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This page has been archived.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!
For about 33 cents a day (per month) or 22 cents a day (per year), our subscription option turns off all advertisements at LGF!
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.

Last updated: 2014-03-07 2:19 pm PST

LGF User's Guide
Recent Pages
Randall Gross
Russia ‘Outraged’ at Deadly Shootout in East Ukraine
Four people were reported killed on Sunday in a gun battle in restive eastern Ukraine, shattering a fragile Easter truce in the crisis-hit former Soviet republic. Three pro-Russian militants and one attacker were killed in a deadly firefight at a road block close to the separatist-held town of Slavyansk, local leader Vyatcheslav Ponomarev said. The identity of the assailants was not known. Kiev's ...

53 seconds ago
Views: 19 • Comments: 0
Tweets: 0 • Rating: 0
FemNaziBitch
‘MOM BABY GOD’ Offers Outsider’s Inside View of Pro-Life Movement : The (402)/411
"It always comes back to God in the end," Burrows said of pro-life efforts. "They try to rebrand themselves as focusing on women's rights, but it really comes down to reinforcing conservative Christian values and pushing it on people." She tried to understand the pro-life movement from the perspective of other young women. Burrows said she could see why they were persuaded by ...

13 hours, 41 minutes ago
Views: 126 • Comments: 0
Tweets: 1 • Rating: 1
palmerskiss
Debate Discrimination - Houston Chronicle
We're glad to see Mayor Annise Parker finally stand up and propose a human rights commission that will provide local due process for victims of public discrimination. Parker told the Chronicle editorial board that she plans to release a formal version of her proposal within the next few weeks, but sometimes the process is just as important as the result. As the energy ...

15 hours, 25 minutes ago
Views: 91 • Comments: 0
Tweets: 0 • Rating: 0
cycroft
Russ Campbell’s Blog: Bill C-23, Fair Elections Act Seems Now on Solid Ground
Now that a Sen­ate com­mit­tee has rec­om­mended nine changes to Bill C-23, Fair Elec­tions Act, the leg­is­la­tion seems pretty solid. And, since Pierre Poilievre has, ap­par­ently, in­di­cated pri­vately that he's open to changes, an amended ver­sion of the bill will likely be­come law by this sum­mer. We would prob­a­bly have got­ten to this point ear­lier had not the min­is­ter re­spon­si­ble for the bill ...

17 hours, 55 minutes ago
Views: 72 • Comments: 1
Tweets: 0 • Rating: 0
MichaelJ
Live now - 2014 Rip Curl Pro Bells Beach - ASP World Tour
More: 2014 Rip Curl Pro Bells Beach - ASP Iconic Bells Beach in Victoria, Australia once again hosts the world's best surfers for the 41st running of the Bells Beach Contest. New feature in this broadcast: drone cam!

1 day, 13 hours ago
Views: 175 • Comments: 0
Tweets: 3 • Rating: 0
Skip Intro
Why the Temperature of the Yellow Sea Is a Big Deal, and Other Questions About the South Korean Ferry Disaster
The boat ran into trouble several dozen miles from Jindo, an island that sticks out of South Korea's southwestern corner like a little toe. Jindo is surrounded by a group of even smaller islands that are slightly farther afield from the mainland. The ferry was curving around those small islands at the time it issued a distress call. What caused the disaster? We ...

1 day, 18 hours ago
Views: 348 • Comments: 3
Tweets: 25 • Rating: 1
Idle Drifter
Calgary stabbings: How knife crime in Canada can cause ‘moral panic’
What Calgary police chief Rick Hanson called the "worst mass murder" in the city's history didn't end at the barrel of a gun. Instead, the 22-year-old suspect identified on Tuesday as Matthew de Grood is accused of entering the kitchen at a house party, taking "a large knife" and using it to fatally stab four men and one woman, all of whom were students ...

3 days, 5 hours ago
Views: 239 • Comments: 4
Tweets: 0 • Rating: 0
aagcobb
New York Electoral College: State Joins National Popular Vote Interstate Compact.
Ben Mathis-Lilley, Slate: New York Electoral College: State Joins National Popular Vote Interstate Compact. Instead of pushing for a Constitutional amendment, which would have to be ratified in 38 states, advocates ask individual state legislatures to pass an agreement: that they'll pledge all their presidential electors to the winner of the national popular vote as soon as enough other states pass the law to ...

3 days, 11 hours ago
Views: 249 • Comments: 7
Tweets: 0 • Rating: 2
Political Atheist
The Insane History of Rockets at Jet Propulsion Laboratories
The Rocket Boys In the late 1930s, a group of Caltech graduate students were booted off campus after blowing up (part of!) their building during a rocket test gone awry. Unwilling to give up on the joy of semi-controlled explosions, the students and a few of their friends headed into the San Gabriel Mountains. They picked a deserted gully -- Arroyo Seco -- ...

4 days, 8 hours ago
Views: 280 • Comments: 0
Tweets: 0 • Rating: 2
iossarian
Drug Companies Want Your Money
Two thematically-related stories on the BBC at the moment: UK drug company Glaxo 'paid bribes to Polish doctors' UK drug company GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors, BBC Panorama has discovered. Tamiflu: Millions wasted on flu drug, claims major report Hundreds of millions of pounds may have been wasted on a drug for flu that works no better ...

4 days, 15 hours ago
Views: 275 • Comments: 0
Tweets: 8 • Rating: 0
 Frank says:

All right, Zubin, hit it! -- Frank's onstage cue to conductor Zubin Mehta during their collaborative effort with the L.A. Philharmonic orchestra in 1970