Costco Love

Nice piece in the Economist about how Costco’s model of operational simplicity leads to a unique position in modern retail: beloved by customers, investors, AND workers:

• sell fewer things ➡️
• get better prices from suppliers & less inventory needed ➡️
• lower costs for customers ➡️
• more customers & more willing to pay recurring membership fee ➡️
• strong, recurring profits ➡️
• ability to pay well and promote from within 📈💪🏻