@Bac C Walmart is ghetto af. They have shit vendors and everyone there is obese as fuck. Whole food is expensive af and just organic fluff. Costco at least has high quality vendors and products
@@jackie9190 Tiffany sued Costco because of a blurb of text on jewlery signs. It was the Tiffany setting but since the word "setting" was missing, they won because of it. It wasn't out of malice or attempted thievery, mostly just an oops that Costco paid for.
I know a guy I grew up with that works at Costco and last time I heard he loves it. When you treat your employees right they will move mountains for you, I don't understand why it's so hard for business owners to understand that.
That1 Guy location does factor into the quality, i’ve seen really nice walmarts in nice neighborhoods on par with targets. it’s just that most walmart’s are in low income areas
Because paying high wages costs a lot more money. Saving as much money as possible is the incentive of pretty much every company on Earth. Costco is special because of its business philosophy, which creates loyal customers, productive employees, and high quality products, almost exactly like Toyota. Dodge-Chrysler-Jeep is like Walmart. My grandmother only buys Toyota vehicles and shops exclusively at Costco.
@@poweraccountabilityleague6877 They're a public business so you can actually find out. For FY 2020, they had an EPS of 9 dollars, which was a 9% increase from 2019. The 12 month trailing EPS on March 31, 2021 is 10.64 dollars, which is a 27% increase year over year. So they're still doing pretty well. Costco really is a nice stable company.
I read about them probably 15 years ago. The article said everything in the store is priced 17% over their price, they pay better than other retailers, wall street is always after them to cut labor costs, they often buy a truckload of product other companies cancelled the order on, which lets them buy cheaper, the CEO can often be found working in a store, and his contract is only 3 pages- not the typical hundreds.
My family has shopped at Costco for as long as I remember. It has saved us thousands. My sister and I both purchased a membership. Our kids probably will too, if it keeps on being the same Costco we know and love
yeah really... isnt that neat... maybe a little on a flyer you get on the way in to the store... they really do lure people with the gas and propane... i'm surprised most of their profit comes from membership
Also, there is no need for more choices. Bruh, I am not an olive oil connoisseur just give me a big jug, same with shredded mozzarella and many other products.
There's a story where during a conference with some of the higherups at Costco, it was pitched that the price for the hot dog and drink combo should be increased to match inflation. It caused a fight and the founder had told the current ceo "If you change the price of the f*cking hot dog, i will kill you"
Ikea does the same thing with their food, too. Yeah, Costco and Ikea are losing money on those hot dogs, but they know they need to keep customers inside the warehouses to sell any products. Plus Costco is genius for putting their food courts at the register to make people think they should get a quick bite. I can't speak for Ikea, since the last time I went to one was maybe 17 years ago.
@@uncreative5766 Ikea also has their "Hot Dog and other fast food stuff" (not the restaurant) behind the registers. You'll usually get there after you're done with your shopping and might be waiting for larger items being delivered to the takeout area.
@@jimjolly4560 no way Ikea has this veggie dog that’s delicious with the toppings and regular one that’s alright, but the costco is bigger for the price
My head almost exploded when he mentioned 21 dollars per hour... this business does everything that seems self destructive but has the opposite effect, but succeeding with such high wages like this is just too impressive.
@@zachcushing-murray2663 Even without the profit made off of products... Costco membership fees add up to over 7 billion a year. After paying back initial startup fees such as: development fees, Kirkland Signiture costs, etc. That adds up to a lot of profit.
*_ACTUALLY, MILLENNIALS DID KILL THE BRICK 'N MORTAR BUSINESS BECAUSE MILLENNIALS ARE CHUBBY AND DEPRESSED PISS ANTS THAT ARE TRIGGERED BY ANYTHING AND EVERYTHING THAT HAS A PULSE AND/OR WIKIPEDIA ENTRY, SO THEY RATHER JUST STAY HOME AND BUY SHIT ONLINE AND REPLY TO TH-cam COMMENTS THAT REFER TO THEM AS "CHUBBY AND DEPRESSED PISS ANTS"._*
I'm constantly amazed at how fast you can check out of Costco. 2 employees at every register. Simple but brilliant, reminds me of stores years ago with checker and sacker.
When Costco opened it's first Manhattan store about 15 years ago, they had an even quicker than usual check out line. When we asked them why? They said they know New Yorkers hate wasting time. How true and why they are so successful.
@@lightlysaltedcalmingvlogsa7286 I would say fuck Amazon if they weren't the only way to get so many niche products here in Mexico at MSRP and with free international shipping in most cases with Prime.
Same here, the nearest Costco to us is about 1.5 hours, Sam's club is only 30 minutes from us. We would rather drive the extra distance and bring coolers for perishables soley because Costco is better to its employees.
@Geek37 thing to do there is relay with neighbors and friends. If you’re picking up two cases, you can pick up four. Deliver to church hall, cellphone when it’s there. We have just witnessed how shockingly unfamiliar we are with distribution. Not familiar with Costco’s delivery, least not for food. I had t-shirts to return, looked for pesky receipt. The receipt was online in my saved orders…This Receipt? So I returned with a created label, and took it to a UPS drop box. 25 minutes later, returned home, my completed return was in my email. How’d they get that little clerk in the Dropbox?
as someone who works at costco, this is very true. we get time and a half every Sunday, paid holidays (our stores close), we get so so many benefits and the people that work here almost always are great people
Find a friend or family member that has a membership and just tag along with them for a visit. Bring physical cash, you will find things you want. Costco really is next level, you'll love it.
Better than Walmart i can go into costco knowing that im not going to get shanked by some 40 year old man wearing a #24 basketball jersey and a woman’s skirt.
@@jamestill4172 why physical cash? I've gone with family and friends (before getting my own membership) and was swiping my Visa like nobody's business.
I work at Costco and love it. One thing that is touched on at the end of the video to expand on... We don't lose people. Ok we do, but Costco's employee retention rate is insane. They give you inexpensive high quality healthcare so that you will use it and stay healthy. They pay you well, and keep their hours reasonable so that you can have a life outside work. If you are constantly losing and replacing people your business suffers greatly.. Mistakes, customer service, efficiency. One trained, experienced person that feels valued will do a better job than three who do not.
That's why at Costco on the wall they have a post of legacy employees, and some of them have worked there for like 30 fucking years and like their job + have legitimate financial security
I wish many corporations would grasp this simple concept. Treat their employees with respect, pay them well and offer awesome health and dental, vacation and other benefits and in return they'll have loyal employees who will do their damnest for them. Win-win.
I think you missed the point. Costco is not putting quality before profits. Their profit model is just not comprised of pure markup. Any business that doesn't put profit first eventually collapses on itself. Profit is the sole purpose of business.
@@chad1755 the point the person was trying to make is they don't chase short-term profits or get profits at the expense of either employees or customers
@@alfredoalcantar8691 For a single individual living in a small apartment. Its perfectly fine. Myself and my 2 roommates have each spent $4200 over 4 months. $1050/month is what it costs me to live. $15/hr is around $2000 a month. (Apartment total rent is $2200). The video also said $21/hr not 15.
@@alfredoalcantar8691 I lived just fine on $12/h. There is no such thing as a living wage. It depends on your area, your lifestyle, and your other life choices. You are not owed your own single bedroom apartment. You are not entitled to it, and you arent living a bad life if you share with others. If you want to live the good life, work for it. If you only stay at a $12/h job for years, then it is your own fault. I started at 10.50 per hour and living in a dorm. 5 months later, I moved to make $11/h but with higher earnings potential with over time and shared a house with 1 other person and was still able to save money. A year after that, I moved to another state to make $12/h but with great potential for even more money due to the companies many opportunities and much better benefits with 401k and even better insurance and other yearly bonuses. After 8 months, I took a Lead position making $15.90 / h. I have shared a house with 3-4 others for the last 1.5 years and now I am transferring to another job in the company which pays a little less but has even better benefits and better raises. Within a year of starting in this new position I will be at $17/h, not including the option to become a Lead there also. Within 5 years of starting this journey, I will be at $20 per hour with great overtime options, multi-thousand dollar yearly bonuses, great 401k and cheap insurance and other benefits. All because I worked for it and made my way there instead of being entitled. I am now in the lower middle class and by the end of 2020, I will be in the solid middle class, making $50-60k per year and by the end of 2021, guaranteed making $60-80k with the option to move to a lower cost state and owning a house
@@tessellationarts2971 1:01 he says the stores that fail all suck. I think we all agree as viewers that those stores suck, but it was weird to hear him say it on the video
Idk how many times I tried their brand and it was just as good if not better only gripe is their Mac and cheese lol, hard to duplicate kraft. Good thing they normally have pallets of kraft too
True. I recently bought a humidifier from Costco online, and it was nice just having a few good options, as opposed to Amazon with hundreds of offerings that I have to read reviews on.
It's because you never have to worry about quality! The consistency of knowing that you're buying from them it's the best quality items at the lowest prices has kept me as a member for the past 15 years.
It is a whole unique business model and corporate culture. It's large scale wholesale but unlike most cash and carry businesses they cater heavily towards consumers rather than mainly towards businesses _but_ they still maintain a large clientele of businesses. They manage to mix both bulk wholesale and smaller selections as well. Unlike most retailiers they also maintain great pay and benefits towards employees which leads to fierce competition for any openings, which gives you the pick of the litter for employees, and they also try to keep the same employees which leads to loyalty. They also care about customers and earn their loyalty with things like their cafeteria selling the same foods for the same price and not cutting quality. That's a small idea that has huge impacts: i know quiet a few small business owners who were dirt poor at one point, in some cases recent immigrants, who had nothing and couldnt afford food and sometimes didn't have cooking facilities to prepare fresh cheap meals and Costco cafeterias were a cheap ready source of somewhat healthy filling food. When they went on to open B&B's, gas stations, convenience stores, restaurants and similar businesses they loved Costco and bought all their products there. Immigrants who moved back home brought back a love of Costco and that lead to a demand for stores back home. I even heard a story of a guy who loved Costco when he was studying in the US that when he moved back home and became wealthier he convinced them to open a store up and helped manage it in his home country, which was the first store there. Many entrepreneurs have also copied their businesses models of customer/employee loyalty over blind profits to great effect.
Costco is the best. I had a moldy peach and they refunded the whole box, they're cafeteria prices havent changed in the 25 years I've been going there, and even their store brand (Kirkland signature) is cheap AND great quality where all other store brands are just plain cheap. And what he said about the employees is very true, most people who start working for Coscto never leave because management wants them to be happy, they pay well, and give good benefits. I know people whove worked at their store since it first opened 20+ years ago. When they opened a new costco a few years back they had nearly _100 people_ apply for _each position._ when's the last time you've seen any retail store anywhere do even one of those things?
Read what is in there food artificial preserves addatives,color danger danger, artificial fiber, if it is in package please Don't buy ! Read read Read what to buy fresh vegetable fresh fruits fresh meat !!!Not from a package!!!! Make your own food!!!!!! Iam sorry to jump on this company! You see thay have a chance to get it right,thay try. Be well American,much love from an American.
i work at costco and its actually a dream job. makes you comfy with a good pay and good benefits, plus you can actually move around to as many depts as you like, so youre not stuck working in the same place in the warehouse forever
I'm just speculating, but that might be a way of fostering human capital. A potential manager who has worked in multiple departments could be quite useful.
@@anneonymous4884 thats correct!! they value people who are cross trained in multiple depts, and if you can show them that your capable of taking on extra work, you have a better chance of moving up!!
