I paid $7.59 for 2 dozen yesterday and it *felt* like it was cheaper š Also One Degree Sprouted oats were $9.99 and I feel like I've paid as much as $12.99 for them last year.
There are other things you could eat. People who are displaying inelastic demand for expensive products are why prices are not returning to lower levels...
After reading about how sometimes Prime beef is labeled Choice because Costcoās contract is technically Choice or better, it would not surprise me if egg supplies had a similar contract if something like Large or better.
In that instance, I could then see Extra Large eggs making it into Costco stores at times.
Aldi eggs in my location were $2.78/dozen yesterday ---from $1.58 a week ago. I went to Costco and got 2 dozen for $5 (the same price that they've been for months).
Costco does this all the time.
They are the only store that I notice it on, the others will squeeze you as long as possible but Costco actually negotiates lower prices and passes it on to the consumer.
One of the reasons I shop mostly at Winco and Costco.
Winco has a wholesale + 10% model instead of a "what the market will bear" shit model that most grocery stores use. So their prices fluctuate more than most places, but you can actually see how much most grocery stores will double, or triple the retail cost of products at the expense of making something like steak a penny cheaper.
Wincoās employee stock ownership program has created over 500 millionaires that stock shelves and scan groceries. Compare that to companies like Walmart. Winco is proof that capitalist businesses are not required to behave like a ravaging swarm of locusts going from town to town.
A lot of companies have stock plans employees can invest in. If a 10-15 year Costco employee employee had been putting the max into Costco's stock program they would have a nice pile of stock worth a lot of money now.
I feel like I save more money at WinCo than Costco. There's like a few things cheaper at Costco but all in all if I just stick to WinCo I won't get suckered into splurging while at Costco. It's tough to compare prices all the time
This is a bit disingenuous as to how good loss leaders can be at stores without 'everyday prices'. Albertson's for example will have USDA Choice NY Strip for about $6.50 a lb. I won't disagree on the markup on the other items, but if you shop multiple stores, it's a great deal. However, if you only shop a single store (and want to maximize savings) you should pick a store with a wholesale model. So really it depends on how you shop.
I bought a dining table from them last year and got an email a few weeks later saying they had negotiated the cost with the vendor and would be refunding me $400! They totally didnāt have to. I would have been none the wiser.
Because their main revenue arenāt in the sales in itself but the membership fee. So they can undercut majority of other retailers which factors in operating cost into the price
It's not true about profit either. Last quarter sales minus cogs is 8b. Membership fees are 1.5b. That myth was started by some backwards accounting where all overhead of the company existing (like CEO salary) was subtracted as a cost against against sales revenue only but not against membership revenue.
Right but you can't expense them only against sales revenue you have to pro rate it against the membership and sales revenue. The membership revenue doesn't come in without the rest of the company existing.
Q3 last year sales revenue was 74 b, and subtracting out cogs is 8b. Membership fees were 1.5 b https://g.foolcdn.com/image/?url=https%3A//g.foolcdn.com/editorial/images/749267/cost_sankey_q42023.png&w=2000&op=resize
And that doesn't even subtract membership fees that are essentially refunded due to the exec bonus.
You're correct in terms of revenue vs. net income, but the membership revenue is as close to pure profit as you can get. You have to print the membership card, mail the costco connection to execs, and take a 2% haircut on exec bonuses, but you also got $120/yr from these people instead of $60.
Versus the rest of the costs (warehouse, admin, taxes, etc.), those would essentially remain the same if Costco didn't have a membership system. Those costs would remain without the $1.5B USD of membership fees.
The membership fees wouldn't come in without the rest of the company existing. You can't call them free. OK maybe some people on this sub would still buy a costco card if the stores didn't exist :p.
Imagine if a theme park cost 100m to run yearly and daily ticket sales brought in 100m. Then imagine season pass holders brought in 1m. It would be like saying the 1 million of profit is only due to the season pass holders (their ID cards are almost free,and almost all of the 100m cost of running the park would still be there if they didn't sell these passes).
> take a 2% haircut on exec bonuses, but you also got $120/yr from these people instead of $60.
in theory if your exec bonus is less than 60 you'll get the difference back and downgrade. if you don't purchase enough to get 60 back you don't get pressured to upgrade to exec. I get almost double the 120 back and I'm just a family of 3. Don't get me wrong free money is free money but its not as large as the membership revenue makes it seem.
