this post was submitted on 22 Jul 2023
497 points (98.1% liked)
Technology
59232 readers
4024 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If Costco can sell glizzies for a buck fifty a pop I don’t wanna hear it
Fwiw Costcos main profit is from membership sales…which they’ve been cracking down hard on right now!
Wait - what are they doing?
Making sure you have a membership before you can buy things. Shocking...
Haven't they always done that?
They’ve been more strict about it recently, especially with people that share memberships and self checkout stations.
They sell those at a loss to bring in customers to buy other higher margin items. What else is Spotify selling?
Ads on podcasts, even for premium members
Costco doesn't have high margins on any of their items. They have like a max of 15% markup. They make their money off the membership.
Ads on podcasts, even for premium members
To be fair (and understand I hate corporations and am speaking through clenched teeth), Costco loses money on those glizzies. They make the majority of their money on their memberships, and have made the bet that they gain more customers than they lose money on cheap hotdogs.
"If you raise the price of the hotdog i will fucking kill you"