Costco Wholesale Corp (NASDAQ:COST)
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For the price of a membership, Costco allows customers to shop for low prices in its no-frills, self-service warehouse facilities.
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For the price of a membership, Costco allows customers to shop for low prices in its no-frills, self-service warehouse facilities.
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CEO Jim Senegal came to the Fool today and gave us some insight into his life long passion for retailing and how it manifests itself in running Costco. He is a humble leader who takes care of his employees better than anyone else in the industry.
Their "treasure hunt" feel, smaller # of SKUs per store and relationships with suppliers put them in a fierce competitive position. Inventory does not come on Costco's books until the item is actually sold. How's that for inventory turn?
BTW..They even sell coffins and they sell a lot of them. A Fool even bought a piano at Costco.