Costco pays better wages as a living wages for their employees. Amazon and Wal-Mart cares less of their employees. Costco is better and glad I have their member.
Oh I know! The difference in staff attitude is striking between Walmart and Costco. I would like to at least feel welcome when I'm at a grocery store, not an inconvenience. Love Costco!
@@DovidM lt ain't particle physics. As the video states, they're paid twice the industry average, with generous benefits and they're obviously more satisfied with their jobs.
I love Costo. I have the $120 yearly membership because I bought an amazing couch that cost $1800 that everywhere else was selling for $3000-3500. The guy at the checkout told me to upgrade my membership first so that the money I got back from the couch purchase would pay for the additional cost of the membership fee and then some (the upgrade wasn’t $60, it was prorated for the rest of the year). The people there actively look out for the members. Great quality, great people, great prices... how can you not like it?
Glenn Millam: That’s something they do to try and drive up more expensive memberships but it’s not out of the goodness of their heart. One year I bought a lot of big ticket items from there like a large screen TV so I ended up spending a lot and I qualified so I agreed to let them sign me up at the register. But I kept record and I did not make enough at the end of the year back to justify the double cost of the executive membership. You have to buy at least $3000 worth of stuff a year for the 2% you get back on the executive membership to pay off. I ended up going back to the Gold Star membership at $60 a year. However I do recommend using the Costco Visa which costs nothing a year and gives you 2% back on everything you buy at Costco and Costco.com. It also gives you back 4% on gasoline and 3% back on anything having to do with travel or transportation or food and dining. Now if you do spend more than $3000 a year at Costco then I recommend you use both the executive membership and the Costco visa and get 4% back on every Costco or Costco.com purchase!
SWLinPHX It sounds kinda douchey but what you get in return more than compensate for the increase in price. It’s literally a win-win situation for everyone. You’re not gonna get screwed over.
I don't even know why I'm watching this. I live in Nepal and there isn't a single company that you mentioned in the video in Nepal but it was weirdly interesting.
Exactly. America is getting close to the point of suffocating on its own greed, ignorance and widespread stupidity. That's spoken as an American who's been observing the decline. Half the posters here can barely speak or write a proper English sentence.
I'm not sure the division would work out to "alot" but I appreciate the gesture and I'm a big fan of how Costco gives down and picks only on opponents its own size.
@@cowboydoggo6168 dude, you obviously have done 0 research, they pay their taxes and not everyone being generous has to do with paying taxes and giving money to the government. Why would you want to pay the government? I see why they don't want to obviously but they do pay. Stop talking about companies finance's without doing some research.
@@blues03 some locations have better floor layouts and carry more stuff. Also, the prices aren’t always the same at all locations. For instance, orange popsicles at south SF location was $9 while it was only $7 at SanFrancisco. Also, you can return anything. I had a friend that taped the receipt under a sofa he used for 10 years and took it back to Costco - not something I’d do but some people take advantage of their return policy.
to be fair a lot of retail stores sell returns also... I've bought so many things that were lightly scuffed or not quite packed right or the bags were opened and it's obviously a returned item.
I am a poor, who shops at Costco every payday. Sometimes I spend all my grocery money there for 2 weeks, sometimes I spend a little bit. But I never have buyers remorse if I get it there.
Yeah even for low income 60 per year is really not a bad investment. You'll probably get that back by the lower grocery and gas prices. Not to mention how cheap the food court stuff is while not being shit.
if there was a costco where i live id gladly work there doing part time in a few years (im 12 1/2 rn), mainly because of the high wages and good benefits.
@@liviaclaire It's also smart to keep people's dopamine levels high when they're shopping. This is why things have colorful packaging, you'll sometimes hear music, they'll give free food samples, etc. Even I use some of these tricks when entertaining guests. No food = no friends. Same thing applies to dogs and other animals.
@@coffee4682 I never said it was deceptive. It's just conscious. Most people usually do it unconsciously. I'm just explaining it from the mechanistic perspective.
Used to go to costco a lot when I was a kid. Moved away from the area that housed the costco and now live in an area with no costcos near me. Visted my sister, who has 2 costcos near her, and went to a costco with her. I was more excited about going to costco again for the first time in years than I've ever been about going to an amusement park or some camping trips. I love that place
i have friends who when they visit my state one of the first things they want to do is hit costco. i had a friend once drive 2 hours (each way) for chicken bakes and free samples.
Walmart is the same way though, most have self check out now but still, they've always had only 2-3 registers open at once, with the lines backed up super far.
bruh, if you're going become a programmer, you should already know that. stop with the stupid ads. i already know programming is almost as hard as learning a new language, if you're up to it you can totally do it. but it's a life choice, you have to make sure you're committed. it's the perfect time to learn mandarin go ahead.
1:12 "JC Penney forgot its customers" Wow, it's hilarious how literal that is. I used to go there with my aunts all the time but my aunts stopped going because they were tired of waiting forever for a cashier, literally walking around the entire store in a desperate attempt to actually give them money. If they didn't want to scare people away with their representatives at the registers, God forbid, they should just increase security and have the entire store self checkout, with a tiny manned returns section in some corner.
Sears was the same way. You couldn't find a checkout counter and once I even tried to return a broken craftsman tool and the rep told me that the life time warranty was no longer valid. They were horribly managed and I'm glad they failed.
Perfectly said. My Mon had JCP on her shopping hit list every month(deal hunter). I recall her going off they became rude and cold and she was writing them off.
Costco has been SO good to me and my family for the past 20 or so years. It's really that good. The amount of money we've spent on their churros alone must be somewhere in the upper triple digits.
He's not wrong. Sears, Kmart, RS and JCP sucked BALLS. Looked the same as 2001 no adaption or change whatsoever and terribly managed. Toys R Us I still adore but that's on account of nostalgia.
Costco also cares about their employees, pays livable wages+ and offers comprehensive benefits including health, dental and vision. Will continue to support Costco and try at all best to avoid Amazon companies.
Their health insurance is surprisingly good. I've got a friend at costco. Works on the floor, not a manager or anything. Saved up enough in a few years (he's under 40 of age) to buy a house in California. Whew.
@@drcola143 $12.54 according to Indeed.com. Much the same at Payscale.com. Perhaps it differs from location to location, but those are _average_ figures.
I worked at Costco for 5 years and you can literally return anything if you complain enough. One guy was in line eating chicken wings he was about to return them. Another guy brought back his surf board broken in half. They both got their refunds
"Yeah so these Chicken Wings? I wanna refund them." "Why?" "Cause they're empty." "You... ate them." "Yes, they're empty, I wanna refund them." "... _Fine."_
@Dark of the knight Because I don't have 20,000 children and buying food in bulk doesn't really make much sense for me. I do however, buy cleaning products and hygiene products in bulk, but that's usually on Amazon.
eroMoD eroMoD Not a really deal breaker. The benefits are good, the pay is good. Plus it makes sense that an employer doesn’t want firearms on the premises.
What amazes me is that even in Australia, it still costs $60. What also needs to be considered is that it’s in Australia Dollars and at the current inflation rate means that it’s $45USD.
I love Costco most because of how they treat their employees. From paying them better, from actually allowing them to have breaks to insurance! I’m choosing to buy less so I can support companies that ultimately support our community, vs we pay the taxes for under-paid workers and the companies that own them.
It's the buying less that's hard for me to shop at Costco though. I don't have a family. Its just me. I can't eat a flat of plums before they go bad. I don't have room to store 20 rolls of toilet paper when i only use one a month.
@@driverjayne Hmm. My strategy is to freeze the meat, get frozen veggies, and stock up on non perishables in cans. I buy shampoo/conditioner and cosmetics months in advance. But I will admit it took me... sec... a little over 3 years to use up the binders and looseleaf paper I got once... Speaking of binders, I think I might need some now that I've actually managed to use these up.
Especially when you start to think about environmental impact, wasteful packing materials and the poor underpaid possibly stressed worker that had to get it to you.
*I'LL TAKE 2-3 DAY PRIME SHIPPING OVER SHIPPING PARCELS THAT LITERALLY TAKE 10 BUSINESS DAYS TO DELIVER (THAT'S A 2 WEEK MINIMUM WAIT) USING COSTCO'S ARCHAIC WEBSITE THAT SHIPS PRODUCTS AT THE LITERAL SPEED OF A GROUND SNAIL. THE PROBLEM IS, MOST PRODUCTS AVAILABLE FROM COSTCO ARE NO LONGER AVAILABLE IN-STORE. COSTCO'S WEBSITE CARRIES MANY TIMES MORE PRODUCTS THAN THEIR DIMINISHING WALK-IN STORES CARRY. ONLINE IS THE WAY TO SHOP, WAITING 2 WEEKS FOR POTATO CHIPS TO ARRIVE ISN'T. AMAZON JUST WORKS BETTER THAN COSTCO NOWADAYS.*
Amazon lost billions just in Australia in the last 10yrs. They wouldn’t ship anything from their US operations before Australian had its own Amazon. Even when Australia was in full boom when the $AUD was worth more then the $USD. We were squealing for well priced stuff from the US..... “sorry doesn’t ship to your address”.... Now we have Amazon in Australia, what do they do? Pathetic selection, crap prices. Get a clue. A CostCo is just about to open here in Perth. Thanks for the vid. I understand what they are about now. Cheers 👍
Hey, about 10 years ago when one of the Florida Gulf Coast fuel pipelines went down, Costco was one of few places one could still purchase gas and they did not price gauge. We did not notice any interruption in fuel availability thru Costco when other big operators sold out. Also, during one of Microsoft's Win 10 updates, the one that introduced pins for sign-ins, we were completely locked out of our office computers. Thankfully, the computers were purchased from Costco and the Costco Concierge service was able to get us back in and working. Also, I am glad that Costco's warehouses are airconditioned, unlike Amazon's. Every time I ordered from Amazon, or listened to music on the site, I wondered how many people I hurt along the entire supply chain. I don't feel that way when ordering online from Costco or when I visit the friendly, clean warehouse. That Costco fee, to me and our businesses, is insurance, which directly supports the powerful Costco purchasing network and for the great Costco employees. Amazon's fee, IMO, is used to enslave its employees, and apparently some of its suppliers, under horrific working conditions. I can't support the Amazon model. No f'ing way. If you can't get if from Costco, do you REALLY need it?
@@brendastraley8829 you technically do? Technically you need to be a member to enter? They've often check my card when I want to enter. I guess you can have a number of excuse to get thru anyways, but still.
@@randomnobody660 Anyone can eat or take out food from the snack bar area. 100% fact. Plus anyone can have their prescriptions filled at Costco without being a member, just tell the door counters that your going to the pharmacy. Anyone can get glasses in the opic area without being a member. Buying any other items you have to have a Membership Card. It's not excuses to get in, but that's their policy since those 3 places are open to the public.. They will stop you to see your card, but you say where you're going and they let you in. This is way you have to show your Membership Card at the check out so they know your allowed to buy their regular items like toilet paper, rotisserie chicken etc. To get gasoline from Costco you have to have a membership card.
Costco's founder also threatened the current CEO when the CEO proposed raising the price of the hot dog combo meal with "If you raise the [price of the] effing hot dog, I will kill you. Figure it out," I love that attitude about Costco and they've always been customer first, I will gladly pay that membership fee to support that mentality :D
At 20 years of employment you get 6 weeks vacation, 72 hours personal time, $8k a year divided in 2 bonuses, time and a half on sundays, and on top of employer match they flat out give you 8% of your pay into your 401k. Feels good to love going to work and making close to $80k a year with only a high school diploma. Costco is really a great employer.
