this post was submitted on 16 Oct 2025
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[โ€“] aesthelete@lemmy.world 3 points 2 days ago (1 children)

I read a write up in consumer reports about profit margins for various stores, and Costco had consistently lower profit margins than the competition. They make most of their money on membership fees.

[โ€“] Corkyskog@sh.itjust.works 2 points 1 day ago* (last edited 1 day ago)

Well they also pay their employees well, or at least used to. I remember being in the job hunt like almost 2 decades ago and they were paying 2.5x minimum wage for their lowest cashier/cart person positions.

I just looked it up and they haven't kept up with inflation unfortunately... Although neither has some of the minimum wages.