How Costco Mastered Capitalism Without Being Greedy

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ความคิดเห็น • 63

  • @Moviefreak893
    @Moviefreak893 วันที่ผ่านมา +57

    Well done video. I'm glad someone is praising companies that are being ethical rather than companies that just grow and are rich at the expense of everyone else

    • @EstablishedContext
      @EstablishedContext  16 ชั่วโมงที่ผ่านมา

      appreciate that, thank you!

  • @michaelvincent843
    @michaelvincent843 12 ชั่วโมงที่ผ่านมา +34

    I work building Costcos, and the culture trickles down all the way to us. Despite having the most aggressive build timeline in the industry most people are quite happy. Costco works with mostly reasonable general contractors, and having Span construction (a 100% employee owned company) erecting every non-union job there is good consistency across sites.

    • @Senorzilchnzero
      @Senorzilchnzero 8 ชั่วโมงที่ผ่านมา +1

      Why do they have the most aggressive build timeline?

    • @michaelvincent843
      @michaelvincent843 ชั่วโมงที่ผ่านมา

      @ honestly unclear, because they certainly do not open as many stores as demand would suggest, we have very consistently done 15-25 stores a year. I think it’s that once the store starts going up the community gets very anxious for it, always a lot of hype. Also given the warehouse style of the building allows for an aggressive timeline. You don’t really see new construction warehouse style commercial buildings too much these days, Walmart, Target, etc. aren’t really opening a ton of new stores. If you even consider those the same style.
      Fun fact: Home Depot essentially stopped building for over a decade, but in the last year the same builder for Costco has erected nearly a dozen, in the same style as Costco. You can find these mostly in Texas and AZ.

  • @DieselDucy
    @DieselDucy 19 ชั่วโมงที่ผ่านมา +19

    MUCH respect for this company!

  • @taylorstewart5201
    @taylorstewart5201 20 ชั่วโมงที่ผ่านมา +25

    Would have tried to talk to a Costco employee. There is nationwide dissent growing from within Costco and it is not the employee focused company it used to be.

    • @EstablishedContext
      @EstablishedContext  19 ชั่วโมงที่ผ่านมา +9

      Totally fair, I didn't see much dissent in my research but I appreciate the feedback and would like to incorporate more viewpoints in the future. Obviously every company has some degree of problems and not every single employee will be happy.

    • @ignacymoscicki3834
      @ignacymoscicki3834 8 ชั่วโมงที่ผ่านมา

      I have to agree with that statement, they need to focus on the staff

  • @wulfric3543
    @wulfric3543 10 ชั่วโมงที่ผ่านมา +4

    Loved Costco as both a consumer and an employee, but recent years the work culture has shifted a lot. There is a darkside to Costco that not a lot of people know or hear about...

  • @FantasyPhenoms
    @FantasyPhenoms วันที่ผ่านมา +15

    DOUBLE CHUNK CHOCOLATE COOKIE

    • @RPG_Kyle
      @RPG_Kyle วันที่ผ่านมา +1

      LOL

  • @norbertfranqui
    @norbertfranqui 14 ชั่วโมงที่ผ่านมา +3

    Well done. You deserve more subs which I’m sure you’ll get on this path.

  • @kyemalexander
    @kyemalexander 11 ชั่วโมงที่ผ่านมา +3

    This video was great! Well done!

  • @MasterDebator-l7u
    @MasterDebator-l7u 11 ชั่วโมงที่ผ่านมา +3

    Costco is a great company with a great ethos and great products. Best big box retailer out there. Inversely you have stores like walmart and target who are quite literally evil. As one example, walmart used to take out life insurance policies on their older employees, and it wasn’t to payout the surviving members of the family member (employee) who’d passed. It was to collect money for the company so they could continue profiting off that individual after they’d passed. Truly a $h** company and I haven’t shopped there in over a decade.

  • @WealthyChronicle
    @WealthyChronicle 18 นาทีที่ผ่านมา

    Who knew a $1.50 hot dog combo was part of a genius business model? Costco is redefining what success looks like in retail. 🔥

  • @explorewithme4707
    @explorewithme4707 11 ชั่วโมงที่ผ่านมา +2

    I’ve worked at Costco a long time. Jim was the man!

  • @YeshuaAgapao
    @YeshuaAgapao 8 ชั่วโมงที่ผ่านมา +1

    The $1.50 hotdog/soda combo, the $10 pizza (they got rid of supreme though), and the $5 rotisserie chicken. All great stuff.

