Wednesday, June 23, 2010

Inside Costco

ABC News did a little feature on Costco.

Nuggets from the piece:
  • Costco never charges more than 14 percent above cost for any item
  • It's the...ninth largest retailer in the world
  • It only carries about 4,000 unique products for sale at any one time. Compare that to a typical supermarket, which carries about 40,000 products, or a Wal-Mart store with about 125,000 products
  • Craziness. Costco snaps up 50 percent of the world's supply of the most popular cashew, selling $300,000 worth of them every week. The only product that sells more is that eternal necessity: toilet paper
I just thought all that was interesting.

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