How Costco Mastered Capitalism Without Being Greedy

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  • Опубліковано 19 гру 2024

КОМЕНТАРІ • 63

  • @Moviefreak893
    @Moviefreak893 День тому +57

    Well done video. I'm glad someone is praising companies that are being ethical rather than companies that just grow and are rich at the expense of everyone else

  • @michaelvincent843
    @michaelvincent843 12 годин тому +34

    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.

    • @Senorzilchnzero
      @Senorzilchnzero 8 годин тому +1

      Why do they have the most aggressive build timeline?

    • @michaelvincent843
      @michaelvincent843 Годину тому

      @ 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.

  • @DieselDucy
    @DieselDucy 19 годин тому +19

    MUCH respect for this company!

  • @taylorstewart5201
    @taylorstewart5201 20 годин тому +25

    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.

    • @EstablishedContext
      @EstablishedContext  19 годин тому +9

      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.

    • @ignacymoscicki3834
      @ignacymoscicki3834 8 годин тому

      I have to agree with that statement, they need to focus on the staff

  • @wulfric3543
    @wulfric3543 10 годин тому +4

    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...

  • @FantasyPhenoms
    @FantasyPhenoms День тому +15

    DOUBLE CHUNK CHOCOLATE COOKIE

  • @norbertfranqui
    @norbertfranqui 14 годин тому +3

    Well done. You deserve more subs which I’m sure you’ll get on this path.

  • @kyemalexander
    @kyemalexander 11 годин тому +3

    This video was great! Well done!

  • @MasterDebator-l7u
    @MasterDebator-l7u 11 годин тому +3

    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.

  • @WealthyChronicle
    @WealthyChronicle 15 хвилин тому

    Who knew a $1.50 hot dog combo was part of a genius business model? Costco is redefining what success looks like in retail. 🔥

  • @explorewithme4707
    @explorewithme4707 11 годин тому +2

    I’ve worked at Costco a long time. Jim was the man!

  • @YeshuaAgapao
    @YeshuaAgapao 8 годин тому +1

    The $1.50 hotdog/soda combo, the $10 pizza (they got rid of supreme though), and the $5 rotisserie chicken. All great stuff.

  • @lillithveil
    @lillithveil Годину тому

    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.

  • @gogameing5657
    @gogameing5657 57 хвилин тому

    One difference between normal subscription models is that Costco Is once per year most of the time it's Once per month

  • @mikejanacone8328
    @mikejanacone8328 11 годин тому +1

    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

  • @matteng2332
    @matteng2332 7 годин тому +1

    Look, I’ve had my Costco card officially for 3 weeks. Do not badmouth my new religion.😂😂😂

  • @m4yd1e86
    @m4yd1e86 День тому +2

    Really well done video. Very informative.

  • @joechaney7837
    @joechaney7837 День тому +2

    Solid video man, I really enjoyed that

  • @sonic_genesis
    @sonic_genesis 4 години тому +1

    0:29 modern society lmao 😂

  • @johnatyoutube
    @johnatyoutube 8 годин тому

    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.

  • @braxtonmckee8881
    @braxtonmckee8881 22 години тому +2

    Great content!!

  • @mikerock8177
    @mikerock8177 11 годин тому

    We need a Costco between Killeen and Temple Texas

  • @domfazool8326
    @domfazool8326 10 годин тому

    Welcome to Costco, I love you.

  • @kennixox262
    @kennixox262 9 годин тому

    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.

    • @YeshuaAgapao
      @YeshuaAgapao 7 годин тому

      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.

  • @solo2moses497
    @solo2moses497 15 годин тому

    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

    • @YeshuaAgapao
      @YeshuaAgapao 7 годин тому

      Costco is for groceries, hygiene, food court, and some housewares. Supplements, electronics, car parts, tools, pet food I prefer the competition.

  • @DillonJohnson216
    @DillonJohnson216 День тому +2

    Superb video bro, keep at it you will do great.
    Costco customers are like crack addicts, its my Dads crack

  • @averageguy1261
    @averageguy1261 11 годин тому +1

    Go Costco!

  • @tedr4526
    @tedr4526 14 годин тому

    It’s kind to f like how company’s we’re before jack Welch came along

  • @ericad8412
    @ericad8412 11 годин тому

    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

  • @LeightonPeters2
    @LeightonPeters2 9 годин тому

    I love these videos

  • @marshalltille7770
    @marshalltille7770 11 годин тому +1

    Obey the law is the first words of ethics?

    • @EstablishedContext
      @EstablishedContext  10 годин тому

      It is, I would have to assume that was influenced by Sol.

  • @Arena18
    @Arena18 8 годин тому

    Becouse of membership the shoplifters are out of the picture here

    • @YeshuaAgapao
      @YeshuaAgapao 7 годин тому

      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.

  • @WhiskyAndDarts
    @WhiskyAndDarts 7 годин тому

    I know London (ON) when I see it 🤣
    Are you from around here by any chance?

  • @animationmann
    @animationmann День тому +1

    Rather Controlled Greed.
    Thinkinh Long Term for the Stocks instead of pump and dump that we see in many.

  • @dixie3087
    @dixie3087 11 годин тому +1

    Is this sponsored by Costco?😂

  • @Leymortin
    @Leymortin 16 годин тому

    really interesting video. very cool, kanye

  • @JLSwagger
    @JLSwagger 11 годин тому

    Great vid

  • @Osanosa
    @Osanosa 14 годин тому

    One day I'll go to 'murica and will buy shitton of gummies and cheap tech

    • @YeshuaAgapao
      @YeshuaAgapao 7 годин тому

      America's production is guns, factory machinery, and junk food.

  • @KhanhNguyen-hd7ws
    @KhanhNguyen-hd7ws 15 годин тому +1

    Greed is just a matter of time

  • @dROUDebateMeCowards
    @dROUDebateMeCowards 18 годин тому +2

    They maintained their retail scavenger hunt strategy during COVID. Let’s keep in mind that that almost certainly killed customers and employees.

    • @marshalltille7770
      @marshalltille7770 11 годин тому

      How? Start with the customer’s.

    • @domfazool8326
      @domfazool8326 9 годин тому

      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.

  • @stevehowes4394
    @stevehowes4394 7 годин тому

    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.

    • @YeshuaAgapao
      @YeshuaAgapao 7 годин тому

      The chats in most twitch streams (alphas and younger zoomers) have the attention span of a toddler.

  • @aaronhpa
    @aaronhpa 14 годин тому

    Being *as* greedy