That's talking about average across all employees, the starting wage is $15 which is still really good but don't get confused with it being $21 an hour lol
I would love for it to mean that paying employees is the easy choice for companies to get more productivity out of their workers than the added costs, but if that were actually true than it would be an obvious thing for everybody to do. I think a big part of why Costco is able to pay more and get more productivity out of their employees is influenced by other aspects of their business model, such as the fact that people literally pay money to the company before even buying a single thing, that they sell in bulk in warehouses, or that they have a relatively small selection of products. Things like these dramatically reduce the amount of work that employees at other stores such as Target need to do to just keep a store running: stocking shelves, adjusting prices, ringing up a customer only there to buy a pack of gum and a bottle of conditioner. These things all take up employee time that at Costco would be much more efficiently spent. In comparison, workers at Costco "stock shelves" by loading massive palates onto the floor, manage the prices for 1/10th the number of items (or fewer), and rarely ring up customers spending less than $50 or even $100.
I will also say, having worked on the food and edibles manufacturing side Costco is also supremely fair with their suppliers. They set high standards upfront and don’t try to gouge you on prices or try to take over until they are your sole customer so that they can then put the screws to you later.
This is the most effective, free advertising Costco has got in years. Brilliant must feel a bit foolish for paying to have their ad appear in this Costco ad....
@@ruvin7023 they treat everyone amazing, I'm in Canada so we don't have the health insurance but they have 50% benefits, put 2% into our pensions automatically and will match for another 3% after your first year (this goes up with time), 2 weeks vacation after your first year and goes up every few years (I'm at 3 weeks currently), 8 paid sick days or personal days, you get $4 extra pay per hour on sundays, after 12,000 hours worked you get two $3000 bonuses per year. For regular employees who are not management the pay for top rate is $25.25 an hour, this is based on how long you've worked there for and I will get it in March which will have taken me 5.5 years as a part time employee, this goes up by a dollar or so if you are in a high skilled department and there are 50 cent raises each year for costing of living, for maternity leave they top up the employees salary to 100% for an entire year I believe instead of the regular 70%, I could go on but you get the point, overall it is an amazing company and if you work hard enough and get promoted you can definitely be making 100k a year after a decade or so. May not sound like a lot but the majority of the people working here have little to no education.
@@brunellecooper How easy is it to switch departments? I just got called for an interview in 5 days for a seasonal positions and I'm looking to work hard at it and become hired again afterwards. But I heard the food court is hell and I'm scared they will place me there. I have 4 years of front end experience like cashiering/ carts/ bagging, etc which I'll definitely mention during my interview. I'm hoping they stick me on carts or front end. If I did get a call back to work there after my seasonal is done and I was in a department I don't like, would it be easy to switch over after a while? Thank you!
@@Irraptured it depends on how long the store has been around for because that would mean there are people with higher seniority. Transfers are almost always based off of seniority not how hard someone works but as a seasonal there have been cases where they do take them on afterwards. I would apply to every position there is and make sure to tell them you want to stay after your contract is done. If you do get in part time but not to a department you like it may take some time to get out (maybe a year or so) but it's worth it. I've never worked in the food court and most people don't like it but the time goes by much faster these because you are so busy. Overall I'd say just work hard, tell them you want to stay and apply to everything. If they don't bring you back after your season is done keep applying to the warehouse, you'll have a better chance at getting a permanent position when they are hiring because you've worked there before, I have seen that happen as well
i grew up near the first Costco and from what ive heard they're wonderful employers. they pay roughly 20-50% above most comparable retail positions and give better benefits. I know alot of people who got a job when the local store first opens and never leave whereas most retailers lose most employees within 5 years of hiring them.
One of the things I really like about costco is that it sorcess its meat ethically. I was looking for ethical farm raised salmon, and along with all these names at all these specialty stores, there was costco. It was a pleasant surprise, because I'm not in a position to be competitive with my money and only shop at organic food stores and stuff. So knowing I have that option really puts my mind at rest. Also from my brief internet search they only use recyclable plastic and source their paper products from renewable sources. Overall I love what they do.
Costco pays them decently because they're more productive on average than Walmart employees. It has nothing to do with them being nice guys and everything to do with intelligent, self-interested businessmen.
This made me wish we had Costco in Sweden. As mentioned, if their incentive is to make me renew my membership, then I will have good service, cheap prices, and not get fleeced into making purchases I regret.
Every other company: LOOK AT ALL OUR FLASHY DECORATIONS AND SIMPLE LAYOUT AND EXPENSIVE GOODS wait where are you going Costco: You're gonna find what your looking for somewhere in here, just lemme check if you got a membership
Except you still don't.... he says "highest quality products", yet they stopped carrying the Kirkland fruit snacks which use real sugar and no artificial colors (and are LIKE CRACK), and continue to carry the fake tasting Mott's ones. It took them forever to start carrying Bodyarmor sports drinks, which beat the shit out of Gatorade which is just loaded with sugar, and even then only carry 3 flavors. A lot of people like to try different products until they find something they like and want to buy it in bulk, which is the fundamental flaw of Costco's business model.
More like "you're going to find what you're looking for here but here's 100 pack AA batteries and a tub cookies, heck here's a set of tires while you're at it" Moral of the story, you didn't become a costco member just to get eggs.
@@nahor88 might just be yours cause I'm pretty sure the costco near me carries more than just the 3 regular flavors, but it really sucks that they stopped carrying the fruit snacks
When we first moved into a city with Costco's, mom told us that she's wont join Costco membership, sounds expensive. She was just gonna tag along and shop with her friend. A month later she bought a membership herself. Just being able to abide people with membership is such a win win deal. We get to shop in Costco without buying membership, for Costco it's a gateway drug. Really incentivizes first timers. Its products might not be the best, nor got the most variety, it's perfect for middle class families like us. We do most our grocery shopping there. Their gas station too, if we know we're going to Costco soon, we'd wait till then to fill up at Costco's gas station. And for us Asians, it's a great place to discover American products
It's interesting on how well compensated the average Costco employee is, compared to the average retail job, considering they don't usually need to have any product knowledge or to be tasked with going around actively asking customers if they need help.
I have both Costco and BJ’s wholesale club membership. I don’t mind spending $15 - $20 on simple hand-soap if it lasts me 6-10months. Real talk, it saved me a whole much of money and time in the long run with a bigger upfront cost.
@@Sypherz Wear and tare on your car ? WHAT ! ! You mean to tell me you're traveling 100 miles, one way, to get to the closest Costco ? Tell me it ain't so !😂😂😂😂😂😂😂😂😂
@@dancahill9122 Don't be naive. Every time you drive your car you are causing wear and tear - why do you think they measure maintenance schedules in mileage?
@@protoman1365 It isn't nonsense, it;s reality. Going to one store, versus chasing deals all over the city saves money in gas, time, and wear and tear on your car. It's really not that hard to understand.
Never ever go on a weekend that’s the biggest tip. Also go before 12 PM in the afternoon. Their parking is a piece of cake compared to a Walmart supercenter/sams club
Tip #1 - Go when everyone else is at work. Tip #2 - Go very early on weekends if you must and can. I avoid large crowds and find great parking that way. 😉
The Target store that I go to is built like a maze. It has multiple floors (3) and the escalators can be difficult to find the first time you shop there as they are concealed behind giant walls/partitions. The first time I went in this store and tried to exit, I literally walked around the entire floor, not once, but twice, as I passed by the escalator once without even seeing it, as it is obscured by a partition, the only escalator which leads back to the street level outside. Sure, there is another exit, but that exit leads to an upper floor parking lot--not good for pedestrians who walked into the store instead of driving there. I wonder if this layout has more to do with designing the floor plan to "encourage" customers to spend more time in the store than they might have originally planned or for theft deterrence purposes, or for both.
Customers are members. All of them know where’s the product they want. They BBC don’t change the layout or move their product that often. I enjoy Costco shopping.
@@kokoleka808 I don't tend to walk around so much if I want to get out of a store. Were there employees on the floor? As soon as I spot an employee or even a customer I ask them where's the exit.
Pretty much. They used to have some good deals on stuff back in the day, but anymore, I just go to them when it's difficult to find something in brick-and-mortar stores.
Amazon is a great model for people living in big cities that don't want to deal with traffic, finding parking, crowds to find the store doesn't have what you want.
I was looking for this comment. They should have done a 5-year graph which, based on when this video was published, would look quite appealing to investors.
I was initially very skeptical of paying a membership fee to shop. But after watching their prices for a year or so it was easy to see that I would save much more than $60 a year. I became a member & have never looked back. I became an Executive Member about 7 years ago when Customer Service advised me that we were spending more than $3,000 a year and we would recover our full membership fee if we upgraded to Executive. I have never paid a penny for membership fees since and have enjoyed the lowest possible prices on all of the items we buy there. Many common products from toothpaste to cereals to tablets typically have 5 to 20 choices in traditional or online stores. Costco typically has 1 or 2 choices. Yet, over the years, after much research I find that the Costco buyers make excellent decisions as to which product they determine will be sold at Costco. Almost always they choose items that are positively reviewed, closer to the middle or top of the product line and always represent good value. Might not be your favorite brand or have exactly the features you prefer but it will consistently be a quality product at the lowest possible price.
How Costco succeeds: 1. Membership program is its business model, which attracts and retains customers because prices are ridiculously low 2. Few selections eliminates paradox of choice and gives Costco immense negotiation power, therefore allowing it to keep prices low 3. Though there are few selections, they come in bulk (which attracts business owners) and are of high quality 4. Confusing store layout gets you to buy more
@@incognitotorpedo42 I live in the Midwest of the United States and they always move all their shit around in there every few days so we have to go look for it. I think like they just move it around in the same section but I could be wrong. Their practice probably differs from store to store
Even though I’m a broke college student, I will never cancel my Costco membership. The gas prices alone make up for the cost of the membership fee, and that’s without the low prices for the everyday basics. My classmates think I’m a fool for paying 60 bucks a year for the membership but continue to spend on Netflix, Hulu, Spotify, Amazon, and food delivery services. Then they come crawling to me to borrow my card to get gas or buy some stuff, I kindly reject them and laugh at them.
Disagree that getting around Costco is confusing, the layout seems to be the same for all stores, the only thing bad about navigating is the volume of people that clog aisles.
You get familiar with the layout over time (kind of part of their business model of making people feel rewarded for "membership loyalty"), but it's notable that Costco doesn't mark aisles with any signs saying what's in them. It wouldn't be a difficult thing to do, and it's such common practice that there's no way Costco hasn't considered it before. Costco is great, and once you visit enough times you get to know where everything is. But they definitely *could* do things to make it easier for a new customer to find their way through the store that they clearly are choosing not to do even though it would cost them next to nothing.
Its easier to get around my local Costco than the local Sam’s Club. Only because the evening shift at my Sam’s Club loves to reorganize things. Come in one day, you know exactly where the coffee and teas are. Next week, its four istles over. Its kinda like a game they play. And crazy part is that specific Sam’s is the busienst in my state.
can be. I have 3 Costco stores with 35 Miles of my home. The larger city stores are busy and annoying. Im closer to the smaller one, within the smaller city. It is sooooo much better. I now have my friends and family coming to mine, and get in a quick visit at the same time.
That's the case with Toys R Us as well. The purchasers over leveraged to gain control, transferred debt to it as a subsidiary, robbed it of its asset (property) and then abandoned its stripped, debt ridden carcass. Leaving thousands without jobs for the benefit of a few shareholders.
