• Reading Note
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...