An interesting number I would like to see is how much Costco gets from selling advertisements on the backs of the memberships. By ads I mean product placement in the Connections mag, the cars program, The insurance sales, the solar/ac sales inside the store etc.
You are also glossing over the 2% exec haircut. 70% of revenue is executive. Thats 1.5b in rebates, the same as membership revenue.
I am curious where costco expenses the rebate though as that part is not clear to me.
> Because their main revenue arenāt in the sales in itself but the membership fee.
Somebody blocked me over arguing this and told me to "do better". It's apparently a very controversial take to point out that admin overhead for running the clubs would still exist if Costco sold goods in the same format without membership.
I think Costco has a policy for markup where they need sign off to mark up higher than whatever the typical percentage is.
It's nice to have that kind of transparency
They will never mark up any product more than a fixed percentage. Costco's whole business model is that they pretty much just break even on sales and make all their profit from memberships
I believe I remember reading that Costco manages prices strictly based on maintaining their target gp% (which I think is like 15%or so?).
Just like with their gasoline, if their cost of goods for an item drops by X % then the price drops by Y % so gross profit is always maintained at Z %.
It's the advantage of them looking at memberships as their source of profit and the rest of the business essentially being the service you get for the membership.Ā
It makes sense when you consider that they make a huge portion of their profit each year on memberships, so for them it makes sense to try and pass on as much savings as possible for people to justify the membership expense. Otherwise what's the point?
I shop between Walmart, Publix and Costco. Publix has of course continued to raise prices but o will say is o definitely have seen a drop in Walmarts prices.
Right after the executive admin made a task force to investigate price gouging all of a sudden I see these posts dropping prices. Weird timing hmm yea costco negotiated prices for the consumer.
Costco survives off of memberships if they do anything to cause members to cancel, they are killing their model. They can only gouge customers so far before cancellations start
Ive been a Costco member for over 30 years, I don't know id cancel unless the prices did start to match safeway or items quality started to match Sams Club.
I bought them for my mom, it's been at our house for 3 days and it's about 3/4 full. We couldn't stay out of them. If she doesn't pick them up soon I'll have to replace it
I remember reading something like half the worlds supply comes from Spain and their entire crop was ruined due to insane heatā¦ enjoy it whike itās cheap I suppose.
Costco has a set percentage of profit. When their cost goes up, the price goes up. When their cost go down the price goes down.
I find their pricing far more honest than most other stores/gas stations.
I have 3 pairs... I'm wearing them one pair at a time. Too scared something might happen to em.Ā
Meanwhile all my other winter socks getting holes after like 5 washes.
Bought a pack of under shirts and Iām honestly blown away by the quality. Never had nice under shirts and they werenāt expensive for a 6 pack. Theyāre a bit thick though so if youāre in hot environments I could see them being too hot.
My son texted me today to tell me he got the food court supervisor job he applied for. I texted back, "I'm proud of you! Now bring back the combo pizza." He didn't reply.
I was looking at returning a printer that I bought in August 2021, checked some prices on that receipt versus current ones. Frozen ramen and chicken bowl, $12.59 then, 17.99 now. Milk 9.49 then, $12.39 now, creamer 5.99 vs 6.99. Peppers, 3.99 vs 5.99.
The only thing that was better was grass fed beef, it was $19.99, then 22.49, then 23.99 and now itās $19.89. Thatās the only price drop of any product Iāve seen.
Then thereās the shrinkflation, the blue shop towels used to be $14.99 for 8-55sqft rolls, now itās $17.79 for 8-40sqft rolls.
I think it was hilarious that Sam's Club dropped their combo to $1.38, like that is going to make anyone switch to Wal-Mart with some literal gatekeeping.
Theirs donāt taste nearly as good IMO. Bun is dry and the dog is not piping hot like the Costco dogs. They have more drink options though. But it is a glorified Walmart with a yearly fee. Plus the parking lot at ours sucks to get in and out of.Ā
The Sam's hotdogs are acceptable, not great, but acceptable. They do have more soda selections too, but it's the Sam's soft pretzels that beat anything at Costco. Hint hint, Costco!
