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Message
re: FYI gas still $1.99 at Costco in Nola
Posted on 9/1/17 at 1:09 pm to Sweltering Chill
Posted on 9/1/17 at 1:09 pm to Sweltering Chill
quote:
That's actually Costco's entire business model... There is zero margin/markup on any product in the store... 100% of their profit comes from selling memberships... This is how they can keep their prices so low.
Wrong. They run at a 10% margin.
1
Posted on 9/1/17 at 1:22 pm to Sweltering Chill
quote:
That's actually Costco's entire business model... There is zero margin/markup on any product in the store... 100% of their profit comes from selling memberships... This is how they can keep their prices so low.
I don't see how that could be possible.
Posted on 9/1/17 at 2:14 pm to TH03
I thought it was 15% but anyway it's a low margin. Many retailers work on the key. Or 100% mark up. They set at 15%.
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