I Shopped At Costco

[rufus dog]

83. never walked in one either

Interesting article I saw about 10 years back.

From memory:

Costco members shop 26 times per year and spend $115 per visit.

Sam's Club was 15 times per yea with $65 per visit.

Couple of other interesting tidbits, Costco could market $30 high quality clothes and turn them quick. Sam's club could never get turns on quality merchandise so had to target $18 low quality shirts to compete with the Costco $25 high quality shirts.

Best part was the profit margin the managers had to hit, I believe it was between 14 and 15%. A first year manager thought he was doing well because he marked up some TV's and hit 15.1%. First guy up took an ass kicking for his store being at 13.9%, guy at 15.1% was up next and took an equal ass kicking. He tried to explain it was because he marked up the TVs and still sold them out. He got the response, "you would have sold them out plus sold some more detergent if you hadn't marked them up."