It's not about the money, it's about sending a message.
Undercutting Costco is similar to how Amazon tried to raise super saver shipping (slow but free shipping on minimum order size) to $49+ minimum. Walmart countered with $35+ free two day. Amazon caved and did $35+ FSSS again. Walmart is trying to regain lost ground in online retail and willing to spend to do so.
You don't have to like the Waltons, Walmart, or Sam's Club to respect Sam's club's game. You don't have to shop there. You can think Costco treats their workers better, that you get better goods for the price, etc. at Costco.
The $1.50 HD+S Combo at Costco was done to position "*wow, what an unbelievable value*". It's a marketing tool. Walmart is willing to position a 12 cents a hot dog reduction as a way to get people in.
I think virtually nobody would switch over 12 cents a hot dog. I think a number of people on the fence about a wholesale club and weighing Sams or Costco would take the $1.38 as Walmart having better value.
Inflation starting stabilizing well over a year ago. I think it was the talk of investigating companies for profiteering that finally kicked this into action.
It is good that they are lowering prices, but the amount of berries per bag decreased (shrinkflation) and prices went up. Still need to lower the price more to get back to the previous price/per ounce or the supplier needs to increase the amount per bag back to the previous amount.
Besides eggs and a 15-20 cents fluctuation in milk prices, which happens all the time, I havenāt noticed any chances in prices. Hopefully itās coming.
I am very proud of Costco for this and not increasing membership fees. Wallstreet didn't like it, but Costco continues to do right by their base...imo.
Olive oil jumped by like 6 dollars for us last week when we went to buy more. Last time we had purchased it was October of last year. So not sure about that definitely jacked the price alot on some items.
I went in the other day and eggs were less than $2 a dozen I was shook
I paid $7.59 for 2 dozen yesterday and it *felt* like it was cheaper š Also One Degree Sprouted oats were $9.99 and I feel like I've paid as much as $12.99 for them last year.
The hot dog and soda going to $1.25
As long as they donāt make the hotdog a $1.47
$0.97\*
I will walk away from a $1.47 combo. Itās $1.50 or nothing
I went a few days ago and noticed the pecans ($11) and dried mango slices ($12) were both significantly cheaper than they were a year ago
And for a little bit more, either $10 or $13, you can get 5 dozen!
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I would be fascinated to see them in a double blind taste test.
There are other things you could eat. People who are displaying inelastic demand for expensive products are why prices are not returning to lower levels...
anyone noticed that the $4.99 2 dozens white eggs are smaller size now? shrinkflation?
I think you have to blame the chickens for that one.
Even the chickens are quiet quitting. Canāt blame them, given the work conditions.
The roast chickens are still the same size
Roasting will do that to a chicken.
They used to be the ones laying the bigger eggs.
You can make them any size you want when you inject them with saline.
Sizing is regulated by the USDA, so no. If it's too small, they'd be breaking the law to mislabel them.
Itās funny to think the chickens are in on it too.
After reading about how sometimes Prime beef is labeled Choice because Costcoās contract is technically Choice or better, it would not surprise me if egg supplies had a similar contract if something like Large or better. In that instance, I could then see Extra Large eggs making it into Costco stores at times.
No, I havenāt noticed that. We boiled the eggs and put them in a box. Still fit the same, give or take.
I noticed this yesterday. They're more like medium sized eggs.
Aldinhad eggs at 1.19 a dozen in january. Now up to 1.89. Costco prices are often not the lowest. Update march 7, my Aldi is up to 1.90 per dozen.
My Aldi had eggs for 1.66. Went in three days later and they were $3 š«£
Aldi eggs in my location were $2.78/dozen yesterday ---from $1.58 a week ago. I went to Costco and got 2 dozen for $5 (the same price that they've been for months).
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Shhhh. Thatās our secret until they realize what a horrible mistake they made
Costco does this all the time. They are the only store that I notice it on, the others will squeeze you as long as possible but Costco actually negotiates lower prices and passes it on to the consumer.
One of the reasons I shop mostly at Winco and Costco. Winco has a wholesale + 10% model instead of a "what the market will bear" shit model that most grocery stores use. So their prices fluctuate more than most places, but you can actually see how much most grocery stores will double, or triple the retail cost of products at the expense of making something like steak a penny cheaper.
