Is Costco threatened by Amazon?

The North American retail landscape appears entirely different today than it did even ten years ago. The method that consumers make purchasing decisions has radically changed: they stand in stores, using their smartphones to match prices and product reviews; family and friends instantaneously chip in on shopping choices via social media; and when they’re ready […]

Costco’s Winning Business Model Strategy

Costco has built a devoted foundation of customers with low prices and workers with high wages. The discount warehouse services industry is highly competitive. There are several warehouse operators across the United States and Canada that offer similar merchandise quality, selection, and price. At the end of financial year 2015, Costco managed 480 membership warehouse […]

Why is Costco so Successful

Costco established the warehouse club retail business model, which relies on bargaining power, a no-frills shopping atmosphere, supply-chain efficiencies, and customer-friendly typical markups on branded products. Now, Costco is transforming its no-fuss wholesale business into a global brand. Membership Fees Costco has become a significant shopping destination for consumers across all income levels, as well […]