I don't know about anyone else, but I've never been in a Costco that was set up like a maze. The racks on the left, right, and center all line up in neat rows, food on one side, non-food on the other, and clothing and seasonal stuff in the middle.
@Earthly Fireflies The receipt thing is in the contract and most people don't care. Also an opt in obedience training institution sounds pretty stupid.
Even my 2 year old gets excited to go to Costco. Also them actually using a lot of cashier workers is golden. I never mind waiting because it never feels long. They are fast and efficient
this is so true, I can't say how many times I've walked into costco thinking I'm just going to buy their milk to beat the system and walk out with $150 worth of shopping
everytime my family goes shopping (im in a family of 7 and im the youngest brother) its costs upwards of $250 every time we go to walmart. wegmans is nice tho. btw we dont have a costco where we live D':
I'm a single girl who lives alone with her cat and I still usually end up spending $150-$200 whenever I go to Costco 🙈 It's worth it though! I was already well prepared for the toilet paper and hand sanitizer crisis of 2020 😄👌🏽
That begins part about costo having a loyal customer. That’s me, I check Costco first before checking others. Not because I feel like I owe it to my membership, but because I value everything they stand for. The return policy is probably one of the best part about them. We’ve been members of Costco since 97 and will never switch.
There's nothing like the experience of walking past a 10 pack of go-karts with a giant slice of pizza in one hand and the other pushing a cart almost as wide as your car down the aisles of a warehouse the size of the neighborhood you grew up in as a child.
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Shh... don't tell Jeff.
Jeff? You meant Joe?
@@Ali-vh9bz no CEO Of Amazon
PolyMatter mah name is Jeff
The reasons Polymatter made this video:-
1. @
2. @
The reasons Polymatter made this video:-
1. 04:45
2. 07:11
This has to be the best Costco commercial in existence. They should pay you
@Bac C Walmart is ghetto af. They have shit vendors and everyone there is obese as fuck. Whole food is expensive af and just organic fluff. Costco at least has high quality vendors and products
You ain't lying. I'm buying a membership tomorrow.
@@jackie9190 Tiffany sued Costco because of a blurb of text on jewlery signs. It was the Tiffany setting but since the word "setting" was missing, they won because of it. It wasn't out of malice or attempted thievery, mostly just an oops that Costco paid for.
Costco is a chinese government storefront
gittyupalice96 L
"If Costco is unsatisfied with a product, it just creates its own."
Damn okay.
Arm Knee “Fine, I’ll do it myself”
and thus Kirkland was born
Kirkland isn’t half bad though. I like their water to be honest and it’s a lot too
Kirkland is amazing!
It's affordable and great
@@ruvin7023 i never said it was bad
I know a guy I grew up with that works at Costco and last time I heard he loves it. When you treat your employees right they will move mountains for you, I don't understand why it's so hard for business owners to understand that.
@Rob M For one day. Black Friday the rest of the year they are dust magnets.
That1 Guy location does factor into the quality, i’ve seen really nice walmarts in nice neighborhoods on par with targets. it’s just that most walmart’s are in low income areas
It is a very difficult concept for business owners to get their heads around!
Because paying high wages costs a lot more money. Saving as much money as possible is the incentive of pretty much every company on Earth. Costco is special because of its business philosophy, which creates loyal customers, productive employees, and high quality products, almost exactly like Toyota. Dodge-Chrysler-Jeep is like Walmart. My grandmother only buys Toyota vehicles and shops exclusively at Costco.
I know someone that works for Costco and she loves it. They have great prices and excellent customer service.
Basically Costco is playing the long term game at the expense of short term profits. And it shows year after year.
I wonder how their business model is doing now that the plandemic has convinced stupid people (aka people) that leaving the house is what fools do.
@@poweraccountabilityleague6877
They're a public business so you can actually find out.
For FY 2020, they had an EPS of 9 dollars, which was a 9% increase from 2019.
The 12 month trailing EPS on March 31, 2021 is 10.64 dollars, which is a 27% increase year over year.
So they're still doing pretty well.
Costco really is a nice stable company.
I read about them probably 15 years ago. The article said everything in the store is priced 17% over their price, they pay better than other retailers, wall street is always after them to cut labor costs, they often buy a truckload of product other companies cancelled the order on, which lets them buy cheaper, the CEO can often be found working in a store, and his contract is only 3 pages- not the typical hundreds.
My family has shopped at Costco for as long as I remember. It has saved us thousands. My sister and I both purchased a membership. Our kids probably will too, if it keeps on being the same Costco we know and love
@@poweraccountabilityleague6877 oh my god what? Please tel me you wear a mask and at LEAST know COVID is real.
Also impressive is the fact that Costco don't spend a dime in marketing
Fully Boricua they spend two cents on marketing.
Fully Boricua no need for marketing when you KNOW you’re the best
yeah really... isnt that neat... maybe a little on a flyer you get on the way in to the store... they really do lure people with the gas and propane... i'm surprised most of their profit comes from membership
No need for paying for it when youtubers will make videos for free :D
They actually do spend money in marketing as I get in the mail a lot of it
Costco almost eliminates choice paralysis - the paradox of choice. Fewer choices = less anxiety = happy customers
Aldi is the same way. Very little choice, yet the stores are always jam packed.
I love that about Costco and Aldi!
Also, there is no need for more choices. Bruh, I am not an olive oil connoisseur just give me a big jug, same with shredded mozzarella and many other products.
When all of the choices are quality brands for good prices that isnt an issue!
Truly a paradise. 1000000 options of flakes at store is just killing me -_-
There's a story where during a conference with some of the higherups at Costco, it was pitched that the price for the hot dog and drink combo should be increased to match inflation. It caused a fight and the founder had told the current ceo "If you change the price of the f*cking hot dog, i will kill you"
It gets people in the store.
Ikea does the same thing with their food, too. Yeah, Costco and Ikea are losing money on those hot dogs, but they know they need to keep customers inside the warehouses to sell any products. Plus Costco is genius for putting their food courts at the register to make people think they should get a quick bite. I can't speak for Ikea, since the last time I went to one was maybe 17 years ago.
@@uncreative5766 Ikea also has their "Hot Dog and other fast food stuff" (not the restaurant) behind the registers. You'll usually get there after you're done with your shopping and might be waiting for larger items being delivered to the takeout area.
@@uncreative5766 I was in Ikea the other day. No lunch, so I tried their hot dog- a mistake. Not a patch on Costco's!
@@jimjolly4560 no way Ikea has this veggie dog that’s delicious with the toppings and regular one that’s alright, but the costco is bigger for the price
My head almost exploded when he mentioned 21 dollars per hour... this business does everything that seems self destructive but has the opposite effect, but succeeding with such high wages like this is just too impressive.
Don't forget that was 2 years ago. The average had to have gone up so I wonder by how much.
@@mutantmagnet If it follows inflation, 21 dollars in 2019 is 22.90 dollars today.
Keep in mind that it's an average. The CEO makes more and the entrl level store employees make less.
@@creativecravingwow! Welcome to every single business, from local electrician companies, to massive international enterprises.
I studied Costco in my business management class in college. They really know what they are doing, even 5 years after the fact. Good job Costco.
5 years after what fact?
Burger WithEverything studying them in business management class
Are there any books you would recommend about this?
High volume, low profit margin is a hell of a way to earn customer loyalty while still being profitable.
@@zachcushing-murray2663 Even without the profit made off of products... Costco membership fees add up to over 7 billion a year. After paying back initial startup fees such as: development fees, Kirkland Signiture costs, etc. That adds up to a lot of profit.
1.50$ for hot dogs and knowing they take care of their employees.. take my money
Literally pocket change,plus,the hotdogs are good af
Yea the hot dogs are like top tier for me
You forgot the $1.5 hot dog also comes with a soda
They’re actually LOOSING money on the hot dogs
I wish they still had the polish sausage
“Millennials didn’t kill your business, you failed to move out of the 18th century.”
The tea is sweet today.
is that an avatar reference?
That wasn't the actual quote
PIPING HOT
*_ACTUALLY, MILLENNIALS DID KILL THE BRICK 'N MORTAR BUSINESS BECAUSE MILLENNIALS ARE CHUBBY AND DEPRESSED PISS ANTS THAT ARE TRIGGERED BY ANYTHING AND EVERYTHING THAT HAS A PULSE AND/OR WIKIPEDIA ENTRY, SO THEY RATHER JUST STAY HOME AND BUY SHIT ONLINE AND REPLY TO TH-cam COMMENTS THAT REFER TO THEM AS "CHUBBY AND DEPRESSED PISS ANTS"._*
@@PomazeBog1389 Please seek help.
I'm constantly amazed at how fast you can check out of Costco. 2 employees at every register. Simple but brilliant, reminds me of stores years ago with checker and sacker.
HyVee is the same way.
Walmart, you're lucky to have two cashiers in the store, and then people line up to work for free and without worker's comp.
My Costco has at least 10 self checkouts. Love it. Helps cut down on the waiting in line. Fewer workers are required too.
When Costco opened it's first Manhattan store about 15 years ago, they had an even quicker than usual check out line.
When we asked them why? They said they know New Yorkers hate wasting time.
How true and why they are so successful.
You can pull up to the checkout, look at the line and think you’re a prisoner to Satan before you’re swiping your card 5 minutes later
Proper staffing works wonders
I’ve worked at both Amazon and Cosco. At Cosco they treated me like family, at Amazon they treated me like an animal.
Fuck Amazon
@@lightlysaltedcalmingvlogsa7286 I would say fuck Amazon if they weren't the only way to get so many niche products here in Mexico at MSRP and with free international shipping in most cases with Prime.
Great comment 👍🏻
That’s cuz of jeff
Then stop wearing masks
I support Costco mainly for how they treat, pay and invest in their employees unlike Amazon or Walmart.
Same here, the nearest Costco to us is about 1.5 hours, Sam's club is only 30 minutes from us.
We would rather drive the extra distance and bring coolers for perishables soley because Costco is better to its employees.
Walfart warehouses (here in urban areas) have a 94% yearly turnover in employees. I lasted two years, and regret every minute of it.
my aunt makes 6 figures for being a massage therapist w them for 12 years.
@Geek37 thing to do there is relay with neighbors and friends. If you’re picking up two cases, you can pick up four.
Deliver to church hall, cellphone when it’s there.
We have just witnessed how shockingly unfamiliar we are with distribution.
Not familiar with Costco’s delivery, least not for food. I had t-shirts to return, looked for pesky receipt. The receipt was online in my saved orders…This Receipt? So I returned with a created label, and took it to a UPS drop box. 25 minutes later, returned home, my completed return was in my email. How’d they get that little clerk in the Dropbox?
as someone who works at costco, this is very true. we get time and a half every Sunday, paid holidays (our stores close), we get so so many benefits and the people that work here almost always are great people
No lie I just considered getting a Costco membership just from watching that video.
It's worth it.
Find a friend or family member that has a membership and just tag along with them for a visit. Bring physical cash, you will find things you want. Costco really is next level, you'll love it.
Better than Walmart i can go into costco knowing that im not going to get shanked by some 40 year old man wearing a #24 basketball jersey and a woman’s skirt.
50$ a year is worth it. I literally buy toilet paper twice a year now 😭
@@jamestill4172 why physical cash? I've gone with family and friends (before getting my own membership) and was swiping my Visa like nobody's business.