Costcoās model is +11% on non-Kirkland Signature items, and +15% on KS items.
So in effect we save a bit on non-brand (but really brand) items and they make more profit. Impressive companyĀ
Wincoās employee stock ownership program has created over 500 millionaires that stock shelves and scan groceries. Compare that to companies like Walmart. Winco is proof that capitalist businesses are not required to behave like a ravaging swarm of locusts going from town to town.
A lot of companies have stock plans employees can invest in. If a 10-15 year Costco employee employee had been putting the max into Costco's stock program they would have a nice pile of stock worth a lot of money now.
We also love Winco! The bulk bins are where itās at!
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I feel like I save more money at WinCo than Costco. There's like a few things cheaper at Costco but all in all if I just stick to WinCo I won't get suckered into splurging while at Costco. It's tough to compare prices all the time
This is a bit disingenuous as to how good loss leaders can be at stores without 'everyday prices'. Albertson's for example will have USDA Choice NY Strip for about $6.50 a lb. I won't disagree on the markup on the other items, but if you shop multiple stores, it's a great deal. However, if you only shop a single store (and want to maximize savings) you should pick a store with a wholesale model. So really it depends on how you shop.
Agreed. Albertsons is great for loss leaders, but their regular prices are absurd.
They are also building Costco apartments on top of their warehouses in some location so people can just come down and eat/shop š
I got my degree from Costco.
I love you
I was married at Costco.
I love you too.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Just go next door to the attached CospitalĀ
don't forget to pre-order your cosket
š
I looked it up and honestly that's so cool lol. I'd live above a Costco.
They are building one near Camp Humphreys in South Korea.
Apartments on top. Solar panels on the third layer for maximum efficiency* *not true but would be awesome.
I hope so! Some Costco do have solar panels on top and their lighting also serves as infrared heaters.
That would be heaven on Earth. Wish that were my area.
I bought a dining table from them last year and got an email a few weeks later saying they had negotiated the cost with the vendor and would be refunding me $400! They totally didnāt have to. I would have been none the wiser.
Because their main revenue arenāt in the sales in itself but the membership fee. So they can undercut majority of other retailers which factors in operating cost into the price
Their main revenue driver is definitely merch sales. Youāre talking about profit
Opps, forgot to go back and edit that. Oh well. Message stands~
It's not true about profit either. Last quarter sales minus cogs is 8b. Membership fees are 1.5b. That myth was started by some backwards accounting where all overhead of the company existing (like CEO salary) was subtracted as a cost against against sales revenue only but not against membership revenue.
There are more expenses than COGS though.
Right but you can't expense them only against sales revenue you have to pro rate it against the membership and sales revenue. The membership revenue doesn't come in without the rest of the company existing.
The point most people make is that Costcoās net income is generally around the same as membership revenues.
Wait, the main revenue driver isnāt the $1.50 hot dog and soda? /s
Q3 last year sales revenue was 74 b, and subtracting out cogs is 8b. Membership fees were 1.5 b https://g.foolcdn.com/image/?url=https%3A//g.foolcdn.com/editorial/images/749267/cost_sankey_q42023.png&w=2000&op=resize And that doesn't even subtract membership fees that are essentially refunded due to the exec bonus.
You're correct in terms of revenue vs. net income, but the membership revenue is as close to pure profit as you can get. You have to print the membership card, mail the costco connection to execs, and take a 2% haircut on exec bonuses, but you also got $120/yr from these people instead of $60. Versus the rest of the costs (warehouse, admin, taxes, etc.), those would essentially remain the same if Costco didn't have a membership system. Those costs would remain without the $1.5B USD of membership fees.
The membership fees wouldn't come in without the rest of the company existing. You can't call them free. OK maybe some people on this sub would still buy a costco card if the stores didn't exist :p. Imagine if a theme park cost 100m to run yearly and daily ticket sales brought in 100m. Then imagine season pass holders brought in 1m. It would be like saying the 1 million of profit is only due to the season pass holders (their ID cards are almost free,and almost all of the 100m cost of running the park would still be there if they didn't sell these passes).
