Why Costco Is So Damn Addictive

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Why Costco Is So Damn Addictive

• By Eric Lora and Ronnie Jacko

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About Costco

• CEO Jim Sinegal
• Jims Salary 450,000
• Average CEO Salary 10.7 Million
• First Costco Seattle, WA in 1983
• 488 Location
• 59 Billion in Sales
• 4th Largest Retailer in County, 7th in World

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About Customers

• 48 Million Members
• 50 Goldstar Membership, 100 Executive
  Membership
• 1.1 Billion a year from memberships.
• 22 Visits a year

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The Addiction

• Simple Products
• Costco Connect Magazine
• 14 Markup of Products
• 4,000 Different Products compared to Wal-Marts
  150,000.
• Treasure Hunt

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Sources

• Article
• Boyle, Matthew. "Why Costco Is So Damn Cheap."
  Fortune 30 October 2006
• Website
• Retrieved January 28, 2008, from Costco Web
  site http//www.costco.com