The Business Strategies Behind Chick-fil-A, Costco, Starbucks and More | WSJ The Economics Of

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  • Опубліковано 21 лис 2024

КОМЕНТАРІ • 1,9 тис.

  • @paulagebhardt6018
    @paulagebhardt6018 Рік тому +1924

    I honestly loved seeing Starbucks close on Canal Street in New Orleans. For those that don't know, Canal is one of the big streets for businesses in New Orleans, and Starbucks was replaced with a local coffee shop.

    • @MissDarlaDeville
      @MissDarlaDeville Рік тому +84

      Love seeing that ❤

    • @Homegrown_Values
      @Homegrown_Values Рік тому +87

      Shop local ❤😊

    • @texasyankee20066
      @texasyankee20066 Рік тому +108

      Starbucks not good. GLad to hear local business won out.

    • @yellowblanka6058
      @yellowblanka6058 Рік тому +71

      I still find it hard to believe people pay so much for what is mediocre coffee.

    • @AlneCraft
      @AlneCraft Рік тому

      @@yellowblanka6058 A friend of mine who enjoys both Starbucks and home-made specialty coffee explained it to me as follows: people don't go to Starbucks to enjoy coffee, people go to Starbucks to enjoy the atmosphere of a coffeeshop while knowing that you will always have a place with a functioning Wi-Fi, decent bathrooms, and reliable service with loyalty programs. From students who periodically have group study sessions, to a WFH worker who is tired of their home office and works at a coffeeshop once or twice a week.
      As far as Starbucks locations are concerned, one of their biggest advantages (in Korea anyway) is that their bathrooms are always clean, which is an incredible achievement since coffeeshops historically always had disgusting bathrooms (with Caffeine being a diuretic and all). Starbucks feels clean, serious, and with pretty decent drinks as long as you're getting a dessert drink (which is what most people get when they stay in) and not a Latte or an Americano (which is what most people get when they get coffee to-go).

  • @franciscojimenez6047
    @franciscojimenez6047 Рік тому +1720

    I can imagine how Chick-fil-a workers feel motivated by having not to work on Sundays, such a great policy of the company. And it does not seem they lose customers due to this policy because the restaurants are crowded the rest of the week. Win-win philosophy for both the company and the workforce.

    • @irlandaise5631
      @irlandaise5631 Рік тому +105

      in france all businesses are closed on Sundays by law

    • @geoms6263
      @geoms6263 Рік тому +9

      I can imagine how Chick-fil-a worker vegan feel motivated

    • @LackofFaithify
      @LackofFaithify Рік тому +34

      Oh, a whole day sir? May I have but one more? Eat my shorts.

    • @familykaplan1341
      @familykaplan1341 Рік тому

      Judeo-Christian like homophobia, racism, antisemitism and sexism?!? The management are openly antisemitic and racist!

    • @familykaplan1341
      @familykaplan1341 Рік тому +3

      @@geoms6263NOT!

  • @MechPaul
    @MechPaul Рік тому +934

    0:00 - Chick-fil-A
    8:37 - Costco
    14:39 - Starbucks
    21:52 - IKEA
    27:38 - Crocs
    33:50 - Dollar General
    39:42 - Sephora
    45:55 - Target
    52:21 - AirBnb
    59:35 - Home Depot

  • @camille_ann3
    @camille_ann3 29 днів тому +1792

    Amazing content! I have been following your videos for some time now. I've been working on scaling my business for two years and have seen some great progress. Currently, I'm facing some challenges and wondering if there are any short-term opportunities I can explore to help me scale further.

    • @williamJohnsonq8f
      @williamJohnsonq8f 29 днів тому +1

      I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks than putting all your in one. If your financial understanding is lacking, see a financial consultant.

    • @AaronTilt
      @AaronTilt 29 днів тому +4

      Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 750K net from all of my holdings.

    • @Joeknowsball247
      @Joeknowsball247 29 днів тому

      This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.

    • @AaronTilt
      @AaronTilt 29 днів тому +1

      The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.

    • @Arnold-ic9jg
      @Arnold-ic9jg 23 дні тому

      I found her profile online and reviewed her credentials. She has a lot of relevant experience. Thanks for sharing her information! I've already sent her an email to get in touch.

  • @bonbonjovi4836
    @bonbonjovi4836 Рік тому +700

    My cousin worked at Chick-Fil-A while she was in college. She really liked how they treated their employees.