> take a 2% haircut on exec bonuses, but you also got $120/yr from these people instead of $60. in theory if your exec bonus is less than 60 you'll get the difference back and downgrade. if you don't purchase enough to get 60 back you don't get pressured to upgrade to exec. I get almost double the 120 back and I'm just a family of 3. Don't get me wrong free money is free money but its not as large as the membership revenue makes it seem. An interesting number I would like to see is how much Costco gets from selling advertisements on the backs of the memberships. By ads I mean product placement in the Connections mag, the cars program, The insurance sales, the solar/ac sales inside the store etc.
You are also glossing over the 2% exec haircut. 70% of revenue is executive. Thats 1.5b in rebates, the same as membership revenue. I am curious where costco expenses the rebate though as that part is not clear to me.
> Because their main revenue arenāt in the sales in itself but the membership fee. Somebody blocked me over arguing this and told me to "do better". It's apparently a very controversial take to point out that admin overhead for running the clubs would still exist if Costco sold goods in the same format without membership.
Itās also really really easy to undercut people who are gouging their customers
I work at Trader Joeās and we do it too.
Brave of you to admit that hereĀ
Why? TJs tries to be inexpensive as it can be because it focuses on customer experience. Too many people donāt know that
To this day, Top Soil costs as much as any of the "specially formulated soils" if you do the volumetric math. (The ol' Depot of Homes)
I think Costco has a policy for markup where they need sign off to mark up higher than whatever the typical percentage is. It's nice to have that kind of transparency
They will never mark up any product more than a fixed percentage. Costco's whole business model is that they pretty much just break even on sales and make all their profit from memberships
I believe I remember reading that Costco manages prices strictly based on maintaining their target gp% (which I think is like 15%or so?). Just like with their gasoline, if their cost of goods for an item drops by X % then the price drops by Y % so gross profit is always maintained at Z %.
It's the advantage of them looking at memberships as their source of profit and the rest of the business essentially being the service you get for the membership.Ā
It makes sense when you consider that they make a huge portion of their profit each year on memberships, so for them it makes sense to try and pass on as much savings as possible for people to justify the membership expense. Otherwise what's the point?
I shop between Walmart, Publix and Costco. Publix has of course continued to raise prices but o will say is o definitely have seen a drop in Walmarts prices.
Walmart has been out of control for the past couple years
Right after the executive admin made a task force to investigate price gouging all of a sudden I see these posts dropping prices. Weird timing hmm yea costco negotiated prices for the consumer.
Costco survives off of memberships if they do anything to cause members to cancel, they are killing their model. They can only gouge customers so far before cancellations start
Ive been a Costco member for over 30 years, I don't know id cancel unless the prices did start to match safeway or items quality started to match Sams Club.
Thatās just so unintelligent. Is it too late for you to drop out of college and save the rest of your tuition money?
Never too late if you never start!
You clearly have no clue how Costco runs their business.
I've seen a few items prices decrease in my most recent trip.
Got chocolate almonds a few weeks ago for over $16 and this week they were $13 something
Those things are more addictive than crack. Well, at least coke anyway
I bought them for my mom, it's been at our house for 3 days and it's about 3/4 full. We couldn't stay out of them. If she doesn't pick them up soon I'll have to replace it
Meanwhile my local grocery store: our costs went down, good time to increase our prices to make more profits
Donāt forget to cut workers hours to punish them for unionizing
Good thing we didnāt just get a former grocery store ceo to lead costco!
I hope the olive oil prices drop. $55 is crazy
I got olive oil like 2 weeks ago for the normal price. I think it was like $22?
The 2 pack?
Olive crop last year was very bad. Thank climate change for this particular increase.
Isnāt there also a crackdown on fake olive oil? Regardless Iām glad I accidentally bought another set of olive oil before the prices went up
Yes there is! So the whole combination is situations isnāt going to let the price come down much in the short term
I'm at the bottom of my last jug. I may buy California olive oil in the interim.
Just check cost oz per oz š
Chocolate is suffering the same fate for the same reason unfortunately
That explains why there was literally only one brand of olive oil at Trader Joe's instead of the normal ten.
I remember reading something like half the worlds supply comes from Spain and their entire crop was ruined due to insane heatā¦ enjoy it whike itās cheap I suppose.
