Attention all smart shoppers and coupon clippers! Are you a Costco member? Thinking about becoming one? Costco has been setting itself apart from other major retailers for decades… but how? Read through this list of Costco secrets to learn the intricacies of the Costco membership, the history of Costco, and some other generally interesting Costco facts you probably didn’t know about. There's even Costco membership information for those looking to join.
If you’re already a member of the Costco cult, you know there’s something different about this particular warehouse store. Costco is the jack of all trades in the retail industry, allowing shoppers to develop film, shop for Thanksgiving Day, buy Dad a new digital camera, and stock the little league snack bar, all in one stop. But how do they keep prices so low? Who runs this place, anyway? This list will enlighten your predetermined Costco opinions and set any Costco mysteries straight.
So get to reading! Take a few minutes to learn about the evolution of Costco and vote for the Costco facts you think are the most interesting. And if you realize you’re in desperate need of a Tommy Bahama chair and a year’s supply of Pantene Pro-V, head to Costco Wholesale Corporation and one of their contented employees will be happy to point you to the right wood crate and you'll be getting a great deal in no time.
The Price of the Hotdog Combo Hasn't Been Raised Since 1985
$1.50 for a fountain drink and a hotdog is unbeatable. Costco started serving this delightful duo in 1985 and has promised to keep the price the same. Fast forward a few decades and whaddya know? Promise kept.
Their Business Strategy Is Employee-Centric
Founders James Sinegal and Jeffrey Brotman have kept things consistent at Costco. They believe in simple, wholesome business; they pay their employees fair wages, close the store on major holidays like Thanksgiving and Christmas, and receive modest incomes in comparison to men and women in similar positions at other retail power houses. "If you hire good people, give them good jobs, and pay them good wages, generally something good is going to happen," says Sinegal.
Costco Doesn't Mark-Up Items Over 15%
Most retailers' mark-up is right around 25%, with some of the larger department stores pushing a 50% mark-up. Costco's mark-up stays below 15%.
Costco Has an Out of This World Return Policy
As long as you haven't burned your flannel pajama bottoms in a backyard bonfire or let your 3-month-old Saint Bernard use your camcorder as a chew toy, you're probably eligible to return your items to Costco. Neither the product packaging nor the receipt are required to make the return (although they "prefer" it).