Pages

Jump to bottom

3 comments

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This page has been archived.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.

Jump to top

Create a PageThis 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: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
How to Fly a Drone (& NOT Crash) - in 4K! 8 easy steps to flying without crashing in ANY conditions: 1. Basic controls: 01:24 2. GPS off: 02:38 3. Rotate: 03:54 4. Side-to-side: 05:54 5. Forward and back: 07:39 6. Flying high: 09:24 7. Figure 8: 10:23 8. Flying ...
Thanos
6 hours, 37 minutes ago
Views: 93 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Guns. Sensibly, Responsibly, Constitutionally.I need your help. Please take a few minutes. It’s a quick read. There’s lots of spacing. Maybe pass the word for others to read this and leave a yea or nay comment. I’m not fishing for views. I need ...
dangerman
1 day, 6 hours ago
Views: 305 • Comments: 3 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Supreme Court May Make Prosecuting Bribery Cases Against Public Officials Tougher The justices, both conservative and liberal, gave a favorable hearing to former Virginia Gov. Robert McDonnell, who was convicted of corruption for taking $175,000 in cash and gifts from a businessman seeking help to promote his dietary supplement. McDonnell's ...
Thanos
1 day, 10 hours ago
Views: 482 • Comments: 1 • Rating: 1
Tweets: 10 • Share to Facebook
Shares: 2
Likes: 0
Comments: 1
: 3
′Oldschool Society′ Neo-Nazis Go on Trial for Refugee Home Attacks In Europe the anti-immigrant movement is more active. Four Germans have gone on trial on suspicion of planning to detonate nail bombs at a home for asylum seekers. The three men and one woman allegedly formed a far-right terror ...
Thanos
1 day, 10 hours ago
Views: 260 • Comments: 0 • Rating: 0
Tweets: 18 • Share to Facebook
Shares: 1
Likes: 1
Comments: 0
: 2
Time-Lapse Images of Mount St. Helens Dome Growth 2004-2008 gallery.usgs.gov The rapid onset of unrest at Mount St. Helens on September 23, 2004 initiated an uninterrupted lava-dome-building eruption that continued until 2008. The initial phase produced rapid growth of a lava dome as magma pushed upward. As shown ...
Thanos
1 day, 10 hours ago
Views: 627 • Comments: 0 • Rating: 7
Tweets: 70 • Share to Facebook
Shares: 1
Likes: 1
Comments: 0
: 2
6 Horrifying Realities of Dealing With Sandy Hook ‘Truthers’cracked.com On December 14, 2012, Lenny Pozner's six-year-old son Noah was one of 27 people murdered by Adam Lanza in the Sandy Hook Elementary School shooting. Pozner has since been consistently insulted and threatened by people who think he and ...
HappyWarrior
1 day, 13 hours ago
Views: 399 • Comments: 1 • Rating: 4
Tweets: 5 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Vice UK Rejects Call for Union Recognition Vice’s UK arm has rejected a push for union recognition by a group of staff, bucking a growing trend that has seen unionisation at digital media businesses including the outlet’s main base in the US. At a meeting held ...
The French Rat
1 day, 17 hours ago
Views: 496 • Comments: 1 • Rating: 1
Tweets: 2 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0
Racist Texts Allegedly Sent by SF Officers Released The text messages compared blacks to animals and made light of shootings. They called Latinos “beaners” and targeted gay officers. And all of them were sent by San Francisco police officers. Such are the contents of the latest bigoted ...
Thanos
2 days, 3 hours ago
Views: 653 • Comments: 0 • Rating: 2
Tweets: 3 • Share to Facebook
Shares: 1
Likes: 0
Comments: 0
: 1
Prince Had a $300 Million Fortune and No Will: Is All Hell About to Break Loose? Tyka Nelson, also a singer, filed documents in a Minnesota court today petitioning for the appointment of a special administrator who, in light of her late brother having no will, would oversee the distribution of Prince's assets to her ...
Thanos
2 days, 3 hours ago
Views: 678 • Comments: 0 • Rating: 0
Tweets: 32 • Share to Facebook
Shares: 1
Likes: 1
Comments: 0
: 2
New Gov. Sam Brownback Letter Begs for Money, Attacks Media, Ignores Reality The hook that wingnut welfare hangs on is paranoia about those darned liberals.... The opening sentence: “The liberal media continues to unleash a daily barrage of false and misleading attacks against our state and our values.” Then in bold-faced ...
Thanos
2 days, 11 hours ago
Views: 667 • Comments: 0 • Rating: 0
Tweets: 5 • Share to Facebook
Shares: 0
Likes: 0
Comments: 0
: 0