- 35
- 414 626
Established Context
United States
Приєднався 15 січ 2022
Business and Finance content for curious minds.
How Costco Mastered Capitalism Without Being Greedy
This is the wild history of Costco Wholesale and how it's the perfect example of capitalism done right. Join this channel to get access to perks:
ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin
Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company.
Costco Business History
Costco Wholesale
Established Context Costco
Established Context
Additional footage used by:
WSJ
CNBC
Fox 5 NY
CBS 8 SD
ABC
Costco
Inside Edition
ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin
Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company.
Costco Business History
Costco Wholesale
Established Context Costco
Established Context
Additional footage used by:
WSJ
CNBC
Fox 5 NY
CBS 8 SD
ABC
Costco
Inside Edition
Переглядів: 23 159
Відео
How These Companies Broke the Rules and Won Big
Переглядів 11 тис.День тому
1 Hour of Interesting Business Stories..How these 5 brands are changing business as we know it. Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with these companies. Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Timestamps 0:00 Intro 0:16 Domino's Pizza Turnaround 10:58 Liq...
How Subscriptions Took Over Our Lives and Why It’s a Problem
Переглядів 59314 днів тому
The scary truth about subscriptions is that they just keep getting more popular. In this video we deep dive into how subscriptions have consumed us. Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company. How Subscrip...
Why Jaguar's New Ad Might Be a Genius Move
Переглядів 11 тис.21 день тому
Why Jaguar's Ad fooled us... Can they successfully revamp their brand after this controversial move? Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company. Why Jaguar's Ad Might Be a Genius Move
Why The Economy is Broken For 99% of Us
Переглядів 2,7 тис.Місяць тому
Why The US Economy Feels Broken For 99% of Us. Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company. Established Context Establish Context US Economy
How Zyn Quietly Consumed America
Переглядів 144Місяць тому
How Zyn Quietly Took Over America - Subscribe for more content! Disclaimer: This video is for educational and entertainment purposes only. Myself and The Channel are in no way affiliated with this company. Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Established Context Establish Context Zyn Pouches Zyn Phillip Morris Zyn Took over America Nicoti...
The Real Reason Starbucks is Declining
Переглядів 212Місяць тому
Starbucks just paid $116 million dollars for Chipotle's CEO, in hopes of turning around their company. In this video I go into further details around what has been causing the coffee giants struggles. Subscribe! Join this channel to get access to perks: ua-cam.com/channels/zIJ3uWt-5H_dhYPKL1k9Ow.htmljoin Disclaimer: This video is for educational and entertainment purposes only. Myself and The C...
How an Accident Turned Into Arizona Iced Tea
Переглядів 35 тис.5 місяців тому
How an Accident Turned Into Arizona Iced Tea
How Sweetgreen is Trying to Reinvent Fast Food
Переглядів 2,3 тис.5 місяців тому
How Sweetgreen is Trying to Reinvent Fast Food
How a Joke Became a $1.4 Billion Company - Liquid Death
Переглядів 231 тис.6 місяців тому
How a Joke Became a $1.4 Billion Company - Liquid Death
Why In-N-Out Is SO Successful Without Expanding
Переглядів 1,2 тис.6 місяців тому
Why In-N-Out Is SO Successful Without Expanding
The REAL Reason Red Lobster Went Bankrupt
Переглядів 17 тис.6 місяців тому
The REAL Reason Red Lobster Went Bankrupt
The REAL Reason Walmart Can Beat Everyone on Price
Переглядів 3,3 тис.7 місяців тому
The REAL Reason Walmart Can Beat Everyone on Price
The Absurd Plan That Saved Domino's Pizza
Переглядів 2,6 тис.11 місяців тому
The Absurd Plan That Saved Domino's Pizza
The Decline of FaZe Clan: What Happened?
Переглядів 306Рік тому
The Decline of FaZe Clan: What Happened?
How MrBeast Is Revolutionizing Business
Переглядів 34 тис.Рік тому
How MrBeast Is Revolutionizing Business
Issue is like anything people exploit it.
The senior staffs at costco is not too good in my opinion, they are mean and can come off racist
Great video!
I've been a Costco member since 1986. It changed our consumer behaviour after the first visit. We like everything about Costco, but if I had to pick a single feature, it is that Costco employees are the most satisfied in the business.
that's changing for the worse
Can you do a video on Sam’s Club
With regard to respect for customers Costco informed me at renewal time that I wasn’t buying enough to justify my executive membership so I downgraded to a regular membership. What other retailer would tell their customer to spend less?
