or what you would have to do to shut it down, stuff like that. I'd hope that we just get more game stores period. They're probably going to be on a decline soon though because games through online stores (Eshop, Steam, PlayStation store, etc.) are not only cheaper but a better convenience. Combine that with PR backlash and unhappy employees (if RUclips told you anything,) they're at least gonna slow down a bit.
I live in Puerto Rico where Gamestop shut down completely and it's the greatest thing to have happened for us gamers. Mom & Pop, independent game shops have begun popping up and offering better services and prices. And this is despite the terrible economy. Used to be Gamestop held a monopoly on game sales (Amazon being their sole real competitor). Honestly I wish they failed in the States too. It'd be great for the consumer.
No 🅱OI. Just kidding that's a nice suggestion but all gamers know that and the non gamers don't care so he isn't gonna sacrifice time and energy for a video that has been done before. ( I think )
Dougy Nah, too my knowledge it hasn't. Also, do you really think that that many people who watch Company Man are hardcore gamers?
A pro-consumer company? They said it was impossible!
Yeah. They're one of the few that have realized that business is a mutually-beneficial relationship that does not include only them and the shareholders.
And all the other retailers are confused why their losing
Costco was on the rise in the mid to late 90s when I first went there. Glad to hear in 2020 they are still of the rise.👍
Costco: Your go to stop for when you need 200 gallons of car wash soap.
Nah man, that's the small pack. Go for the 1000 gallon and get even a better deal. I mean you won't be able to carry it yourself and you'll need to rent a forklift but shit man, with these prices can you afford not to? LOL
@@youtubasoarus I get mine in tanker cars.
"Walmart has to spend time organizing shelves..."
😂 What was the last Walmart you've been in.
Last time I was in a Walmart, they had the bread next to the cereal, but the butter, peanut butter, jam, and honey were all over by the Electronics department.
That's what happens when a company treats employee like a cog in the machine.
Allow me to clarify.
Walmart doesn't like keeping employees around, because that means paying them more than minimum wage after a while, and that costs money. So they have a high turnover of employees who never learn where anything is. They also pay their employees peanuts, so they're always crotchety about something. Finally, their store layouts just don't make any sense, and they're constantly moving things around so you can't find what you're looking for, and ultimately end up buying more than what you came in to get. And again, the employees are treated and paid like shit, so they in turn more easily succumb to treating customers like shit.
My local Walmart constantly has employees in every aisle organizing and stocking shelves. It's annoying because they're always in front of what I need to buy. It's a 24/7 operation with 10-20 employees (just in grocery) getting paid to keep things on the shelves. Ironically I can never find most of the stuff I need in stock! Lol
FBI-kun well everyone is a cog in the machine in some way, no matter where you work.
Nothing about their premium private label brand Kirkland? It's a big part to their success. Before it was "private label for better margins" now its "private label so Amazon can't steal it".
I have bought a LOT from Costco and the Kirkland brand is usually excellent. Also their meat (beef especially) is terrific. LOVE Costco!
Yeah! I thought that about the meat department there while watching, it is particularly good, and ive also think kirkland is the best store brand products by far.
Kirkland cashews are fantastic.
Costco is the cat’s pajamas. The CEO even refused a raise. Plus those $1.50 hot dogs.
Another idiot who thinks 1.50 is a good price for hot dogs when you can buy a 6 pack for 1.00 at the grocery store. Stupidity is a powerful influencer
@@tynao2029
Did you seriously compare refrigerated hot dogs with food court hot dogs while calling someone else stupid?
@@microsf121 hey dummy I worked in the food court the ones they use are refrigerated
@@tynao2029
And then they are heated up, put into a bun, and served hot and you compared that to a six pack of refrigerated hot dogs.
I'm guessing your were fired and that's why you are so antagonistic towards Costco.
@@microsf121 dude are you stupid you do all of that stuff to any hot dog. You aren't supposed to eat them raw. Both CostCo and refrigerated hot dogs are the same thing. They keep them in a fridge under the nasty old hot dog water.
I work at costco. I can tell you that there's only one reason for their success, which you failed to explore.