I work at Costco and love it. One thing that is touched on at the end of the video to expand on... We don't lose people. Ok we do, but Costco's employee retention rate is insane. They give you inexpensive high quality healthcare so that you will use it and stay healthy. They pay you well, and keep their hours reasonable so that you can have a life outside work. If you are constantly losing and replacing people your business suffers greatly.. Mistakes, customer service, efficiency. One trained, experienced person that feels valued will do a better job than three who do not.
That's why at Costco on the wall they have a post of legacy employees, and some of them have worked there for like 30 fucking years and like their job + have legitimate financial security
In Costco México you can see tons of employees with 25+ years on the company.
I wish many corporations would grasp this simple concept. Treat their employees with respect, pay them well and offer awesome health and dental, vacation and other benefits and in return they'll have loyal employees who will do their damnest for them.
Win-win.
costcos is proof that designing a business putting quality before profits can be quite profitable and sustainable...
I think you missed the point. Costco is not putting quality before profits. Their profit model is just not comprised of pure markup. Any business that doesn't put profit first eventually collapses on itself. Profit is the sole purpose of business.
@@chad1755 w.e. dude, I'm going to get some free samples.
@@chad1755 to be fair the costco model is the less shitty way to do that than say the Walmart model
@@chad1755 the point the person was trying to make is they don't chase short-term profits or get profits at the expense of either employees or customers
@@chad1755 true, but you could also argue that by making a profit they are able to invest it back into the betterment of the company at whole.
Costco actually pays their employees living wages.
Also, my contact lens purchase was cheap enough that the membership price didn't even matter.
PriusRaj 15 dollars in hr is not a living wage
@@alfredoalcantar8691 For a single individual living in a small apartment. Its perfectly fine. Myself and my 2 roommates have each spent $4200 over 4 months. $1050/month is what it costs me to live. $15/hr is around $2000 a month. (Apartment total rent is $2200). The video also said $21/hr not 15.
@@alfredoalcantar8691 Did you not watch the video, it was much more than 15 dollars an our.
@@alfredoalcantar8691 I lived just fine on $12/h. There is no such thing as a living wage. It depends on your area, your lifestyle, and your other life choices.
You are not owed your own single bedroom apartment. You are not entitled to it, and you arent living a bad life if you share with others.
If you want to live the good life, work for it. If you only stay at a $12/h job for years, then it is your own fault.
I started at 10.50 per hour and living in a dorm. 5 months later, I moved to make $11/h but with higher earnings potential with over time and shared a house with 1 other person and was still able to save money.
A year after that, I moved to another state to make $12/h but with great potential for even more money due to the companies many opportunities and much better benefits with 401k and even better insurance and other yearly bonuses. After 8 months, I took a Lead position making $15.90 / h.
I have shared a house with 3-4 others for the last 1.5 years and now I am transferring to another job in the company which pays a little less but has even better benefits and better raises. Within a year of starting in this new position I will be at $17/h, not including the option to become a Lead there also. Within 5 years of starting this journey, I will be at $20 per hour with great overtime options, multi-thousand dollar yearly bonuses, great 401k and cheap insurance and other benefits.
All because I worked for it and made my way there instead of being entitled.
I am now in the lower middle class and by the end of 2020, I will be in the solid middle class, making $50-60k per year and by the end of 2021, guaranteed making $60-80k with the option to move to a lower cost state and owning a house
And the CEO takes a pay cut.
Him: "all these stores have something in common"
Me: "they suck"
Him: "they suck"
Me: "well that was rude"
You just blow up my mind
I don't get it... Explain?
stfu dead meme
@@tessellationarts2971 1:01 he says the stores that fail all suck. I think we all agree as viewers that those stores suck, but it was weird to hear him say it on the video
Buying things at Costco is like someone already filtered out garbage. You can trust that you're going to have good experience with the new product
Idk how many times I tried their brand and it was just as good if not better only gripe is their Mac and cheese lol, hard to duplicate kraft. Good thing they normally have pallets of kraft too
True. I recently bought a humidifier from Costco online, and it was nice just having a few good options, as opposed to Amazon with hundreds of offerings that I have to read reviews on.
Not always. The Kirkland granola bars are disgusting
@@bookshelf5759 nawww mam
@@therealnynetynyne360Kraft mac is nasty af
Costco is almost a culture in itself
It's because you never have to worry about quality! The consistency of knowing that you're buying from them it's the best quality items at the lowest prices has kept me as a member for the past 15 years.
Welcome to Costco, I love you.
Ahh yes! The Chicken Bake has spread our influence further!
It is a whole unique business model and corporate culture. It's large scale wholesale but unlike most cash and carry businesses they cater heavily towards consumers rather than mainly towards businesses _but_ they still maintain a large clientele of businesses. They manage to mix both bulk wholesale and smaller selections as well. Unlike most retailiers they also maintain great pay and benefits towards employees which leads to fierce competition for any openings, which gives you the pick of the litter for employees, and they also try to keep the same employees which leads to loyalty. They also care about customers and earn their loyalty with things like their cafeteria selling the same foods for the same price and not cutting quality.
That's a small idea that has huge impacts: i know quiet a few small business owners who were dirt poor at one point, in some cases recent immigrants, who had nothing and couldnt afford food and sometimes didn't have cooking facilities to prepare fresh cheap meals and Costco cafeterias were a cheap ready source of somewhat healthy filling food. When they went on to open B&B's, gas stations, convenience stores, restaurants and similar businesses they loved Costco and bought all their products there. Immigrants who moved back home brought back a love of Costco and that lead to a demand for stores back home. I even heard a story of a guy who loved Costco when he was studying in the US that when he moved back home and became wealthier he convinced them to open a store up and helped manage it in his home country, which was the first store there.
Many entrepreneurs have also copied their businesses models of customer/employee loyalty over blind profits to great effect.
I love that i live 15 mins away from it. It's not the best for fresh produce but buying everything else in bulk is great.
Costco is the best. I had a moldy peach and they refunded the whole box, they're cafeteria prices havent changed in the 25 years I've been going there, and even their store brand (Kirkland signature) is cheap AND great quality where all other store brands are just plain cheap.
And what he said about the employees is very true, most people who start working for Coscto never leave because management wants them to be happy, they pay well, and give good benefits. I know people whove worked at their store since it first opened 20+ years ago. When they opened a new costco a few years back they had nearly _100 people_ apply for _each position._ when's the last time you've seen any retail store anywhere do even one of those things?
True. I love how boring the store looks but everyone knows that behind that boring face you see a bunch of cool shit
Lol, my dad returned a churro to the item return place because it was stale🤣
Read what is in there food artificial preserves addatives,color danger danger, artificial fiber, if it is in package please Don't buy ! Read read Read what to buy fresh vegetable fresh fruits fresh meat !!!Not from a package!!!! Make your own food!!!!!! Iam sorry to jump on this company! You see thay have a chance to get it right,thay try. Be well American,much love from an American.
Their
A broke college students dream would be working at Costco
*I usually starve myself the night before just to hit up those samples*
That's how you get that membership money back!
😂😂😂😂 true dat
Why splurge the $1.50 for sausage and a drink when all those free samples are enough to fill you up.
Bro stop spamming shit everywhere
You are petty hilarious
i work at costco and its actually a dream job. makes you comfy with a good pay and good benefits, plus you can actually move around to as many depts as you like, so youre not stuck working in the same place in the warehouse forever
I'm just speculating, but that might be a way of fostering human capital. A potential manager who has worked in multiple departments could be quite useful.
@@anneonymous4884 thats correct!! they value people who are cross trained in multiple depts, and if you can show them that your capable of taking on extra work, you have a better chance of moving up!!
I love Costco. I'd gladly pay a little more there knowing their employees are taken care of.
Dave Franco Me too. I love Costco.
Costco pays better wages as a living wages for their employees. Amazon and Wal-Mart cares less of their employees. Costco is better and glad I have their member.
Oh I know! The difference in staff attitude is striking between Walmart and Costco. I would like to at least feel welcome when I'm at a grocery store, not an inconvenience. Love Costco!
How do you know how well Costco employees are being take care of?
@@DovidM lt ain't particle physics. As the video states, they're paid twice the industry average, with generous benefits and they're obviously more satisfied with their jobs.
Costco: wholesome wholesale
🏆
@@ChipChapChop Edit: (because there isn't already a sign in the comment that states the comment is edited) Thank you for the gold kind stranger.
Silly as it sounds, the fact that their water vending machine sells bottles for 25 cents is something I greatly appreciate
THEY DO???
Costco: One for All
Amazon: All for One
My Hero Academia approves
Underrated
Need more comments like this.
OK, so if Jeff Bezos is Richelieu, who's d'Artagnan?
That's so accurate lol.
I love Costo. I have the $120 yearly membership because I bought an amazing couch that cost $1800 that everywhere else was selling for $3000-3500. The guy at the checkout told me to upgrade my membership first so that the money I got back from the couch purchase would pay for the additional cost of the membership fee and then some (the upgrade wasn’t $60, it was prorated for the rest of the year). The people there actively look out for the members. Great quality, great people, great prices... how can you not like it?
Glenn Millam: That’s something they do to try and drive up more expensive memberships but it’s not out of the goodness of their heart. One year I bought a lot of big ticket items from there like a large screen TV so I ended up spending a lot and I qualified so I agreed to let them sign me up at the register. But I kept record and I did not make enough at the end of the year back to justify the double cost of the executive membership. You have to buy at least $3000 worth of stuff a year for the 2% you get back on the executive membership to pay off. I ended up going back to the Gold Star membership at $60 a year.
However I do recommend using the Costco Visa which costs nothing a year and gives you 2% back on everything you buy at Costco and Costco.com. It also gives you back 4% on gasoline and 3% back on anything having to do with travel or transportation or food and dining.
Now if you do spend more than $3000 a year at Costco then I recommend you use both the executive membership and the Costco visa and get 4% back on every Costco or Costco.com purchase!
@@SWLinPHX the Costco Visa is honestly an awesome thing to take.
@@ultimatestoryteller Agreed
SWLinPHX is that 4% gas only at Costco or all gas stations?
SWLinPHX
It sounds kinda douchey but what you get in return more than compensate for the increase in price.
It’s literally a win-win situation for everyone.
You’re not gonna get screwed over.
I don't even know why I'm watching this. I live in Nepal and there isn't a single company that you mentioned in the video in Nepal but it was weirdly interesting.
Hi! Lol I don't even have a membership...I kinda want to now. Ha
In Indonesia although no Costco, Makro & then Lotte Mart use the same membership business model.
Move to america, the best country KKonaW Clap
Exactly. America is getting close to the point of suffocating on its own greed, ignorance and widespread stupidity. That's spoken as an American who's been observing the decline. Half the posters here can barely speak or write a proper English sentence.
Shahil Rai - well, u have internet!
You also forgot to mention how the owner cut his own salary to pay his employees alot more.
Really...wow!!!
This is what society should be sometimes
I'm not sure the division would work out to "alot" but I appreciate the gesture and I'm a big fan of how Costco gives down and picks only on opponents its own size.
It’s probably for tax evasion
@@cowboydoggo6168 dude, you obviously have done 0 research, they pay their taxes and not everyone being generous has to do with paying taxes and giving money to the government. Why would you want to pay the government? I see why they don't want to obviously but they do pay. Stop talking about companies finance's without doing some research.
I'm almost 30 now and I still get excited going to Costco like I did when I was a kid. This time though, I'm buying instead of my parents.
i'm 18 and its adrenaline rush, teach 'em while they're young
I'm 27 and feel the same.
It's weird feeling like a kid still at Costco. But Ah well it's enjoyable.
