REPORT ABUSIVE REPLY
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QAnon: It's on, don't panic ii
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hillbilly |
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Like Walmart and Amazon, being exempt from the embedded "Kosher" taxes at every step in the chain surely doesn't hurt. That's what kills the smaller "mom & pop" operations. Look into it further to see just how expensive it is for small, independent businesses to compete, especially on non-food items that are already "kosher" but are taxed anyway. [ link to money.com] (less than fiddy) Costco Doesn’t Make Much Money Selling You Groceries. Here’s How It Really Earns Billions a YearBy ALIX LANGONE October 7, 2019 Have you ever wondered how Costco makes money?
Most people know that the membership-only mega-retailer sells items in large quantities at what are basically wholesale prices, so where’s the profit in that? Turns out, it’s all in the membership fees, according to a Twitter thread that went viral over the weekend.
The thread by an investor explained to the general public what most experts in retail circles have known for some time: Costco’s high volume of sales and rapid turnover of inventory are not the real reason the company is so profitable: the memberships are. The cheapest membership option is the Gold Star card, which costs $60 annually. The more expensive membership card, the Gold Star Executive card, costs $120 a year and has added perks like 2% cash back on eligible purchases.
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