Free samples bruv. I don't even need to bring a lunch on unlucky days, I just walk through the store and sample it up
KingPeuche lmao the samples are so small
bigsmoke27 there's so many, 1 or 2 in every isle on Saturday's
KingPeuche yep the samples make it worth it especially when you’re out on carts
No it’s much more than samples
John Iii shut
Costco: The store Sams club tries to be.
ok
6kvin10 you’ve obviously never been to costco.
The Informed Duck I have
Amy Capen i was replying to the original comment.
I was a member going way back to when Costco was called The Price Club in 1977. I'm still a member. I really love shopping there. Love buying stuff in bulk!!
My sister was a price club member
Costco: loses money through multiple ways
Also Costco: mega S T O N K S
Costco is bae
Tort تورت YES😩
You had a picture of the Costco in Maui. It is the most profitable Costco in the world. During Christmas time it has million dollar days.
Alika Ostermiller There one on a freaking island in the pacific!?
yes, because it's a food desert and your people suffer from inflation and overpriced goods. Develop every square ft of land in Hawaii including Zuckerbergs land and the CostCo won't be so profitable with McDonald's and dollar stores parked next door
That Costco employee has nothing to worry about. I feel bad for the Walmart employee. He works for a company that pays its workers crap and will always pay their workers crap and forcing them to rely on government assistance. The Walton family is utter trash, but what do you expect from Arkansas, maybe that's the reason Costco isn't there, enjoy your Walmart starvation wages. The Amazon owned Whole Foods is the same, Jeff Bezos doesn't pay his workers crap either.
Costco will eat both of their lunches.
Life in the 413 I live in Daytona Beach Florida. There is a BJ's and a Sam's Club here. If Costco can find a property in open here, it will destroy them both.
I used to work at target then I went to costco. Costco literally pays me twice as much for doing half as much work. Plus the benefits alone are worth working at Costco for
my starting wage at walmart was more than the minimum so they aren't all that bad
j rand It’s unlikely BJs and Costco use the same distributor.
Costco pays a "living wage" this is based on real market data from government sources... Not on facebook groups trying to get higher wages.
Annual memberships of $60-$120 keep out the riff-raff.
Seriously. Which helps remove other expenses like theft.
not at the food court although it is being required at the food court now
Sure keeps me out.
Good to know.
Most Costcos are in the outer suburbs anyway, where "riff raff" isn't as much of a problem. Really though, purchasing a membership just to shop somewhere isn't an alluring prospect to the average person, and doesn't make a lot of sense unless you're purchasing for a business. And those who have eclectic tastes and like variety won't be happy shopping at Costco.
Wait. Costcow isn’t in Arkansas?
FUUUUUUUUUUUUUUUUUUUUUUU...
Actually, that might be good. It may disturb the beautiful scenery of Walmarts everywhere.
Lol
And to the left, you'll see the wild Arkansas Wal-mart grazing in its natural habitat. Do not underestimate the importance of Wal-marts in the ecosystem, they serve the important role of attracting weird people, thus preventing them from invading other habitats.
Limestone Butter that and the walton family owns that state with a cubic zirconium fist
Lol
Limestone Butter don’t forget about sam’s club
The food there is the best tho.
i go there so i dont have to get lunch at Mcdonalds
ayyymate lmao same
They truly mastered the art of imbuing pizza with grease. The bread is just there for decoration. The cheese is so glorious that it eats through the paper plates.
I dont know if you guys in states have those but here in Canada we have these delicious Turkey and Provolone sandwiches for C$5.50. How they manage to sell that at 5.50 I dont know(actually i do now thanks to this video).
Tbh that's kinda sad
The crazy part is that even while making you pay for a 60 dollar membership, you still save A LOT of money if you shop there often. Costco is one of the best brands for consumers
I think Costco gets an A+ in showing how to run a business. Yes you have to buy a membership, yes you have to buy in bulk and shop in a warehouse, But, they know how to treat there customers and employees. As a business, if you give your customers and your employees what they want, you as a business will get what you want, and that is success !! To many companies just do not understand that concept.
I work at a shitty fast food joint, our higher ups in corporate always come down and yell at us because we're not providing the same service as In N Out.
yet they fail to realize that In N Out starts people off at 2-3 dollars more than they pay us after promotions! In N Out employees like working there, they get paid well, so they work harder.
