Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BKH70041

(961 posts)
27. Much Different
Fri Jan 24, 2014, 06:52 PM
Jan 2014

Wal-Mart would just as soon some developer own the building and land and let them pay $3 a square foot.

It makes recommending Costco stock appealing. The investor is not just buying a company that sells merchandise. Rather they're buying a company that is acquiring real property; something that's not here today and gone tomorrow. The savvy investor understands the difference.

It's really simple: Don't be greedy, and pay your people what they're worth. CaliforniaPeggy Jan 2014 #1
Always a good atmosphere in COSTCO, customers from all over the world, employees glad to be there. freshwest Jan 2014 #3
The problem with that is most of these CEOs think their workers are overpaid useless scum. Spitfire of ATJ Jan 2014 #29
They are simply lines on a balance ledger. Nothing more nothing less. Just another cost of Ed Suspicious Jan 2014 #38
Or eliminated,....at a profit with a Dead Peasant Policy. Spitfire of ATJ Jan 2014 #46
I wonder how many Costco employees are on public assistance... TroglodyteScholar Jan 2014 #42
And it SHOWS in the way I'm treated as a customer! MrMickeysMom Jan 2014 #44
Yup, headquartered in Issaquah! Go Washington!!! Love 'em!!! n/t freshwest Jan 2014 #2
He could add.. sendero Jan 2014 #4
But, but, but... SoapBox Jan 2014 #32
Profits only is not enough for the monsters any more. Whisp Jan 2014 #5
They also have one one of the lowest turnovers of employees.. SomethingFishy Jan 2014 #6
This lad spends about $4,000 each year at Costco and a big fat zero at Walmart during the past seven indepat Jan 2014 #7
Costco makes profits by catering to $100K+ households Sen. Walter Sobchak Jan 2014 #8
Maybe so, but at least they seem to be doing it in a humanistic way Armstead Jan 2014 #9
I know a retired couple who shop there and have little money to burn... polichick Jan 2014 #10
Really? abelenkpe Jan 2014 #12
You can't be serious? LittleGirl Jan 2014 #17
That is cool and noble, but Costco's target market is still the top 20% of households. Sen. Walter Sobchak Jan 2014 #51
Several questions spooky3 Jan 2014 #52
This has never really been a subject in dispute Sen. Walter Sobchak Jan 2014 #55
Thanks for the additional info. But note spooky3 Jan 2014 #59
Well then, why doesn't Costco have a big neon sign that says "We Accept EBT" Sen. Walter Sobchak Jan 2014 #62
I am a bschool professor at a top university spooky3 Jan 2014 #72
This message was self-deleted by its author Sen. Walter Sobchak Jan 2014 #73
So what? Does this mean they should not exist? kestrel91316 Jan 2014 #57
Ofcourse not, I love Costco, I just wish they had indoor parking Sen. Walter Sobchak Jan 2014 #58
This does a nice job of highlighting a whole set of practices spooky3 Jan 2014 #60
nice try but don't give up hope nt msongs Jan 2014 #18
I must be about to get a nice raise then. Egnever Jan 2014 #20
I saw Mitt Romney recently at our Costco... FailureToCommunicate Jan 2014 #24
You've got to be kidding theHandpuppet Jan 2014 #39
Nope, Sen. Walter Sobchak Jan 2014 #50
We've been going there since we were newlyweds making a below-median salary. pnwmom Jan 2014 #41
You've got it backward, they attracted the top 20% market by meeting the demand Egalitarian Thug Jan 2014 #67
Bullshit. I'm a retiree on a fixed income, and Costco is one of my major stops eridani Jan 2014 #70
Two Entirely Different Business Models With Different Goals BKH70041 Jan 2014 #11
Can you explain more about the "land acquisition" angle? El_Johns Jan 2014 #19
This? Glassunion Jan 2014 #21
Sure BKH70041 Jan 2014 #22
Nothing different from Walmart there. El_Johns Jan 2014 #26
Much Different BKH70041 Jan 2014 #27
Walmart is its own "developer" & pays rent to itself for tax breaks. El_Johns Jan 2014 #35
Real property is nothing more than capital Major Nikon Jan 2014 #45
That is in fact one of the biggest hidden strengths of McDonalds. A HERETIC I AM Jan 2014 #37
So most expanding companies are a land-acquisition company by your odd definition. n/t pnwmom Jan 2014 #43
And there are far more efficient ways for spooky3 Jan 2014 #53
As a Costco member I agree with their operations. L0oniX Jan 2014 #13
the people who need to see this are walmart employees SleeplessinSoCal Jan 2014 #14
Just ordered a canvas print LittleGirl Jan 2014 #15
WalMart will not take note Glassunion Jan 2014 #16
The wife & I love CostCo!!! nt greytdemocrat Jan 2014 #23
There are a BUNCH of differences jmowreader Jan 2014 #25
Not sure how true it is but I heard Walmart has gone largely to a consignment system that.... yourout Jan 2014 #30
That may be true, but treating employees decently should be a basic in all models Armstead Jan 2014 #33
Inventory management and good human resources practices spooky3 Jan 2014 #56
It is in the case of retail jmowreader Jan 2014 #65
You aren't refuting my point; you are introducing spooky3 Jan 2014 #66
This is why I love Aldi as well. Barack_America Jan 2014 #69
To be fair, Costco and Walmart are two completely different businesses AZ Progressive Jan 2014 #28
That doesn't excuse exploitation Armstead Jan 2014 #34
Never said it did AZ Progressive Jan 2014 #40
I just believe that fair treatment of workers should be a basic part of any business equation Armstead Jan 2014 #47
I love Costco LittleBlue Jan 2014 #31
I recently bought a membership there. Incitatus Jan 2014 #48
Which record Boom Sound 416 Jan 2014 #36
A few years back I didn't like shopping at Costco because of the check out area XRubicon Jan 2014 #49
"Treat your employees like, you know, they are human beings" And everyone gasps in response ck4829 Jan 2014 #54
once they charged me for three items when I bought two demigoddess Jan 2014 #61
'm going back to Costco barbtries Jan 2014 #63
All the responses in this thread telling us it's not the reason kcr Jan 2014 #64
That's why you have my business, sir. Barack_America Jan 2014 #68
Wow! Maybe they should pay them 90K and double their profits again. nt Demo_Chris Jan 2014 #71
Latest Discussions»General Discussion»Costco's CEO explains how...»Reply #27