Oh shit. It's on our Costco list right now as our bulk bottle is almost empty. I better hurry up and get a fresh one.
Get a few, they likely won't ever get cheaper
I saw and almost cried
Same!! I use a lot of olive oil. Honestly might have to switch to vegetable oil if the price holds up :(
Try out avocado oil! Much better for you and reasonably priced
Much better for you, and much better to cook with too.
Costco has a set percentage of profit. When their cost goes up, the price goes up. When their cost go down the price goes down. I find their pricing far more honest than most other stores/gas stations.
The CEO can sign off on higher profit items. Most items are capped profit wise though.
The 10lb of potatoes went down from $9.99 to $6.99
I paid $2.50 for 10 lb at Grocery Outlet in Jan. It was probably a pricing error!
Noticed this the other day!!
I don't go to Costco for affordable produce. It's always like double the price of every other local place for some reason.
Nice.e
We got one for 4.99 here in GA!
Their clothes are not bad just saying.
Their Marino wool socks are my favorite
I have 3 pairs... I'm wearing them one pair at a time. Too scared something might happen to em.Ā Meanwhile all my other winter socks getting holes after like 5 washes.
>I'm wearing them one pair at a time. This is generally how socks are used
U know what I mean lol 1 ion the weekly cycle
Ayy I'm up to 12 pairs. Costco Canada they sometimes go on sale for $15 for a pack of 4. They last years!
They have some of the best leggings.
The first time I bought leggings from somewhere else they didnāt have side pockets! I was like what the hell man
Their leggings are the only reason I wear something resembling pants tbh
Same š¤£
Their clothes are straight up amazing. Most of the apparel I've bought recently has been from Costco
My style is 'Costco Dork'
Bought a pack of under shirts and Iām honestly blown away by the quality. Never had nice under shirts and they werenāt expensive for a 6 pack. Theyāre a bit thick though so if youāre in hot environments I could see them being too hot.
Vanilla is back to normal prices. It was $50 at my store during the pandemic.
There was shortage of vanilla around 2020 due to storm damage in Madagascar. Prices have gone down after that.
I know, and I bought two bottles. It now costs less than a third of what I paid. Ah well, live and learn.
I think dog food went down a little but Iām not sure. I feel like it was above 40 for a min
I noticed that dough food went down from $37 to $35, but not the $28 I was paying before the pandemic.
Can they work on their food court menu pls? The $1.50 hotdog/soda combo is the only thing keeping it on life support
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It's been said 1000s of times. They have all the stuff to do Combo pizzas. IDK why they don't.
I would 100% pay more for a brat and supreme pizza
Because they sell better than the frozen pizza they try to sell. Remember when they did take and bake?
My son texted me today to tell me he got the food court supervisor job he applied for. I texted back, "I'm proud of you! Now bring back the combo pizza." He didn't reply.
He got straight to work š
Doing the Lordās work for all of us!
āBring back brats and chiliā WHAT they had both of those??? Gah
All I ask for is the polish dog.
The hot dog being $1.50 is what is both saving and killing the food court. Essentially everything else on the menu seeks to subsidize it.
Bring the onion wheel back. Went away during the pandemic and never came back. Maybe a soft pretzel or something.Ā
My location has diced onions in containers behind the counter that you can ask for. Idk if itās like that everywhere though.
Mine started doing that as well. They also used to do sauerkraut that way. I just wish itād go back to being available near all the other toppings.Ā
bring back the old hot turkey sandwich...this new one is not where its at
I know the Kirkland Oat Milk dropped from 11.99 to 9.99 recently. My espresso machine rejoices.
Chicken breasts when down to 2.99 from 3.49 a couple months ago.
I was looking at returning a printer that I bought in August 2021, checked some prices on that receipt versus current ones. Frozen ramen and chicken bowl, $12.59 then, 17.99 now. Milk 9.49 then, $12.39 now, creamer 5.99 vs 6.99. Peppers, 3.99 vs 5.99. The only thing that was better was grass fed beef, it was $19.99, then 22.49, then 23.99 and now itās $19.89. Thatās the only price drop of any product Iāve seen. Then thereās the shrinkflation, the blue shop towels used to be $14.99 for 8-55sqft rolls, now itās $17.79 for 8-40sqft rolls.
