• eneka@lemmy.world
      link
      fedilink
      English
      arrow-up
      13
      ·
      1 year ago

      Fwiw Costcos main profit is from membership sales…which they’ve been cracking down hard on right now!

    • slapchop@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      1 year ago

      They sell those at a loss to bring in customers to buy other higher margin items. What else is Spotify selling?

      • ShakeThatYam@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        1
        ·
        1 year ago

        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.

    • TheSaneWriter@lemmy.thesanewriter.com
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 year ago

      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.