Pages

3 comments

Jump to bottom
1 Our Precious Bodily Fluids  Thu, Nov 22, 2012 8:43:01pm

Also an old article but worth a read:
How Costco Became the Anti-Wal-Mart

But not everyone is happy with Costco's business strategy. Some Wall Street analysts assert that Mr. Sinegal is overly generous not only to Costco's customers but to its workers as well.

Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."

Mr. Sinegal begs to differ. He rejects Wall Street's assumption that to succeed in discount retailing, companies must pay poorly and skimp on benefits, or must ratchet up prices to meet Wall Street's profit demands.

Good wages and benefits are why Costco has extremely low rates of turnover and theft by employees, he said. And Costco's customers, who are more affluent than other warehouse store shoppers, stay loyal because they like that low prices do not come at the workers' expense. "This is not altruistic," he said. "This is good business."

2 shecky  Thu, Nov 22, 2012 11:18:30pm

A few years ago, there was an interesting post on boingboing.net by guest blogger Charles Platt, about his time working for Walmart, called Life at Walmart. I found it quite interesting because I come across quite a few folks with huge axes to grind about Walmart, for a whole litany of reasons that in most cases seem fairly overwrought.

3 Dark_Falcon  Fri, Nov 23, 2012 7:20:46am

re: #1 Our Precious Bodily Fluids

Also an old article but worth a read:
How Costco Became the Anti-Wal-Mart

I can attest that Costco has stores in Niles and Mount Prospect, Illinois, and both of those stores attract their fair share of middle-class customers. So there is truth to this article in my eyes.


This page has been archived.
Comments are closed.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our yearly subscription, and save 50% off the normal subscription price! One-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2015-04-18 5:26 pm PDT

LGF User's Guide
Recent Pages
Thanos
Saudi Arabia Says It Has Arrested 93 Islamic State Suspects
Saudi Arabia has arrested 93 people suspected of belonging to the Islamic State militant group, including two people who planned a failed suicide car bombing against the U.S. embassy in Riyadh, the interior ministry said on Tuesday. The 93 ...

2 minutes ago
Views: 6 • Comments: 0
Tweets: 0 • Rating: 0
FemNaziBitch
5 Ways It’s Become a Crime to Be Poor in America, Punishable by Further Impoverishment
The criminalization of America's poor has been quietly gaining steam for years, but a recent study, "The Poor Get Prison," co-authored by Karen Dolan and Jodi L. Carr, reveals the startling extent to which American municipalities are fining and ...

23 minutes ago
Views: 49 • Comments: 0
Tweets: 0 • Rating: 0
Cheechako
Alleged Gambell Pizza Thieves Try to Sell Goods to on-Duty Officers
Dumb and Dumber need to find new careers. Tegan HanlonAlaska Dispatch NewsApril 27, 2015 Of 80 frozen pizzas stolen Sunday in the village of Gambell, 75 have been recovered, according to Alaska State Troopers. Village police officers received their "strongest ...

8 hours, 42 minutes ago
Views: 95 • Comments: 0
Tweets: 0 • Rating: 1
palmerskiss
Jonah Goldberg’s Dog Is A Manchurian Liberal Plant
@JonahNRO your dog is obviously a liberal facist homo-feminazi — palmerkiss (@palmerkiss) April 27, 2015 I admit, I'd buy his dog a drink and share war stories. Secretly hoping it's a Schnauzer.

1 day, 5 hours ago
Views: 399 • Comments: 0
Tweets: 48 • Rating: 2
EiMitch
Cracked: 5 Things You Won’t (Want to) Believe I Saw Guarding US Nukes
cracked.com If there happens to be anyone reading LGF who opposes nuclear disarmament for any reason, you probably need to know that our doomsday arsenal is less secure than a revolving door in a prison. I'm just saying that we're ...

1 day, 22 hours ago
Views: 332 • Comments: 1
Tweets: 0 • Rating: 0
TheTruthHurts
Israeli settlements profit from Palestinian children
Muhammad is one of hundreds of Palestinian children who has dropped out of school and started working for low wages in exploitive conditions to ensure some Israeli agricultural settlements prosper...

6 days ago
Views: 588 • Comments: 4
Tweets: 1 • Rating: 1
Higgs Boson's Mate
Sleeping Bear Dunes shipwrecks spotted by helicopter patrol
LEELANAU COUNTY, MI -- A Northern Michigan Coast Guard helicopter crew on routine patrol captured some excellent images of the shipwrecks that dot the waters off Sleeping Bear Dunes National Lakeshore. The Traverse City-based crew posted six photos on ...

6 days, 22 hours ago
Views: 523 • Comments: 1
Tweets: 2 • Rating: 6
CriticalDragon1177
Skepchick - Ad Hominem Fallacy: A Lesson for Sea World ( Video )
Rebecca Watson takes on Sea World, and their attacks on John Hargrove. She takes them to task for attacking him, rather than even trying to refute his allegations, and in the process gives us a lesson in critical thinking. Read ...

1 week ago
Views: 784 • Comments: 0
Tweets: 37 • Rating: 3
philosophus invidius
Bioethicist Live-Tweets Her Son’s Sex-Ed Class
The tweets were simultaneously disturbing and hilarious. "We are going to roll this dice 8 times. Every time your number comes up, in pretend your condom failed and you get a paper baby." JESUS!!! — Alice Dreger (@AliceDreger) April ...

1 week, 4 days ago
Views: 676 • Comments: 7
Tweets: 2 • Rating: 9
 Frank says:

Never stop until your good becomes better, and your better becomes the best.