Razor X so in other words it's not important to have a good work ethic. If you don't believe in what you're doing, you should quit and go work at In N Out or better yet, learn a trade.
and employees with good morale and experience also improve know-how about what the customers like, how best to do the job, etc.
many efficiencies grow from the bottom up, not top down.
sadly, many blame the victims: the poorly paid and treated employees, not the often selfish and unproductive managers and owners.
to add insult to injury, dogmatic holier-than-thou types sermonize about how others should live their lives.
kudos to costco for showing another way.
Test I don’t know which costcos you have been to but that certainly hasn’t been my experience with Costco. Their employees aren’t much better or knowledgeable than any of their competitors. Which is striking given the small number of choices among Costco’s inventory. And Costco gets an F for their checkout lanes which is a dealbreaker for many people when deciding where to shop. Long lines, no self checkouts, and indifferent employees have been my experience there every time. So much for the happy, thrilled-to-be-there Costco employee.
Great video. As a Costco member, I suggest you do a comparison between Costco and Sam's Club. Totally different.
Yeah I wont shop at Sams, it like the difference of Shopping at Macys or Walmart.
Arkansas is home of WalMart.
I too would love a comparison video.
Costco is def one of the brands I think positively off. As a customer for almost all my life, I always looked forward to go there.
Akshay Padhye Same
Welcome to Costco. I love you.
I've been going to Costco ever since I was little, I remember the people who would check the receipts when I was super little like 10 years ago would draw smiley faces
Master Bleach i’m guessing you’re either 15 or 16
Rising Stars Spot on
I Iive in Australia and the people cannot get enough of Costco.
Australians love American businesses, They know how to do business.
Politics us Americans are not always so great at I'll admit, but when it comes to making money hand over fist in businesses like Costco, Amazon, Google, Apple, Netflix, Walmart, etc... you are damn right we know business. lol!
That's interesting, did you know that almost all the pallets in Costco are from CHEP; an Australian company
Where I live in Australia, we are lucky enough to have a Costco in the process of being built. Better than driving an hour out of the city to go to Costco.
Mate I've never seen a Costco, where ya live mate?
If you saw his info graphic in the video you could work out roughly where the stores are located.
In response to the dude @ 6:40, I worked at a Costco in Buena Park, California, Not sure what those aholes who replied to his comment are talking about. Costco benefits are top notch. Currently I am a federal government employee (TSA) and I can say without a doubt I miss my Costco benefits as they put the crap benefits i get with my current job to shame..
At Costco, I had guaranteed wage increases, I had a 2 million dollar Life Insurance policy (it was dirt cheap so no reason not to pick it), also a $250,000 supplemental death & dismemberment insurance policy, which covers if you lost a limb or body part or died on the job, which also covered if you died on the way to and from work (i.e. auto accident), and their health insurance plan was a mere $18-22 dollars per month and was through Kaiser Permanent for medical, vision, and dental coverage (dental through diff company), and if you ever been to a Kaiser medical center/hospital, you'll know they give top notch service, no hassles with referrals, low co-pay/deductables (as low as $5 for some services, $10 prescriptions, up to $20 for specialists/emergency care), they take walk-ins, etc. Also costco has excellent 401k and other retirement/investment options through reputable companies such as T.Rowe Price and JP Morgan.
Compare that to my government job, no such thing as guaranteed wage/salary increases, rather you're more worried about government layoffs on a regular basis than if you're going to get a raise each review, then when it comes to benefits... for the price of Costco's 2 mill life insurance policy, i barely get a standard 150k life insurance policy and there's no such thing as a supplemental death/dismemberment insurance plan, and shitty medical coverage though Aetna, which is lousy compared to Kaiser, and cost more per month to boot ($49), I mainly hate that everything must be done through referrals, appointments, and everything cost $20 in copayment/deductables, and to see a specialist, you better expect to shell out $60, and you can only see a specialist through referral only, which is extremely annoying where Kaiser you can simply call up the specialist department and schedule an appointment or literally walk-in to make an appointment or if available, told they can see you immediately.
