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How Costco Became A Massive "Members Only" Retailer
22:02
YouTubeCNBC
How Costco Became A Massive "Members Only" Retailer
Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. The company draws most of its income from membership fees, and has a nearly 90 percent membership renewal rate. It charges very low prices on goods, rotates its inventory, and pays employees better than the retail average. But how ...
4.6M viewsSep 12, 2020
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