As far as I can tell, Costco isn’t the lesser of two evils, but rather the one non evil choice of the pair. Their profit margin is something like 2%, which is just what they get from membership fees. But this is what I recall from memory, and it’s data from many years ago, so if anyone has evidence to the contrary, do share.
Now that you mention it, I seem to recall reading something similar a few years back. I still think they’ll inevitably break bad though - all it will take is some board and/or leadership turnover. We can at least enjoy the ride (and cheap hotdogs) in the meantime.
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As far as I can tell, Costco isn’t the lesser of two evils, but rather the one non evil choice of the pair. Their profit margin is something like 2%, which is just what they get from membership fees. But this is what I recall from memory, and it’s data from many years ago, so if anyone has evidence to the contrary, do share.
Now that you mention it, I seem to recall reading something similar a few years back. I still think they’ll inevitably break bad though - all it will take is some board and/or leadership turnover. We can at least enjoy the ride (and cheap hotdogs) in the meantime.