I've never been inside a Costco. But I've always wanted to...
Surprisingly wholesome
@@blues03 some locations have better floor layouts and carry more stuff. Also, the prices aren’t always the same at all locations. For instance, orange popsicles at south SF location was $9 while it was only $7 at SanFrancisco. Also, you can return anything. I had a friend that taped the receipt under a sofa he used for 10 years and took it back to Costco - not something I’d do but some people take advantage of their return policy.
Amazon also sells a lot of counterfeit or returned items as new.
yes! especially supplements. It's terrible how they don't do quality control
yah im done with Amazonialand
The prices are also higher on amazon for a few years now.
to be fair a lot of retail stores sell returns also... I've bought so many things that were lightly scuffed or not quite packed right or the bags were opened and it's obviously a returned item.
@@TheFourthWinchester I guess you missed the part where I said I've bought things from retail stores that were improperly repacked...
Costco pizza is the real reason they’re on top
Five dollar rotisserie chickens as big as small turkeys. The only thing necessary to improve them is another hour in oven when you get them home.
Chicken bake is great.
And those $1 churro? Damn they good.
Don’t forget the Churros!
r c if your are New Yorker or Chicagoan that pizza is garbage
I canceled Prime a few months ago and just started shopping local. I know they won't miss my business, but I feel better supporting my local community
Thank you E-rock for dropping Amazon to support your community !
Me too. I don't miss Amazon prime.
Why get prime they ship it as fast without prime usually, for free shipping just make the order $25-30
You're awesome. Amazon is horrible to the planet and its employees.
thank you for doing your part in saving this planet.
I am a poor, who shops at Costco every payday. Sometimes I spend all my grocery money there for 2 weeks, sometimes I spend a little bit. But I never have buyers remorse if I get it there.
Yeah even for low income 60 per year is really not a bad investment. You'll probably get that back by the lower grocery and gas prices. Not to mention how cheap the food court stuff is while not being shit.
The $60/yr can be recouped just by dog food purchases alone. No joke.
@@mega_game_play By dog food? How about people food? If you have a dog, you're probably not low income.
I disagree on that, gone there once as a kid with my mom and even after splitting her membership with a friend, it just wasn't worth it.
@@jamersbazuka8055 You can have 20,000 dollars a year and be low income.
Costco also treats it's employees like people instead of expendable cogs unlike amazon. Just sayin.
if there was a costco where i live id gladly work there doing part time in a few years (im 12 1/2 rn), mainly because of the high wages and good benefits.
@@richardjames1431 Piss off capitalist pig. Communism will win! #FeelTheBern
@@johndoe-eh3tv Ikr? They're all slaves to the system.
@@richardjames1431 What?
@@Mii.2.0 animal farm
George orwell
Book by george orwell
as a Costco investor, this video basically sums up my entire research process.
desaturated how do you invest in costco? I wanna start investing too
@@LoneLionLeo www.nerdwallet.com/best/investing/online-brokers-for-beginners
Chris Jones omg thanks!!
desaturated why did you invest in it?
Don’t forget they feed you snacks while you shop 😂😂😂😂
Doing your grocery shopping while hungry is not a good idea. Good thing they have people covered 😂😂😂
@@liviaclaire
It's also smart to keep people's dopamine levels high when they're shopping. This is why things have colorful packaging, you'll sometimes hear music, they'll give free food samples, etc. Even I use some of these tricks when entertaining guests. No food = no friends. Same thing applies to dogs and other animals.
@@manictiger You phrase it like it’s some hidden deceptive marketing when really it’s just good business. Most businesses want you buying hungry
@@coffee4682
I never said it was deceptive. It's just conscious. Most people usually do it unconsciously. I'm just explaining it from the mechanistic perspective.
@@manictiger Yeah, I said “phrase it”
I guess I associate saying stuff in the mechanic perspective with sneakiness
Used to go to costco a lot when I was a kid. Moved away from the area that housed the costco and now live in an area with no costcos near me. Visted my sister, who has 2 costcos near her, and went to a costco with her. I was more excited about going to costco again for the first time in years than I've ever been about going to an amusement park or some camping trips. I love that place
i have friends who when they visit my state one of the first things they want to do is hit costco. i had a friend once drive 2 hours (each way) for chicken bakes and free samples.
Their food is too good too
Walmart is the same way though, most have self check out now but still, they've always had only 2-3 registers open at once, with the lines backed up super far.
Take a tequila shot every time he said Costco
Polly matter 2018: not everyone should code
Polly matter 2019: It's perfect time to learn how to code
2020 I am code
@@beepbep4302 XXD
>"polly matter"
The power of sponsors
bruh, if you're going become a programmer, you should already know that. stop with the stupid ads. i already know programming is almost as hard as learning a new language, if you're up to it you can totally do it. but it's a life choice, you have to make sure you're committed. it's the perfect time to learn mandarin go ahead.
1:12 "JC Penney forgot its customers"
Wow, it's hilarious how literal that is. I used to go there with my aunts all the time but my aunts stopped going because they were tired of waiting forever for a cashier, literally walking around the entire store in a desperate attempt to actually give them money. If they didn't want to scare people away with their representatives at the registers, God forbid, they should just increase security and have the entire store self checkout, with a tiny manned returns section in some corner.
Sears was the same way. You couldn't find a checkout counter and once I even tried to return a broken craftsman tool and the rep told me that the life time warranty was no longer valid. They were horribly managed and I'm glad they failed.
Perfectly said. My Mon had JCP on her shopping hit list every month(deal hunter). I recall her going off they became rude and cold and she was writing them off.
Costco has been SO good to me and my family for the past 20 or so years. It's really that good.
The amount of money we've spent on their churros alone must be somewhere in the upper triple digits.
What’s a churro
@@colemorgan1823 spanish pastry
man i wish they sold their churros everywhere. would drive 5 hours to the us to get em
“All these brands have something in common. They suck.”
alright then
He made it clear and simple
Quality product sell themselves.
@@shumeister1059
And if they don't, just make your own better version!
-costco
He's not wrong. Sears, Kmart, RS and JCP sucked BALLS. Looked the same as 2001 no adaption or change whatsoever and terribly managed. Toys R Us I still adore but that's on account of nostalgia.
I was so triggered when he implied RadioShack sucks
Costco also cares about their employees, pays livable wages+ and offers comprehensive benefits including health, dental and vision. Will continue to support Costco and try at all best to avoid Amazon companies.
According to payscale.com, Costco's "Customer Service Representatives" earn $12.44 per hour.
Their health insurance is surprisingly good. I've got a friend at costco. Works on the floor, not a manager or anything. Saved up enough in a few years (he's under 40 of age) to buy a house in California. Whew.
@@w0mblemania what they make $17 an hour
@@drcola143 $12.54 according to Indeed.com. Much the same at Payscale.com.
Perhaps it differs from location to location, but those are _average_ figures.
@@w0mblemania oh ok yeah it probably depends on your location
I worked at Costco for 5 years and you can literally return anything if you complain enough. One guy was in line eating chicken wings he was about to return them. Another guy brought back his surf board broken in half. They both got their refunds
I remember when someone brought back one piece of cake.
@@hutchinsonscott100 Apparently it wasn't up to Marie Antoinette's high standards.
"Yeah so these Chicken Wings? I wanna refund them."
"Why?"
"Cause they're empty."
"You... ate them."
"Yes, they're empty, I wanna refund them."
"... _Fine."_
@Nunya Business probably also why they have membership only
Return batteries for my solar system is a good perk
Canceled my prime membership last year. My Costco membership is still going strong.
I'm the opposite, lol
Gotta have both
Amazon doesn’t give you free samples of food.
Makes me think of the phrase "Costco lunch" when you get full from trying all the samples
They do samples actually
@Shawana Washington yep!
Amazon gives me $5 off 35 .... or 10 for spending 10 at whole foods
@Shawana Washington in my case it's free since I just go in with anyone who has a membership.
Costco is better because you can't eat rotisserie chicken at amazon.
Do you sale hentai in Russia?
@xlkatz well, guess I'll wait
Am I the only person that hates Costco?
@@Jl777100 Idk, there's no of costco neither amazon in russia so I don't really have an opinion
@Dark of the knight Because I don't have 20,000 children and buying food in bulk doesn't really make much sense for me. I do however, buy cleaning products and hygiene products in bulk, but that's usually on Amazon.
A company that care about their employees? That's enough reason for a membership for me!
They have a conceal carry ban deep in its membership contract.
@@eromod that blows.
eroMoD eroMoD Not a really deal breaker. The benefits are good, the pay is good. Plus it makes sense that an employer doesn’t want firearms on the premises.
@@Galahad993 Most mass shootings happen in self defence free zones.
@@eromod Well that's management's decision. You shouldn't turn down a decent job for one policy, it's absurd.
What amazes me is that even in Australia, it still costs $60. What also needs to be considered is that it’s in Australia Dollars and at the current inflation rate means that it’s $45USD.
I love Costco most because of how they treat their employees. From paying them better, from actually allowing them to have breaks to insurance!
I’m choosing to buy less so I can support companies that ultimately support our community, vs we pay the taxes for under-paid workers and the companies that own them.
It's the buying less that's hard for me to shop at Costco though. I don't have a family. Its just me. I can't eat a flat of plums before they go bad. I don't have room to store 20 rolls of toilet paper when i only use one a month.
@@driverjayne not gonna lie there really isnt too many items where like it'd be too much for one person to eat or what not before it went bad
@@driverjayne Hmm. My strategy is to freeze the meat, get frozen veggies, and stock up on non perishables in cans. I buy shampoo/conditioner and cosmetics months in advance.
But I will admit it took me... sec... a little over 3 years to use up the binders and looseleaf paper I got once...
Speaking of binders, I think I might need some now that I've actually managed to use these up.
You mean other companies don’t treat employees like that in America?
"All these brands have something in common: they suck." A profound statement indeed, lol 🤣
Hahahaha
The excitement of that Amazon box arriving at your door is wearing off.
Especially when you start to think about environmental impact, wasteful packing materials and the poor underpaid possibly stressed worker that had to get it to you.
Especially when you get home and see it was stolen.
*I'LL TAKE 2-3 DAY PRIME SHIPPING OVER SHIPPING PARCELS THAT LITERALLY TAKE 10 BUSINESS DAYS TO DELIVER (THAT'S A 2 WEEK MINIMUM WAIT) USING COSTCO'S ARCHAIC WEBSITE THAT SHIPS PRODUCTS AT THE LITERAL SPEED OF A GROUND SNAIL. THE PROBLEM IS, MOST PRODUCTS AVAILABLE FROM COSTCO ARE NO LONGER AVAILABLE IN-STORE. COSTCO'S WEBSITE CARRIES MANY TIMES MORE PRODUCTS THAN THEIR DIMINISHING WALK-IN STORES CARRY. ONLINE IS THE WAY TO SHOP, WAITING 2 WEEKS FOR POTATO CHIPS TO ARRIVE ISN'T. AMAZON JUST WORKS BETTER THAN COSTCO NOWADAYS.*
@@SkywardKing Yawn
Amazon lost billions just in Australia in the last 10yrs. They wouldn’t ship anything from their US operations before Australian had its own Amazon. Even when Australia was in full boom when the $AUD was worth more then the $USD. We were squealing for well priced stuff from the US..... “sorry doesn’t ship to your address”....
Now we have Amazon in Australia, what do they do? Pathetic selection, crap prices. Get a clue.