Ones who don't NEED your money- IE a membership styled
The title is silly, the reason for any business is greed. Everyone wants to make money to buy the things they would like. People only perceive “greed” when they don’t feel like they’re getting a good deal. Greed is only bad if you are hurting people because of it, by stealing, for example.
Not sure about the title of this video though 🤔 can you be a capitalist and NOT be greedy?... Greediness and consumerism are the fuel of capitalism 🤷🏻♀️
Who knew a $1.50 hot dog combo was part of a genius business model? Costco is redefining what success looks like in retail. 🔥
One difference between normal subscription models is that Costco Is once per year most of the time it's Once per month
When there's only two types of cheddar 1 is private label at 19.99 and Kirkland is 14.99 it's easy to make a choice without compromising quality. One thing I'd point out too is that costco at least where I am has to be "given" land to build and doesn't purchase outright saving them a lot of money to open stores. Costco is one of the only affordable places to buy food in my area.
It is a not so good business as people say because when a costco opens it destroys small mom and pop grocery shops And it is a business which would be recession proof because more would be business when recession hits these type of business are invested by wall street investors which provide steady returns during recession When they would form a monopoly after destroying small shops they will slowly and gradually rise the prices and become a cheaper walmart which controls the consumers
0:29 modern society lmao 😂
Look, I’ve had my Costco card officially for 3 weeks. Do not badmouth my new religion.😂😂😂
I know London (ON) when I see it 🤣 Are you from around here by any chance?
Sorry, but I have to ask this. Why do you edit-out the pauses between sentences (you know…your breaths). Do you think we have such short attention spans that we won’t keep watching if you dare to take a breath during your narration? As a listener, you don’t notice it right away, but you do notice that the longer you listen the more irritated you feel. The human brain is conditioned to hear occasional pauses when somebody is speaking. It needs that split second break to absorb what’s being said. Narrating an entire 16 minute video so it sounds like one long sentence is just obnoxious. Do you have to manually go and remove all of your breaths or is there software that does it for you? Honestly, I know it’s not just you. I’ve been hearing it more and more on UA-cam and I can’t be the only one that has noticed. I don’t get it. Why is this a thing? Anyway, aside from that I enjoyed your video. Thanks for putting it out there.
The chats in most twitch streams (alphas and younger zoomers) have the attention span of a toddler.
Becouse of membership the shoplifters are out of the picture here
Membership is only a modest deterrent for shoplifting. The anti-membership-sharing is cutting down on the shoplifting though, as is the membership card barcode scan on entry for all customers. These are also keeping the welfare/EBT people from flooding out the food court, send them back to Walmart and shoplift there. Costco has anti-shrinkage receipt inspections for all customers.
The $1.50 hotdog/soda combo, the $10 pizza (they got rid of supreme though), and the $5 rotisserie chicken. All great stuff.
Two words: "virtual cards". My bank offers virtual cards that are 100% genuine visa debit cards. You go on the app, click on a button, and you get a new card number/expiration date/CVV code you can use immediately. Similarly you can cancel one just as easy. So when I want a trial, I use a new card number for it, then set a reminder to delete the card before 30 days are up. And you can have as many as you want. It's like using a burner phone. Great banking innovation.
Great video! It's very simple. Costco promotes quality while creating great value for their customers and by treating both customers and employees with respect and care. They put their products and services and people above profit. Other corporations should study this coop model. It's the only potentially sustainable one. We see almost all other companies in decline while Costco continues to thrive and be loved.
I love these videos
I love Costco but avoid it from Thanksgiving until after New Years. Being selective in avoiding unhealthy ultra processed foods; Costco has a fairly good selection of high quality food but their main thrust food wise is horrible. Have not purchased clothing from them in years as most of the clothing has awful brand logos on them; weird synthetic stretchy materials and size selection for those who are well over their ideal weight. I do buy paper goods and household cleaning supplies. Occasionally a bottle of wine or champaign. For me, I buy my gasoline there most times. Clean pumps and good attendants. Living in Las Vegas however, the customer base is not affluent and most of the products reflect that. In San Diego, much higher quality items.
