234
submitted 1 year ago by mxwarp@lemmy.ca to c/canada@lemmy.ca

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
[-] Overzeetop@beehaw.org 11 points 1 year ago

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.

[-] Showroom7561@lemmy.ca 4 points 1 year ago

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).

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

Canada

7275 readers
295 users here now

What's going on Canada?



Related Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities

Sorted alphabetically by city name.


๐Ÿ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


๐Ÿ’ป Schools / Universities

Sorted by province, then by total full-time enrolment.


๐Ÿ’ต Finance, Shopping, Sales


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social / Culture


Rules

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


founded 4 years ago
MODERATORS