  • @lillithveil
    @lillithveil ชั่วโมงที่ผ่านมา

    When there's only two types of cheddar 1 is private label at 19.99 and Kirkland is 14.99 it's easy to make a choice without compromising quality. One thing I'd point out too is that costco at least where I am has to be "given" land to build and doesn't purchase outright saving them a lot of money to open stores. Costco is one of the only affordable places to buy food in my area.

  • @gogameing5657
    @gogameing5657 ชั่วโมงที่ผ่านมา

    One difference between normal subscription models is that Costco Is once per year most of the time it's Once per month

  • @mikejanacone8328
    @mikejanacone8328 11 ชั่วโมงที่ผ่านมา +1

    Costco is a great store. I love it but I’m also a member of Sam’s and one thing I do like about Sam’s is they are better on tech they have scanning go so you don’t have to wait in line and they have delivery services so you can just order online

  • @matteng2332
    @matteng2332 7 ชั่วโมงที่ผ่านมา +1

    Look, I’ve had my Costco card officially for 3 weeks. Do not badmouth my new religion.😂😂😂

  • @m4yd1e86
    @m4yd1e86 วันที่ผ่านมา +2

    Really well done video. Very informative.

  • @joechaney7837
    @joechaney7837 วันที่ผ่านมา +2

    Solid video man, I really enjoyed that

  • @sonic_genesis
    @sonic_genesis 4 ชั่วโมงที่ผ่านมา +1

    0:29 modern society lmao 😂

  • @johnatyoutube
    @johnatyoutube 8 ชั่วโมงที่ผ่านมา

    Great video! It's very simple. Costco promotes quality while creating great value for their customers and by treating both customers and employees with respect and care. They put their products and services and people above profit. Other corporations should study this coop model. It's the only potentially sustainable one. We see almost all other companies in decline while Costco continues to thrive and be loved.

  • @braxtonmckee8881
    @braxtonmckee8881 22 ชั่วโมงที่ผ่านมา +2

    Great content!!

  • @mikerock8177
    @mikerock8177 11 ชั่วโมงที่ผ่านมา

    We need a Costco between Killeen and Temple Texas

  • @domfazool8326
    @domfazool8326 10 ชั่วโมงที่ผ่านมา

    Welcome to Costco, I love you.

  • @kennixox262
    @kennixox262 9 ชั่วโมงที่ผ่านมา

    I love Costco but avoid it from Thanksgiving until after New Years. Being selective in avoiding unhealthy ultra processed foods; Costco has a fairly good selection of high quality food but their main thrust food wise is horrible. Have not purchased clothing from them in years as most of the clothing has awful brand logos on them; weird synthetic stretchy materials and size selection for those who are well over their ideal weight. I do buy paper goods and household cleaning supplies. Occasionally a bottle of wine or champaign. For me, I buy my gasoline there most times. Clean pumps and good attendants. Living in Las Vegas however, the customer base is not affluent and most of the products reflect that. In San Diego, much higher quality items.

    • @YeshuaAgapao
      @YeshuaAgapao 7 ชั่วโมงที่ผ่านมา +1

      Costco is pretty much Walmart for clothes, but with lower prices. I want higher quality for clothes, high-end athletic, and not the 'supreme' markup / artificial scarcity junk, and get clothes mostly from specialized sources.

  • @solo2moses497
    @solo2moses497 15 ชั่วโมงที่ผ่านมา

    I been to Costco once with a Costco member lot of stuff Costco I can get for the same price or less at places I like to like Walmart and Aldi that way closer to my house than Costco

    • @YeshuaAgapao
      @YeshuaAgapao 7 ชั่วโมงที่ผ่านมา

      Costco is for groceries, hygiene, food court, and some housewares. Supplements, electronics, car parts, tools, pet food I prefer the competition.

  • @DillonJohnson216
    @DillonJohnson216 วันที่ผ่านมา +2

    Superb video bro, keep at it you will do great.
    Costco customers are like crack addicts, its my Dads crack

  • @averageguy1261
    @averageguy1261 11 ชั่วโมงที่ผ่านมา +1

    Go Costco!