    • @MorganMagnus
      @MorganMagnus Рік тому

      Too bad the owner of Chick-Fil-A is a hateful bigot that refuses to treat LGBTQ+ people with any respect.

    • @MattMatt77
      @MattMatt77 Рік тому +39

      Sadly you can't say the samething for all of the companies on this list.

    • @MrTwonetwone
      @MrTwonetwone Рік тому +3

      @@MattMatt77get over it

    • @JohnS-er7jh
      @JohnS-er7jh Рік тому +55

      @@MrTwonetwone Don't tell them to get over it. There is nothing wrong with treating employees well. While I don't believe in Unions (in most cases they dont' even benefit the workers). I do believe in Employee rights/regulations and I think there is a benefit to everyone when employees are treated better (attitudes roll downhill, if management is ONLY concerned with profits (including cutting quality of product to make more money and they mistreat workers, it is not a good long term business strategy). Many McDonald's franchises and other companies behave this way and it shows in their poor quality of products/service (compared to Chick-fil-A

    • @MrTwonetwone
      @MrTwonetwone Рік тому +2

      @@JohnS-er7jh don’t you dear talk about McDonald’s like that. McDonald’s raised me. I would be nothing without the golden arch 🍟🍔

  • @Socrates21stCentury
    @Socrates21stCentury 10 місяців тому +455

    I like Chick-Fil-A simply because it is clean, the staff are friendly, and the food is served fast and tasty ... it is pretty shocking to me that their simple common sense idea is so radically different than all the other fast food marketing strategies ...

    • @TheDavidlloydjones
      @TheDavidlloydjones 10 місяців тому +9

      Hunh?
      Which fast food chain isn't cleanm serveing tasty food fast, with its staff totally grinning at you?
      None. That's the baseline quality of all American food chains.

    • @bryan_350_5
      @bryan_350_5 10 місяців тому +19

      @@TheDavidlloydjonesMcDs doesn’t have tasty burgers which are their main thing lol

    • @Socrates21stCentury
      @Socrates21stCentury 10 місяців тому +15

      Maybe where you are ... the majority of mine are dirty, angry, and slow ...@@TheDavidlloydjones

    • @kiki_steez
      @kiki_steez 9 місяців тому +22

      make sure you guys read ingredients before consuming things, america thrives in making us sick.. that simple chicken sandwich has over 50 ingredients in it, that blew my mind & i havent eaten it since

    • @anthonybranco
      @anthonybranco 9 місяців тому +1

      Nah, there's an ideological reason for the success as well.

  • @mads1864
    @mads1864 Рік тому +169

    I worked at Target last year and can confirm my store didn't have separate teams for drive ups. We had the Service Desk. We had to manage online orders and driveups at the same time. I ended up quitting because it was always busy with no resources provided by corporate for our store to operate properly, I worked at the store that was top 5 for revenue in the U.S. It is insane to me that they couldn't afford to have a separate team!

    • @nunya2954
      @nunya2954 Рік тому +16

      wall street corp greed

    • @linniebb836
      @linniebb836 10 місяців тому +9

      I think Target has made some bad choices over the past few years. I would be surprised to see them survive much longer. I know many who refuse to shop there. That may be the root of the reason for not hiring a separate team for drive ups.

    • @davidcaylor7484
      @davidcaylor7484 7 місяців тому +3

      To me... the stores smell of a "plastic / disinfectant" combo.

    • @paulb9156
      @paulb9156 6 місяців тому

      The American dream.

  • @earthdaddy
    @earthdaddy Рік тому +68

    It's actually not true that Dollar General is cheaper than other stores. Maybe on a very few select items. But overall, they're actually MORE expensive.

