this post was submitted on 03 Aug 2023
234 points (98.3% liked)

Canada

7133 readers
420 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Regions

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
[email protected]
234
Costco voted most respected grocery retailer as Loblaws, Sobeys fall: survey (ca.finance.yahoo.com)
submitted 1 year ago by [email protected] to c/[email protected]
22 comments fedilink hide all child comments
 

The national survey of 2,932 Canadians, conducted by Maru Public Opinion as part of the Canada's Most Respected Awards Program, found that Costco was the most respected food retailer in Canada for the second consecutive time.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 1 year ago (2 children)

Their financials are quite interesting. They make basically most of their money on memberships. Or, to put it another way, the price of items in the store is roughly equal to the cost of goods plus their distribution and overhead.

[–] [email protected] 4 points 1 year ago (1 children)

Or, to put it another way, the price of items in the store is roughly equal to the cost of goods plus their distribution and overhead.

I find that really hard to believe, since I find it's very difficult to get a good deal on anything at Costco. I'm sure there are some good buys, but that's true for every store.

Costco either don't have much buying power, or other companies are selling at a loss (which we know isn't true, since other companies are posting record profits all the time).