  • @tedr4526
    @tedr4526 14 ชั่วโมงที่ผ่านมา

    It’s kind to f like how company’s we’re before jack Welch came along

  • @ericad8412
    @ericad8412 11 ชั่วโมงที่ผ่านมา

    Costco is a rare phenomenon and yet it should be standard practice if evil men knew how profitable being a good man could be more of them would practice good business standards

  • @LeightonPeters2
    @LeightonPeters2 9 ชั่วโมงที่ผ่านมา

    I love these videos

  • @marshalltille7770
    @marshalltille7770 11 ชั่วโมงที่ผ่านมา +1

    Obey the law is the first words of ethics?

    • @EstablishedContext
      @EstablishedContext  10 ชั่วโมงที่ผ่านมา

      It is, I would have to assume that was influenced by Sol.

  • @Arena18
    @Arena18 8 ชั่วโมงที่ผ่านมา

    Becouse of membership the shoplifters are out of the picture here

    • @YeshuaAgapao
      @YeshuaAgapao 7 ชั่วโมงที่ผ่านมา

      Membership is only a modest deterrent for shoplifting. The anti-membership-sharing is cutting down on the shoplifting though, as is the membership card barcode scan on entry for all customers. These are also keeping the welfare/EBT people from flooding out the food court, send them back to Walmart and shoplift there.
      Costco has anti-shrinkage receipt inspections for all customers.

  • @WhiskyAndDarts
    @WhiskyAndDarts 7 ชั่วโมงที่ผ่านมา

    I know London (ON) when I see it 🤣
    Are you from around here by any chance?

  • @animationmann
    @animationmann วันที่ผ่านมา +1

    Rather Controlled Greed.
    Thinkinh Long Term for the Stocks instead of pump and dump that we see in many.

  • @Leymortin
    @Leymortin 16 ชั่วโมงที่ผ่านมา

    really interesting video. very cool, kanye

  • @dixie3087
    @dixie3087 12 ชั่วโมงที่ผ่านมา +1

    Is this sponsored by Costco?😂

    • @EstablishedContext
      @EstablishedContext  10 ชั่วโมงที่ผ่านมา

      Definitely not. Just wanted to share a cool story.

  • @JLSwagger
    @JLSwagger 11 ชั่วโมงที่ผ่านมา

    Great vid

  • @Osanosa
    @Osanosa 14 ชั่วโมงที่ผ่านมา

    One day I'll go to 'murica and will buy shitton of gummies and cheap tech

    • @YeshuaAgapao
      @YeshuaAgapao 7 ชั่วโมงที่ผ่านมา

      America's production is guns, factory machinery, and junk food.

  • @KhanhNguyen-hd7ws
    @KhanhNguyen-hd7ws 15 ชั่วโมงที่ผ่านมา +1

    Greed is just a matter of time

  • @dROUDebateMeCowards
    @dROUDebateMeCowards 18 ชั่วโมงที่ผ่านมา +2

    They maintained their retail scavenger hunt strategy during COVID. Let’s keep in mind that that almost certainly killed customers and employees.

    • @marshalltille7770
      @marshalltille7770 11 ชั่วโมงที่ผ่านมา

      How? Start with the customer’s.

    • @domfazool8326
      @domfazool8326 10 ชั่วโมงที่ผ่านมา

      No it didn’t, whoever died were already on their way. Old, sick, getting sick, weakened immune system. You know anyone healthy that died besides your uncle’s friend’s great grandpa directly from Covid? I doubt it.

  • @stevehowes4394
    @stevehowes4394 8 ชั่วโมงที่ผ่านมา

    Sorry, but I have to ask this. Why do you edit-out the pauses between sentences (you know…your breaths). Do you think we have such short attention spans that we won’t keep watching if you dare to take a breath during your narration? As a listener, you don’t notice it right away, but you do notice that the longer you listen the more irritated you feel. The human brain is conditioned to hear occasional pauses when somebody is speaking. It needs that split second break to absorb what’s being said. Narrating an entire 16 minute video so it sounds like one long sentence is just obnoxious. Do you have to manually go and remove all of your breaths or is there software that does it for you?
    Honestly, I know it’s not just you. I’ve been hearing it more and more on TH-cam and I can’t be the only one that has noticed. I don’t get it. Why is this a thing?
    Anyway, aside from that I enjoyed your video. Thanks for putting it out there.

    • @YeshuaAgapao
      @YeshuaAgapao 7 ชั่วโมงที่ผ่านมา

      The chats in most twitch streams (alphas and younger zoomers) have the attention span of a toddler.

  • @aaronhpa
    @aaronhpa 15 ชั่วโมงที่ผ่านมา

    Being *as* greedy