A CostCo is just about to open here in Perth. Thanks for the vid. I understand what they are about now. Cheers 👍
Hey, about 10 years ago when one of the Florida Gulf Coast fuel pipelines went down, Costco was one of few places one could still purchase gas and they did not price gauge. We did not notice any interruption in fuel availability thru Costco when other big operators sold out.
Also, during one of Microsoft's Win 10 updates, the one that introduced pins for sign-ins, we were completely locked out of our office computers. Thankfully, the computers were purchased from Costco and the Costco Concierge service was able to get us back in and working.
Also, I am glad that Costco's warehouses are airconditioned, unlike Amazon's.
Every time I ordered from Amazon, or listened to music on the site, I wondered how many people I hurt along the entire supply chain. I don't feel that way when ordering online from Costco or when I visit the friendly, clean warehouse.
That Costco fee, to me and our businesses, is insurance, which directly supports the powerful Costco purchasing network and for the great Costco employees. Amazon's fee, IMO, is used to enslave its employees, and apparently some of its suppliers, under horrific working conditions. I can't support the Amazon model. No f'ing way.
If you can't get if from Costco, do you REALLY need it?
Costco sold me on cheap hot dogs everything else is a bonus
You do NOT need a membership card to eat at or take out of Costco.
Hot dog and a drink for $1.50!
Now I want their chicken bake. It's so good for the price
@@brendastraley8829 you technically do? Technically you need to be a member to enter? They've often check my card when I want to enter. I guess you can have a number of excuse to get thru anyways, but still.
@@randomnobody660 Anyone can eat or take out food from the snack bar area. 100% fact. Plus anyone can have their prescriptions filled at Costco without being a member, just tell the door counters that your going to the pharmacy. Anyone can get glasses in the opic area without being a member. Buying any other items you have to have a Membership Card. It's not excuses to get in, but that's their policy since those 3 places are open to the public.. They will stop you to see your card, but you say where you're going and they let you in. This is way you have to show your Membership Card at the check out so they know your allowed to buy their regular items like toilet paper, rotisserie chicken etc. To get gasoline from Costco you have to have a membership card.
Kirklands business model: The best way to get a job done right is to do it yourself.
That is very true Cristiano.
I love their brie.
"Not by copying Amazon but by doing the opposite"
So paying taxes?
They don’t pay taxes cause they technically don’t make a profit
@@King-ts8jg And taxes on capital gains are lower, which is an absurdity.
@@louisazraels7072 well it long term capital gains That’s also how they don’t pay taxes
@@louisazraels7072 Capital gains has nothing to do with whether Amazon pays taxes. This is just corporate income taxes.
@@louisazraels7072 Also, why should we tax someone selling their home as if they had 600k in income that year?
Costco's founder also threatened the current CEO when the CEO proposed raising the price of the hot dog combo meal with "If you raise the [price of the] effing hot dog, I will kill you. Figure it out," I love that attitude about Costco and they've always been customer first, I will gladly pay that membership fee to support that mentality :D
"Costco's average wage for all their retail workers is $21/hour..."
Bernie Sanders: _damn!_
That old lesbian won't even pay her own employees $15/hour.
Bernie: Elect me for president, freebies for everyone!
At 20 years of employment you get 6 weeks vacation, 72 hours personal time, $8k a year divided in 2 bonuses, time and a half on sundays, and on top of employer match they flat out give you 8% of your pay into your 401k. Feels good to love going to work and making close to $80k a year with only a high school diploma. Costco is really a great employer.
You have to be there for a long period of time before you get to 21, starting pay is $14....which is still really good
That's talking about average across all employees, the starting wage is $15 which is still really good but don't get confused with it being $21 an hour lol
"If Costco is unsatisfied with a product, it just creates its own."
Me- Drinks Kirkland Signature water while watching this video
It is the best tasting bottled water on the market
ffs true
@@no1washerezz Kirkland signature can
me, chewing on Kirkland peanuts
@@xxxBradTxxx I posted this 7 months ago. Damn, this year went by so fast.
WHO WOULD GUESS THAT IF YOU PAY A DECENT LIVING WAGE PEOPLE ARE MORE PRODUCTIVE!!!!!!
*WAIT, REALLY?*
@@thanos4959 irk? crazy shit. revolutionary -.-
I would love for it to mean that paying employees is the easy choice for companies to get more productivity out of their workers than the added costs, but if that were actually true than it would be an obvious thing for everybody to do.
I think a big part of why Costco is able to pay more and get more productivity out of their employees is influenced by other aspects of their business model, such as the fact that people literally pay money to the company before even buying a single thing, that they sell in bulk in warehouses, or that they have a relatively small selection of products. Things like these dramatically reduce the amount of work that employees at other stores such as Target need to do to just keep a store running: stocking shelves, adjusting prices, ringing up a customer only there to buy a pack of gum and a bottle of conditioner. These things all take up employee time that at Costco would be much more efficiently spent. In comparison, workers at Costco "stock shelves" by loading massive palates onto the floor, manage the prices for 1/10th the number of items (or fewer), and rarely ring up customers spending less than $50 or even $100.
I have a hunch the quality of the people chosen is higher.
Walmart Job Interview: so, I see you have a pulse, you're hired.
You pay me minimum wage, you get minimum effort
I will also say, having worked on the food and edibles manufacturing side Costco is also supremely fair with their suppliers. They set high standards upfront and don’t try to gouge you on prices or try to take over until they are your sole customer so that they can then put the screws to you later.
This is the most effective, free advertising Costco has got in years. Brilliant must feel a bit foolish for paying to have their ad appear in this Costco ad....
Costco spends zero on advertising.
😂
The dollar general near my home looks like a tornado ran inside it.
same
me too
Me too but everywhere I look there’s a new one popping up. They are doing insanely well.
Always. That place is a shithole
Why the Dollar Tree is kicking their posterior
As a Costco employee for the past 5 years you nailed this right on the head!
Does the management treat you well? I heard you guys get great pay.
@@ruvin7023 they treat everyone amazing, I'm in Canada so we don't have the health insurance but they have 50% benefits, put 2% into our pensions automatically and will match for another 3% after your first year (this goes up with time), 2 weeks vacation after your first year and goes up every few years (I'm at 3 weeks currently), 8 paid sick days or personal days, you get $4 extra pay per hour on sundays, after 12,000 hours worked you get two $3000 bonuses per year. For regular employees who are not management the pay for top rate is $25.25 an hour, this is based on how long you've worked there for and I will get it in March which will have taken me 5.5 years as a part time employee, this goes up by a dollar or so if you are in a high skilled department and there are 50 cent raises each year for costing of living, for maternity leave they top up the employees salary to 100% for an entire year I believe instead of the regular 70%, I could go on but you get the point, overall it is an amazing company and if you work hard enough and get promoted you can definitely be making 100k a year after a decade or so. May not sound like a lot but the majority of the people working here have little to no education.
@@brunellecooper How easy is it to switch departments? I just got called for an interview in 5 days for a seasonal positions and I'm looking to work hard at it and become hired again afterwards. But I heard the food court is hell and I'm scared they will place me there. I have 4 years of front end experience like cashiering/ carts/ bagging, etc which I'll definitely mention during my interview. I'm hoping they stick me on carts or front end. If I did get a call back to work there after my seasonal is done and I was in a department I don't like, would it be easy to switch over after a while? Thank you!
@@Irraptured it depends on how long the store has been around for because that would mean there are people with higher seniority. Transfers are almost always based off of seniority not how hard someone works but as a seasonal there have been cases where they do take them on afterwards. I would apply to every position there is and make sure to tell them you want to stay after your contract is done. If you do get in part time but not to a department you like it may take some time to get out (maybe a year or so) but it's worth it. I've never worked in the food court and most people don't like it but the time goes by much faster these because you are so busy. Overall I'd say just work hard, tell them you want to stay and apply to everything. If they don't bring you back after your season is done keep applying to the warehouse, you'll have a better chance at getting a permanent position when they are hiring because you've worked there before, I have seen that happen as well
i grew up near the first Costco and from what ive heard they're wonderful employers. they pay roughly 20-50% above most comparable retail positions and give better benefits. I know alot of people who got a job when the local store first opens and never leave whereas most retailers lose most employees within 5 years of hiring them.
One of the things I really like about costco is that it sorcess its meat ethically. I was looking for ethical farm raised salmon, and along with all these names at all these specialty stores, there was costco. It was a pleasant surprise, because I'm not in a position to be competitive with my money and only shop at organic food stores and stuff. So knowing I have that option really puts my mind at rest. Also from my brief internet search they only use recyclable plastic and source their paper products from renewable sources. Overall I love what they do.
"low price and high quality" well those 2 buddies never got along so well, they must have magician working for Costco
Buying power. They buy the one best item and they buy ALL OF IT.
@@teagan_p_999 lol walmart is left with nothing , no stock of that product... well they have like 10 million product selection so not so big deal.
Lets just say one is a lot better at propaganda than the other.
And costco actually pays its employees a decent wage.
And so does Aldi - though you'll work your ass off for that wage.
Costco does expect one to work their ass off, also.
Costco pays them decently because they're more productive on average than Walmart employees. It has nothing to do with them being nice guys and everything to do with intelligent, self-interested businessmen.
This is the most fire ad for Costco I’ve ever seen.
This made me wish we had Costco in Sweden. As mentioned, if their incentive is to make me renew my membership, then I will have good service, cheap prices, and not get fleeced into making purchases I regret.
Apparently they're planning on opening in Sweden in 2022
@@AquaFerva2985
Really? Sweet!
Gotta love businesses that treat their employees well.
I want the cheapest price.
Capitalism at it's best. More Henry Ford and less Wal-Mart.
Every other company: LOOK AT ALL OUR FLASHY DECORATIONS AND SIMPLE LAYOUT AND EXPENSIVE GOODS wait where are you going
Costco: You're gonna find what your looking for somewhere in here, just lemme check if you got a membership
Except you still don't.... he says "highest quality products", yet they stopped carrying the Kirkland fruit snacks which use real sugar and no artificial colors (and are LIKE CRACK), and continue to carry the fake tasting Mott's ones.
It took them forever to start carrying Bodyarmor sports drinks, which beat the shit out of Gatorade which is just loaded with sugar, and even then only carry 3 flavors.
A lot of people like to try different products until they find something they like and want to buy it in bulk, which is the fundamental flaw of Costco's business model.
More like "you're going to find what you're looking for here but here's 100 pack AA batteries and a tub cookies, heck here's a set of tires while you're at it"
Moral of the story, you didn't become a costco member just to get eggs.
@@nahor88 might just be yours cause I'm pretty sure the costco near me carries more than just the 3 regular flavors, but it really sucks that they stopped carrying the fruit snacks
When we first moved into a city with Costco's, mom told us that she's wont join Costco membership, sounds expensive. She was just gonna tag along and shop with her friend. A month later she bought a membership herself. Just being able to abide people with membership is such a win win deal. We get to shop in Costco without buying membership, for Costco it's a gateway drug. Really incentivizes first timers. Its products might not be the best, nor got the most variety, it's perfect for middle class families like us. We do most our grocery shopping there. Their gas station too, if we know we're going to Costco soon, we'd wait till then to fill up at Costco's gas station. And for us Asians, it's a great place to discover American products
Costco probably learned from Brilliant.org
Vito Scaletta lol
I was expecting a Rick roll. I guess I just got Rick rolled.
Lol you mean Brilliant.org probably learned from Costco
It's interesting on how well compensated the average Costco employee is, compared to the average retail job, considering they don't usually need to have any product knowledge or to be tasked with going around actively asking customers if they need help.
