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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This retail powerhouse seems able to outstrip even Wal-Mart and attracts a more upscale customer. It is increasingly trusted by its subscribers to offer all kinds of products at good values, not otherwise obtainable. It is the "safe place" to buy high-end electronics and also hearing aids and funeral caskets. Subscribers drive to shop at the nearest Costco and the number is increasing. Amazingly, even the employees regard Costco with favor and employee surliness ( endemic in such retailers as KMart ) is unknown. They seem like happy campers and that enhances the shopping experience. Their subscriber model seems less sensitive to economic fluctuations although bad times almost require shopping for value.