No. of Recommendations: 9
This from the WEB…& latest earnings data…
“Because Costco sells merchandise at extremely low mark-ups, membership fees are a key way the company is able to turn a profit. Costco reported nearly $4.6 billion in revenue from membership fees last year, representing over 72% of the total annual profits of $6.3 billion.Sep 26, 2023”
Not sure of anyone else but they could double my yrly membership fee & I would continue to hunt for a parking space & fill my cart on a regular basis.
I told the manager at our local Costco I could easily inc. his sales by 10%, he smiled & I told him to make the carts 10% larger.
One of the biggest things that irritates me is Costco dropping the Am Ex card yrs ago!
ciao
