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Costco's Big Secret: It Doesn't Play by the Rules
Costco's Big Secret:
It Doesn't Play by the Rules
in case you missed it
Jul 6, 2019 1:40 PM CDT

Costco's Big Secret: It Doesn't Play by the Rules

It could be charging way more but just doesn't

(Newser) - To say that Costco has a legion of fans is no exaggeration: More than 51 million people ponied up more than $3 billion in membership fees in 2018 to get access to the chain and its mega-discounts. At the Hustle , Zachary Crockett looks at what's driving the cultish devotion...

Walmart Ducked Mexican Laws via Rampant Bribery

Mexican arm was 'aggressive and creative corrupter': NYT

(Newser) - Following the New York Times' April revelation that Walmart silenced a 2006 probe into the company's Mexican bribery scandal, the Times took things into its own hands. In a lengthy investigation, the paper finds that Walmart de Mexico, the country's largest private employer, wasn't a helpless player...

Here's a Study Walmart Is Sure to Hate

Researchers see correlation between stores, hate groups

(Newser) - Researchers have spotted a correlation between the number of Walmarts in a county and the number of local hate groups. Indeed, the number of stores appeared more significant than other area characteristics—unemployment, poor education, and high crime—commonly associated with hate groups. The researchers from Penn State, New Mexico...

Occupiers to Black Friday Shoppers: Go Local

Movement backs mom-and-pop businesses over big-box stores

(Newser) - Occupy protesters have a Black Friday message: If you’re going to shop, hit up mom-and-pop stores, not big-box chains. Taking action across the country, protesters are voicing support for small businesses and opposition to shopping binges, the AP reports. In Washington, Occupiers are setting up a “really, really...

Walmart Suffering Biggest-Ever Slump

Execs admit retail giant lost its way

(Newser) - Walmart is suffering its worst-ever slump in US sales and is widely expected to post more disappointing figures when it reports earnings today. Analysts say the retail giant's woes are the result of its failure to follow founder Sam Walton's formula of providing ordinary Americans with "every day low...

Costco Fights Washington Liquor Laws

Big-box retailer seeks to cut middleman, boost profits

(Newser) - Costco is out to change the face of alcohol distribution—and, not coincidentally, sell booze at the same steep discount it applies to everything else. It’s starting with a push in its home state of Washington, where the retain giant has pumped $500,000 into a campaign to change...

As Sales Slump, Wal-Mart Cuts Prices

Watchers see ploy to hold on to middle class post-recession

(Newser) - Wal-Mart will discount around 10,000 items in the face of dipping sales, even as other retailers report increases in business. The move could be a ploy to hang on to middle-class shoppers, who flocked to the big-box behemoth in the depths of the recession but have been upgrading as...

Coke, Costco Bury the Hatchet
 Coke, Costco Bury the Hatchet 
cola wars
Dec 10, 2009 1:51 PM CST

Coke, Costco Bury the Hatchet

Bulk retailer, beverage titan reconcile pricing dispute

(Newser) - Coca-Cola and Costco have ironed out a pricing dispute that kept the warehouse chain from restocking its shelves with the soda titan's products for over a month. Coke devotees should be seeing their favorite beverages at the stores soon, Costco CFO Richard Galanti said. "Our sign on shelves—'Until...

Sleep in Tomorrow; Better Bargains Begin Sunday

Cyber Sunday joins Cyber Monday as deals shift online

(Newser) - Black Friday ain’t what it used to be. “Stay at home and shop online,” a Saks exec advises, as retailers shift away from the traditional after-Thanksgiving bargain stampede to discounts spread throughout the holiday season. Most in-store deals tomorrow, especially in electronics, will be on lower-end products...

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