They gotta be able to cook tasty snacks tho
I work at Costco and get a free membership, where’s my fellow Costco workers? 😆
I worked at Costco for over a decade starting in the mid-1980's. Of course, it was called "Price Club" back then. Best company I have ever worked for.
Scott Jordan why did u leave?
@@aryaBheem Moved to DC then Seattle. Bright lights, big city. Time to party. Costco was my first job out of high school.
@@FoScoJo We were members of Price Club.
i dont work part time there but i gladly would
I have both Costco and BJ’s wholesale club membership. I don’t mind spending $15 - $20 on simple hand-soap if it lasts me 6-10months. Real talk, it saved me a whole much of money and time in the long run with a bigger upfront cost.
So many people forget about the time, gas $, and wear and tear on your car to run all over to get the "deals".
@@Sypherz Wear and tare on your car ? WHAT ! ! You mean to tell me you're traveling 100 miles, one way, to get to the closest Costco ? Tell me it ain't so !😂😂😂😂😂😂😂😂😂
@@dancahill9122 Don't be naive. Every time you drive your car you are causing wear and tear - why do you think they measure maintenance schedules in mileage?
@@Sypherz you mean like literally going to any other store, or to anywhere you’d like to go?
The wear and tear argument is nonsense.
@@protoman1365 It isn't nonsense, it;s reality. Going to one store, versus chasing deals all over the city saves money in gas, time, and wear and tear on your car. It's really not that hard to understand.
I love COSTCO stores but their parking lots are a nightmare.
Protip: If you can, go on either a Tuesday, Wednesday or Thursday, it's a lot less crowded. The trade-off is that there are fewer samples.
Never ever go on a weekend that’s the biggest tip. Also go before 12 PM in the afternoon. Their parking is a piece of cake compared to a Walmart supercenter/sams club
The parking lot at Costco Iowa City is entirely indoors. No snow or rain problems taking your purchases to the car. I love. it.
@@IrismonoYT lmfao thats the best comment on this video 😂😂
Tip #1 - Go when everyone else is at work. Tip #2 - Go very early on weekends if you must and can. I avoid large crowds and find great parking that way. 😉
The floor plan is not complicated. It's a big square. Literally.
Yeah, it is much cleaner and organized than most big box stories. I am not sure what he is talking about.
The Target store that I go to is built like a maze. It has multiple floors (3) and the escalators can be difficult to find the first time you shop there as they are concealed behind giant walls/partitions. The first time I went in this store and tried to exit, I literally walked around the entire floor, not once, but twice, as I passed by the escalator once without even seeing it, as it is obscured by a partition, the only escalator which leads back to the street level outside. Sure, there is another exit, but that exit leads to an upper floor parking lot--not good for pedestrians who walked into the store instead of driving there. I wonder if this layout has more to do with designing the floor plan to "encourage" customers to spend more time in the store than they might have originally planned or for theft deterrence purposes, or for both.
Customers are members. All of them know where’s the product they want. They BBC don’t change the layout or move their product that often. I enjoy Costco shopping.
@@kokoleka808 I don't tend to walk around so much if I want to get out of a store. Were there employees on the floor? As soon as I spot an employee or even a customer I ask them where's the exit.
@@kokoleka808 Target is bad designed, thats why it closed in Canada after only 1 year.
The appeal of Amazon was never price. It was access.
Actually, both but you make an excellent point.
In the beginning it was price, especially for tech. Those days are long gone.
Pretty much. They used to have some good deals on stuff back in the day, but anymore, I just go to them when it's difficult to find something in brick-and-mortar stores.
I think both are powerhouses
Amazon is a great model for people living in big cities that don't want to deal with traffic, finding parking, crowds to find the store doesn't have what you want.
I love Costco, I hope they can modernize well because the vibe going there is always nice. Free samples for days
They don't need to modernize anything. Like the video said, they're not competing with Amazon because they're doing their own thing, and it works.
07:27 _Long term investment_
*shows 5 day chart*
I was looking for this comment. They should have done a 5-year graph which, based on when this video was published, would look quite appealing to investors.
When corona virus is hitting that hard... 5 days is pretty long term... 😬
I was initially very skeptical of paying a membership fee to shop. But after watching their prices for a year or so it was easy to see that I would save much more than $60 a year.
I became a member & have never looked back. I became an Executive Member about 7 years ago when Customer Service advised me that we were spending more than $3,000 a year and we would recover our full membership fee if we upgraded to Executive. I have never paid a penny for membership fees since and have enjoyed the lowest possible prices
on all of the items we buy there.
Many common products from toothpaste to cereals to tablets typically have 5 to 20 choices in traditional or online stores. Costco typically has 1 or 2 choices. Yet, over the years, after much research I find that the Costco buyers make excellent decisions as to which product they determine will be sold at Costco. Almost always they choose items that are positively reviewed, closer to the middle or top of the product line and always represent good value.
Might not be your favorite brand or have exactly the features you prefer but it will consistently be a quality product at the lowest possible price.
How Costco succeeds:
1. Membership program is its business model, which attracts and retains customers because prices are ridiculously low
2. Few selections eliminates paradox of choice and gives Costco immense negotiation power, therefore allowing it to keep prices low
3. Though there are few selections, they come in bulk (which attracts business owners) and are of high quality
4. Confusing store layout gets you to buy more
OK, but the store layout isn't confusing. It's just like every other warehouse store.
@@incognitotorpedo42 It’s confusing relative to shopping on Amazon or at Walmart. Anyway I’m just summarizing the video.
@@incognitotorpedo42 I live in the Midwest of the United States and they always move all their shit around in there every few days so we have to go look for it. I think like they just move it around in the same section but I could be wrong. Their practice probably differs from store to store
number 3 though. we see so many resellers come through our doors.
*paralysis of choice. A paradox is when something is self-conflicting or self-contradictory.
Even though I’m a broke college student, I will never cancel my Costco membership. The gas prices alone make up for the cost of the membership fee, and that’s without the low prices for the everyday basics. My classmates think I’m a fool for paying 60 bucks a year for the membership but continue to spend on Netflix, Hulu, Spotify, Amazon, and food delivery services. Then they come crawling to me to borrow my card to get gas or buy some stuff, I kindly reject them and laugh at them.
Disagree that getting around Costco is confusing, the layout seems to be the same for all stores, the only thing bad about navigating is the volume of people that clog aisles.
You get familiar with the layout over time (kind of part of their business model of making people feel rewarded for "membership loyalty"), but it's notable that Costco doesn't mark aisles with any signs saying what's in them. It wouldn't be a difficult thing to do, and it's such common practice that there's no way Costco hasn't considered it before.
Costco is great, and once you visit enough times you get to know where everything is. But they definitely *could* do things to make it easier for a new customer to find their way through the store that they clearly are choosing not to do even though it would cost them next to nothing.
Its easier to get around my local Costco than the local Sam’s Club. Only because the evening shift at my Sam’s Club loves to reorganize things. Come in one day, you know exactly where the coffee and teas are. Next week, its four istles over. Its kinda like a game they play. And crazy part is that specific Sam’s is the busienst in my state.
can be. I have 3 Costco stores with 35 Miles of my home. The larger city stores are busy and annoying. Im closer to the smaller one, within the smaller city. It is sooooo much better. I now have my friends and family coming to mine, and get in a quick visit at the same time.
W C : Because of the sample tables...
@@verios44 Uncle Sam's scan and go kicks Kirkland arse!
“Costco won’t even let you in the door without paying.”
They need a new door boy at my Costco then
The only comment below this that made me laugh. I've read at least 50 so far
At the one I work at they just get on the radio and say that someone refused to show their card.
Mine had a girl.
Willie Hardiman I tell them I was just gonna go get a hot dog and/or pizza and they’re like “k cool go ahead.”
@@gersonrosas1732 works some places but it's a company policy (now) that we're not allowed let non members in even if its just for food court.
Sears didn't fail because it was old fashioned, it was drained of cash by the company that purchased it.
Vulture capitalists like Mitt Romney who make a fortune doing that foul shyt.
exactly. damn millenials think they know everything
Yes, Sears was the original Amazon. You could even buy a pre-fab house from a Sears catalog back in the day. No kidding.
That's the case with Toys R Us as well. The purchasers over leveraged to gain control, transferred debt to it as a subsidiary, robbed it of its asset (property) and then abandoned its stripped, debt ridden carcass. Leaving thousands without jobs for the benefit of a few shareholders.
I don't know about anyone else, but I've never been in a Costco that was set up like a maze. The racks on the left, right, and center all line up in neat rows, food on one side, non-food on the other, and clothing and seasonal stuff in the middle.
Yeah, the Costco nearest to me is pretty neatly organized.
And their employees are paid more and generally more happy.
@Earthly Fireflies The receipt thing is in the contract and most people don't care. Also an opt in obedience training institution sounds pretty stupid.
Did you know that the costco hotdog and pizza and what not's price has actually gone down due to inflation. it was the same in the 1990's.
Amazing.
at one point, I wondered, if they raised the price of hot-dogs back to $2,
could they afford to include sales tax across the store ?
@@ladwigs The old ceo of Costco is very against raising the price of hotdogs
Their one slice pizza is too good. Just what you need after shopping there
The ice cream at costco is so cheap and delicious.
And it taste like it has been there since the 90s
"Millenials didnt kill your buissnes they stopped putting up with its 18 century practice." The best quote I have heard in a while.
Sears had everything in place, they could have been Amazon, all they needed was some computers in their mail order facilities.
Even my 2 year old gets excited to go to Costco. Also them actually using a lot of cashier workers is golden. I never mind waiting because it never feels long. They are fast and efficient
this is so true, I can't say how many times I've walked into costco thinking I'm just going to buy their milk to beat the system and walk out with $150 worth of shopping
Waskito trust me,those 150$ are worth it,especially with the deals and the huge amount of food you’ll walk out with
everytime my family goes shopping (im in a family of 7 and im the youngest brother) its costs upwards of $250 every time we go to walmart. wegmans is nice tho. btw we dont have a costco where we live D':
I'm a single girl who lives alone with her cat and I still usually end up spending $150-$200 whenever I go to Costco 🙈 It's worth it though! I was already well prepared for the toilet paper and hand sanitizer crisis of 2020 😄👌🏽
@@tristantheoofer2also part of a big family 8, turns out the average American spent 100$ on groceries a week, we only spent close to 90$
That begins part about costo having a loyal customer. That’s me, I check Costco first before checking others. Not because I feel like I owe it to my membership, but because I value everything they stand for. The return policy is probably one of the best part about them. We’ve been members of Costco since 97 and will never switch.
I've been a member since 1981 when the Price family owned it and it was called Price Club.
You look like you were born in 97 lol
Moto Guzzi never heard of BJs. We have Costco & Sams club on the west coast.
Martin Petkov I was born in 92 lol
Moto Guzzi haha thanks!!
shhhhh! why do you tell this to everybody !! dont let anyone come to costco! it's getting crowded !!
I mean they already have 95m members loll, let’s make it 100m now
They can expand and open a few more stores..
More jobs too
@@cia1998 So they are making roughly 900m a year? That's a lot lower than Amazon.
There's nothing like the experience of walking past a 10 pack of go-karts with a giant slice of pizza in one hand and the other pushing a cart almost as wide as your car down the aisles of a warehouse the size of the neighborhood you grew up in as a child.
Costco also recruits business to buy membership for their employees. I would have never started shopping there without that 😁.
That's really smart