Posted by T in NE on February 23, 2014 at 22:59:44 from (75.239.41.166):
In Reply to: Re: Costco posted by lamar fudd on February 23, 2014 at 18:44:34:
The reason you didn't see it again is because they don't operate like a typical retail store. When walmart or target cancels an order for a train load of jeans, Levi's calls Costco. A lot of their merchandise is stuff they bought at discount because someone else didn't want it, or someone made too much, etc. They also operate on 17% mark-up. If it's $11.70 on the shelf, they paid $10 for it. When I read about them maybe 6-7 years ago, the CEO's contract was 3 pages. Typical CEO contracts run several hundred pages.
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