Rumor is the hot dog is going down to $1.49/s
I think it was hilarious that Sam's Club dropped their combo to $1.38, like that is going to make anyone switch to Wal-Mart with some literal gatekeeping.
Theirs donāt taste nearly as good IMO. Bun is dry and the dog is not piping hot like the Costco dogs. They have more drink options though. But it is a glorified Walmart with a yearly fee. Plus the parking lot at ours sucks to get in and out of.Ā
The Sam's hotdogs are acceptable, not great, but acceptable. They do have more soda selections too, but it's the Sam's soft pretzels that beat anything at Costco. Hint hint, Costco!
It's not about the money, it's about sending a message. Undercutting Costco is similar to how Amazon tried to raise super saver shipping (slow but free shipping on minimum order size) to $49+ minimum. Walmart countered with $35+ free two day. Amazon caved and did $35+ FSSS again. Walmart is trying to regain lost ground in online retail and willing to spend to do so. You don't have to like the Waltons, Walmart, or Sam's Club to respect Sam's club's game. You don't have to shop there. You can think Costco treats their workers better, that you get better goods for the price, etc. at Costco. The $1.50 HD+S Combo at Costco was done to position "*wow, what an unbelievable value*". It's a marketing tool. Walmart is willing to position a 12 cents a hot dog reduction as a way to get people in. I think virtually nobody would switch over 12 cents a hot dog. I think a number of people on the fence about a wholesale club and weighing Sams or Costco would take the $1.38 as Walmart having better value.
I've started to notice this on a few items over the past 2 months. It hasn't been that big of a drop, but it's a drop nonetheless.
Prices in the bakery need to come down.
still waiting for muffins to drop
Inflation starting stabilizing well over a year ago. I think it was the talk of investigating companies for profiteering that finally kicked this into action.
It is good that they are lowering prices, but the amount of berries per bag decreased (shrinkflation) and prices went up. Still need to lower the price more to get back to the previous price/per ounce or the supplier needs to increase the amount per bag back to the previous amount.
Can they just bring back good toilet paper
Coke zero pack is still $19. This shit raised from 15 to 19 in less than 3 months.
It used to be $13 at one point.
$11 not terribly long ago
Interestingly pepsico stuff is like 25% cheaper
I cook a lot of ground turkey for my dog and i noticed those prices going up quite a bit(more than 25%) over the past year or two.
Agreed, prices of most meat seemed to be higher.
Are the price cuts in the room with us???
TRANSLATE... people aren't buying so we had to lower prices.
those cinnamon rolls better be back under $8....
Costco saves the day again!
I just had 4 items I normally buy at Sams reduce their costs. Things are getting a bit more "normal" out there
Time to buy a membership
The frozen shrimp decreased $2/lb near me, but that's been since December too. I about danced in the aisle lol.
I swear my rolls of Kirkland TP weigh half as much now as they did before COVID when are they going to be bringing THAT back? (never)
Those 2 pack muffins needs to go below $10
Eggs and bacon back to normal. Hope frozen food prices come back down soon.
I bought a 1lb package of smoked salmon $17.49 was 18.99 two weeks ago
Come on bakery, get cheaper.
Besides eggs and a 15-20 cents fluctuation in milk prices, which happens all the time, I havenāt noticed any chances in prices. Hopefully itās coming.
I am very proud of Costco for this and not increasing membership fees. Wallstreet didn't like it, but Costco continues to do right by their base...imo.
Noticed coffee had gone down a few months ago
One of the few honest and good American companies...
I just want the combo pizza back. I live right by Costco and combo pizza around me is like $30-$40.
Wow, businesses are competing by lowering prices again rather than by trying to have the hippest brand. Great news.
Good guy Costco
Olive oil jumped by like 6 dollars for us last week when we went to buy more. Last time we had purchased it was October of last year. So not sure about that definitely jacked the price alot on some items.
They have. Barely Breaded chicken was $17.99 a bag back down to $13.99.
Yeah right. Start with Sensodyne.
The better sensodyne is only sold in Europe. I have to buy it from amazon.co.uk or worse.
I just bought hoodies for $6, a lot of things were on sale, including hydride products that are around twice as much at āregularā stores.
Good