...and don't even dare think about going into emergency care, unless it's a serious emergency, as that's not covered the same as Kaiser... not like kaiser where all services are covered under an "umbrella price", so doesn't matter what sort of emergency service you get, it's all one price, so for example: I went in two times over two days in a row with abdominal pain, and both visits I had 2 CT scans performed (turned out to be small hernia that required surgery), and once all was said and done, my bill, including surgery was approximately $60.. compared with Aetna where I went to an emergency room with blue shield for a simple fractured ankle a few years ago which just required a simple normal x-ray and a cast (no surgery), ended up with a bill of ~$300.. So in other words, rather than all (or most) emergency services being covered as part of the co-pay like with Kaiser, it seems emergency care cost with Aetna can vary depending on what services are performed.. So if a simple x-ray and cast can cost $300, i'd hate to imagine what 2 CT Scans and surgery would have cost...
Also to give you an idea of what Plan Costco offers their employees with medical, when I had left costco, I had attempted to keep my same medical plan, but pay for it out of pocket... turns out it was one of Kaiser's top plans, COBRA, and would have cost me ~$500-600 per month just to keep the same benefits... Instead I opted for a lower $230 plan which i kept to hold me over until benefits kicked in at my new job at the time.
Thanks for sharing this info. I WISH my office job would provide benefits even CLOSE to that.
I love Costco. It is seriously one of my favorite stores.
And to the person who works there - don't listen to people who say that it's going to eventually be like Walmart. Costco's excellent treatment of their employees is a part of their reputation and, I don't doubt, a differentiator between them and their biggest competition - the Walmart-owned Sam's Club. I don't think that Costco will change their corporate culture anytime soon.
have you ever worked at CostCo? I did at the FoodCourt and its the same thing as WalMart, they are both fascist who treat employees as nothing. All large corporations do this to their non-management shoes in the stores, the truck drivers and warehouse workers get all of their freedom and wealth
@@tynao2029 idk i think it's your own case. in my experience the management can vary, because i've seen costcos who block people from entering since their card was one day out of expiry but also costcos where the employees literally give you free stuff because you forgot your card (and let you in too).
Sam's Club is like Walmart but bigger. Its like if Costco was on drugs.
@@tynao2029 cringe
This video reminded me that I need to renew my Costco membership in a week
When I went on a vacation to Maui Hawaii there was a costco there. And everything cost exactly the same as it did at home. Crazy that they can afford that!
x99:
That's because shipping-distributing goods/products by water is the least expensive of all forms of Transportation. I have friends that live on Maui and always stay (for free) at their extra-home (a Cottage) located on their large Rental units property near Lahaina.
I always go to Costo after getting off the plane before heading to the other side of the Island.....and yes,the prices are nearly the same as the Mainland. Things like beer and liquor....pretty cheap everywhere......so much for the bullshit stories most Retailers-Restaurants use as an excuse for Products costing so much because "it has to be shipped".
Alot of people I know don't have a membership but still shop their often with a friend or relitive who does have one. Besides you usually need two people to carry all the things you bought. I personally only go once every month or two, but I spend a fair amount each time. Being able to get bulk items cheep is the main reason I shop their.
3:47 whenever my family goes to Costco we buy allot. that one of the reason why it's so profitable. it doesnt need to sell things at an expensive price they just need a lot of that thing
I love Costco I will renew my membership just for the hotdogs
Marco Villa Too bad they just discontinued the hot dogs :(
You can go to the food court without a membership
Dominick Marshall that was the pork ones. U can still get the 100% beef ones.
I go to the food court most of the time without a membership you don't even need one for that
They discontinued the brats. Boooooooo.
I worked at Price Club, the first warehouse membership gig in the mid 80's before they merged with Costco. It was a great place to work with awesome benefits and perks. 30 years later, Costco keeps the same tradition. They Rock. I remember having discussions in the 80s about the goal to just operate on membership fees. And I wonder who knows about costco travel. I use their rental car service all the time and it is hard to beat anyway else.
What does Costco Travel do?
Costco is the bee's knees...
Can't believe it took me so long to figure that out
I had a microscope slide of bee's knees. that microscope was fun.
What impressed me about Costco is superb customer service. A few months ago, I was at their food court and my drink cap came apart and the drink all over my shoes and socks. A young woman was cleaning nearby, she saw me and immediately came to help me clean up. The counter saw what had happened and he immediately brought out a new glass of the drink. They were really on the ball and took care of my needs in a completely professional way. They made me a lifer. We are executive members and generally get $ 400-500 because we also get our medicines there as well.
Do a video on the company "PornHub.." I know it shounds werid, but it's very successful. Just try to moderate, and dumb it down.