Costco is pretty much Walmart for clothes, but with lower prices. I want higher quality for clothes, high-end athletic, and not the 'supreme' markup / artificial scarcity junk, and get clothes mostly from specialized sources.
Welcome to Costco, I love you.
Loved Costco as both a consumer and an employee, but recent years the work culture has shifted a lot. There is a darkside to Costco that not a lot of people know or hear about...
Cheap prices come at a very expensive price
Well done dude, well done 👏 ✔️ 👍
This video was great! Well done!
I’ve worked at Costco a long time. Jim was the man!
Costco is a rare phenomenon and yet it should be standard practice if evil men knew how profitable being a good man could be more of them would practice good business standards
Except they don't because everyone wants a "get rich quick" This (and Amazon) was always a long game move. That SLOWLY rose over time
Great vid
Costco is a great store. I love it but I’m also a member of Sam’s and one thing I do like about Sam’s is they are better on tech they have scanning go so you don’t have to wait in line and they have delivery services so you can just order online
We need a Costco between Killeen and Temple Texas
Costco is a great company with a great ethos and great products. Best big box retailer out there. Inversely you have stores like walmart and target who are quite literally evil. As one example, walmart used to take out life insurance policies on their older employees, and it wasn’t to payout the surviving members of the family member (employee) who’d passed. It was to collect money for the company so they could continue profiting off that individual after they’d passed. Truly a $h** company and I haven’t shopped there in over a decade.
Go Costco!
Obey the law is the first words of ethics?
It is, I would have to assume that was influenced by Sol.
Is this sponsored by Costco?😂
Definitely not. Just wanted to share a cool story.
I work building Costcos, and the culture trickles down all the way to us. Despite having the most aggressive build timeline in the industry most people are quite happy. Costco works with mostly reasonable general contractors, and having Span construction (a 100% employee owned company) erecting every non-union job there is good consistency across sites.
Why do they have the most aggressive build timeline?
@ honestly unclear, because they certainly do not open as many stores as demand would suggest, we have very consistently done 15-25 stores a year. I think it’s that once the store starts going up the community gets very anxious for it, always a lot of hype. Also given the warehouse style of the building allows for an aggressive timeline. You don’t really see new construction warehouse style commercial buildings too much these days, Walmart, Target, etc. aren’t really opening a ton of new stores. If you even consider those the same style. Fun fact: Home Depot essentially stopped building for over a decade, but in the last year the same builder for Costco has erected nearly a dozen, in the same style as Costco. You can find these mostly in Texas and AZ.
One day I'll go to 'murica and will buy shitton of gummies and cheap tech
America's production is guns, factory machinery, and junk food.
It’s kind to f like how company’s we’re before jack Welch came along
Well done. You deserve more subs which I’m sure you’ll get on this path.
So Costco is a socialist store in a capitalism system
Being *as* greedy
I been to Costco once with a Costco member lot of stuff Costco I can get for the same price or less at places I like to like Walmart and Aldi that way closer to my house than Costco
Costco is for groceries, hygiene, food court, and some housewares. Supplements, electronics, car parts, tools, pet food I prefer the competition.
@YeshuaAgapao sam and Walmart 5 miles from my house Costco like 25 miles in from me. Why spend money on gas to go to Costco? When there stores close to my house that offer the same thing closer
Greed is just a matter of time
I know a lot of people here in Brazil that have an argentinian bank account for a credit card to just pay half or a third of the price of the same subscription here in Brazil, people in Uruguay do the same because here in Brazil or in Argentina it is cheaper.
really interesting video. very cool, kanye
They maintained their retail scavenger hunt strategy during COVID. Let’s keep in mind that that almost certainly killed customers and employees.
How? Start with the customer’s.
No it didn’t, whoever died were already on their way. Old, sick, getting sick, weakened immune system. You know anyone healthy that died besides your uncle’s friend’s great grandpa directly from Covid? I doubt it.
MUCH respect for this company!
Would have tried to talk to a Costco employee. There is nationwide dissent growing from within Costco and it is not the employee focused company it used to be.
Totally fair, I didn't see much dissent in my research but I appreciate the feedback and would like to incorporate more viewpoints in the future. Obviously every company has some degree of problems and not every single employee will be happy.
I have to agree with that statement, they need to focus on the staff
As it would be with every corporation
Great content!!
Thanks for watching!
Superb video bro, keep at it you will do great. Costco customers are like crack addicts, its my Dads crack