this post was submitted on 03 Aug 2023
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Costco voted most respected grocery retailer as Loblaws, Sobeys fall: survey (ca.finance.yahoo.com)
submitted 1 year ago by [email protected] to c/[email protected]
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The national survey of 2,932 Canadians, conducted by Maru Public Opinion as part of the Canada's Most Respected Awards Program, found that Costco was the most respected food retailer in Canada for the second consecutive time.

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[–] [email protected] 11 points 1 year ago (1 children)

Their financials are quite interesting. They make basically most of their money on memberships. Or, to put it another way, the price of items in the store is roughly equal to the cost of goods plus their distribution and overhead.

[–] [email protected] 4 points 1 year ago (1 children)

Or, to put it another way, the price of items in the store is roughly equal to the cost of goods plus their distribution and overhead.

I find that really hard to believe, since I find it's very difficult to get a good deal on anything at Costco. I'm sure there are some good buys, but that's true for every store.

Costco either don't have much buying power, or other companies are selling at a loss (which we know isn't true, since other companies are posting record profits all the time).