Actually that's a front for mindgeek which owns many porn sites and the porn streaming sites.
Actually that makes a lot of sense for company man to do. :)
this is actually a great suggestion
MadMan just be professional and I’m curious too. I bet they had a lot of problems with government and shit
MadMan It is a good idea, but he probably couldn't get the video monetized.
The pharmacy there always beats other places in the area (walgreens, cvs, walmart) and you don't need a membership to buy from the pharmacy.
My wife and I have no kids, so initially we "ignored" joining Costco as we don't need a lot of bulk food, but eventually we crunched the numbers and just a couple nonperishables and their organic chicken breast (which we can freeze) made it worth joining just from the savings on those few items compared to a more traditional store. Those few items each month are enough to pay for the $60 membership multiple times over. They also have some great side services like the food and tire center.
Yooooo im at costco rn wtff
Company Man is psychic!!! LOL!!!
Andres Echeverry yo buy a lottery ticket RN
"Enterprise. One to beam up." *^_^*
Hey GOAT, should have mentioned those memberships add up to $7m in ARR which is why they will be valued higher than a traditional grocer or store chain. Long time viewer keep it up!
Guys I think time stops when you're inside a Costco.
One thing I noticed you didn't mention was their business card. Their business card allows you to purchase products for business, personal, and resale use. I work at a locally owned restaurant, we make a lot of our sauces and stuff from scratch. Probably around 1/4 of all our food and some other supplies comes from Costco. We probably spend around 800 dollars there a week. It's good for supporting local businesses as well.
For people saying "Costco looks like a Sam's club/BJs/etc whats the difference?" The difference is Costco pays it's workers fair wages (granted the free sample people are from a different company) and doesn't exploit them. Their employees look happy to work there, and they're happy to help you. And even still Costco keeps making money hand over foot, because happy workers ultimately = happy customers.
Costco is the premier example of showing that stockholders/shareholders are short sighted dipshits who ultimately kill companies in the unending search of greater short term profits. Costco's leadership (who come from within the company, you gotta work your way up.) tells them to fuck off and keeps on making money. Due to coming up from within the company, they have a long term view on profits, and business health, which should be the standard.
Costco should stand as the model for public companies, because if they don't, companies'll just keep going out of business due to short sighted greed and all we'll have is like google and amazon. Capitalism may reward the short term thinkers, but it REALLY rewards those who think of the long-term.
Well said. I loved how they give there employees a living wage and benefits. Costco shares the wealth.
If you havent been to a Costco...
*You have not lived*
ayyymate welp
>there is no costco in romania
Guess you havent been to Central Market
I've been to a Sams Club
aren't any Costco stores in Norway
I'd really love to see some comparison between Costco and Sam's club
And now there is, have you seen this video?😉
ruclips.net/video/k58Dp3FmYrg/видео.html
You know im from California and about every 10 miles theres a Costco
MRCFgaming 333 there's another Costco literally 5 minutes away from the Costco I work lol
my city has 3 costcos within the same 4 mile radius
As a Californian, I've been a huge Costco fan my whole life. Gotta love those berry smoothies lmao
Glenn Jenkins I feel you man
Those churros are on point my dude
They changed the berry to strawberry at mine :(((
Glenn Jenkins Chicken Bakes are 👌
Dude I couldn't believe they started selling burgers
How is the company Sams Club not different from Costco. We’ve had a Sams Club membership and a Costco membership and they are very similar. You should do a video on the comparison on Sams Club and Costco
They're both the same in practice for sure.
the service, size sample are two few things
Who is rolling over in his grave.
I’ve had several bad experiences with Sams and I’ve been with Costco ever since. Returns dates are the best, better deals on the cellphone area, cheaper and better tasting food than Sams and they all didn’t close down randomly. Costco is better by far
Costco is 100 times better....
You should mention that Costco accepts food stamps
and allows card holders to enter as guest for NO CHARGE....
7:20 yeah makes sense you will see employees that will have “since 2007” on there name tags, they don’t leave.
My local Costco has many employees with "since 2003" name tags, they really love working there
mine says "2002"
My grandparents have been with Costco since 1999 as executive members, believe it or not. Costco is great.
My store has numerous "silver badges". These employees have been with the company for at least 25 years. We also have various employees with dates in the 90's and early 2000's.