Costco proves naysayers wrong...profits way up.

[SaveElmer]

Guess those "nattering nabobs of negativism" who worried that "Blue" company Costco was too generous to its employees are eating their words tonight!!!

<snip>

Costco Wholesale Corp. said higher sales of discount items combined with a favorable tax rate helped push its profit up nearly 20 percent in its fourth quarter. Its shares rose more than 5 percent.


<snip>

http://www.salon.com/wire/ap/archive.html?wire=D8D2MTR81.html

[SW FL Dem]

1. I'm doing my part to keep their profits up!

I buy all I can at Costco, I only buy what I can't get there at the local grocery store which is really red.

[Mandate My Ass]

3. Me too. Costco is great.

Unfortunately it's quite a drive from where I live but I can stock up most staples for at least a month at a time when I go.

[Pirate Smile]

2. I need one where I live.

:(

[Gabi Hayes]

4. I got my NEW CAR through them

just spent 100 bucks today

[Vektor]

5. I shop Costco religiously!

As does my whole family, and mostly everyone I know. Costco ROCKS.

[Mandate My Ass]

7. I got my mom to give up her Sam's Club membership

in exchange I have to take her to Costco whenever I go, but so what? Starve the red companies.

[Vektor]

14. Excellent work, citizen!

One shopper, one dollar at a time. Starve the greedy bastards out.

[Mandate My Ass]

18. Starve them before they starve you

:patriot:

[TahitiNut]

10. On your knees and praying?

Sounds uncomfortable on those concrete floors. :shrug:

[Vektor]

13. Bwaa-hahahah

Sometimes I do have to pray in there. For strength to not overspend. They have A LOT of good stuff. :-)

[rwheeler31]

6. great news

nt

[tuvor]

8. I don't know about the US, but in Canada...

...their prices aren't as great as a few years ago. Just as cheap to shop at a few other regular grocery stores. And at Costco, you still have to pay annually for the "privilege".

Great for the workers, I'm sure they deserve every penny. But Costco, in my experience, hasn't filled the niche it used to fill for a long time now.

If other ex-members start feeling the same way and start voting with their dollars, how long will their profits continue?

I hope they manage to make it work.

[blondeatlast]

9. The financial media can spin it all they want.

There's a Costco going up about 1 1/2 miles from my house and I couldn't be happier!

Note that another business that I personally know treats it's employees very well, Southwest Airlines, is also making oodles of money.

SO THERE, WALMART!

[joefree1]

11. All hail Costco and Buyblue.org

http://buyblue.org/

Love the veggie section and the big bricks of Cheddar.

[LincolnMcGrath]

12. K + R

I look for at least a few walmart apologists to come in here and poo poo this story. :eyes:

[chalky]

15. I've had a couple of friends switch from Sam's to Costco

after I'd dropped a political flea in their ear. :evilgrin:
A little knowledge is a dangerous thing.

[Mr_Spock]

16. I go out of my way to shop there

I'm doing my part. I could go to BJ's 6 miles away but I drive 20 miles to go to Costco. Go Blue!!

[Zynx]

17. Republicans don't believe you can pay workers well and make money.

They honestly believe that crap.

[texpatriot2004]

19. Buy Blue Baby n/t

[1932]

20. I'd pay more at places where I know the employees are treated well.

Costco, however, is a place where you pay less, and you know the employees are treated well.

Incidentally, Costco's mark-up on everything is usually 5% and never more than 10% IIRC.

Unless someone someone elses is selling something as a loss-leader, rarely will you find anywhere selling for less than Costco.

[wicket]

21. I LOVE Costco!

I buy as much as I can there, and am keeping my pantry well stocked, never know what could happen...

[Carla in Ca]

22. I don't shop there

but thank goodness you can use the pharmacy with a membership. My Beagle's meds are very expensive but I get a pretty good break at Costco.