    • @redjoker365
      @redjoker365 6 місяців тому +4

      Exactly, Dollar General has deals with many brands to make special sizes just for them which look similar in size to the same brands sold in grocery stores, but are in fact smaller/lighter. They are correctly labeled with their actual weight so they're not *LEGALLY* misleading, but they walk right up to the line to confuse consumers. Dollar General also doesn't just open stores in rural areas, they focus on food deserts, so there are plenty of poor urban and suburban areas with several Dollar Generals. Dollar General also just lost a class-action lawsuit over mislabeling prices, where prices at the register were higher than on the shelves, and had been doing so for several years

    • @datruthwillsetyoufree8033
      @datruthwillsetyoufree8033 3 місяці тому +1

      I have always said that. They get you with the packaging. You have to watch the quantity of that product. It’s a 1.00 true but how much of the item are you getting for that dollar. No often it’s not cheaper. It’s only made to appear that way

  • @AsianFoodNerd
    @AsianFoodNerd Рік тому +202

    ⭐Summary: (1) Keep cost low for customers (2) pay employees well (3) keep things simple

    • @advancetotabletop5328
      @advancetotabletop5328 Рік тому

      Thanks. KFC decades ago, In-and-Out Burgers.

    • @IYT786
      @IYT786 Рік тому +1

      How about the profit how to maintain all this you have to think about it

    • @mikec5619
      @mikec5619 7 місяців тому +1

      Chick-Fil-A is not cheap. It does not keep customer cost low.

    • @Mnbvcxzlkjhg1
      @Mnbvcxzlkjhg1 3 місяці тому

      Just pay the employees with customer contact well.

  • @tysonb3568
    @tysonb3568 4 місяці тому +15

    I can tell these restaurant people why they are so successful….the foor is consistent, good and REAL.

  • @Okerikah
    @Okerikah Рік тому +108

    Closing on Sunday really does give more business on Monday. My family’s business closes Sunday. So Monday and saturdays are our busiest days. Whereas other restaurants close mondays because it’s a slow day generally

    • @DeepValueOptions
      @DeepValueOptions 6 місяців тому +1

      "All breathing, existing, living, sentient creatures should not be slain, nor treated with violence, nor abused, nor tormented, nor driven away."
      - Mahavira, Jaina Sutra: Acharanga and Kalpa Sutra

    • @nlartsdesign
      @nlartsdesign 3 місяці тому

      Yeah this is true because I freaking hate trying to go out Monday Tuesday or even Wednesday and not eating at my fav local food joints because they're closed. It's VERY easy to see whom is closed on Monday nearby and just trying to open the kitchen only maybe only the owner can do this tryout and see how it goes. Maybe just carryout and delivery without having to turn on all the a/c the plasma tvs and cleaning afterwards. You know just a test and if anything just have a few sittings outside to see how many people would eat outside vs asking for takeout. Oh and mind you I usually eat outdoors already in those food trucks even in the carribean island weather in summer so. Maybe look at the businesses nearby, hand out your exclusive Monday to Wednesday menu, have a points program to those who come by these days and such.
      I mean, in your case opening Mondays is great! I mean it for those guys who don't but they open thus-Sunday making even harder to compete with all the fast food chains nearby pricing and on top of it with other food trucks n such.

  • @Dominicanshawtyy89
    @Dominicanshawtyy89 9 місяців тому +82

    they should show this doc in all high school Economics classes. Very informative. I'll be waiting on more episodes.

    • @anneko6842
      @anneko6842 6 місяців тому

      Agreed

    • @jayjya
      @jayjya 6 місяців тому

      lol what part of this would be educational for a high schooler

    • @DeepValueOptions
      @DeepValueOptions 6 місяців тому

      "All breathing, existing, living, sentient creatures should not be slain, nor treated with violence, nor abused, nor tormented, nor driven away."
      - Mahavira, Jaina Sutra: Acharanga and Kalpa Sutra

    • @madisonchristian1798
      @madisonchristian1798 2 місяці тому

      @@jayjyaI’m watching this video for my economics class right now…

  • @mkm6458
    @mkm6458 Рік тому +978

    Great job on this report. I would love to know why businesses failed, like Sears, other department stores, or newer stores like Bed Bath and Beyond. Thank you

    • @bertrandpiredda8598
      @bertrandpiredda8598 Рік тому +10

      I would love to see VF Corporation

    • @mkm6458
      @mkm6458 Рік тому +7

      @@bertrandpiredda8598 good suggestion

    • @Photik
      @Photik Рік тому +34

      WSJ would make no money promoting those companies.

    • @TheDavidlloydjones
      @TheDavidlloydjones Рік тому +13

      I visited Bed, Bath and Beyond at both their new locations at College and Yonge in Toronto, the below-ground trial and the huge above-ground when the flashy new building opened, when they were new. They looked totally clueless: utterly routine product that you could buy anywhere -- half a dozen large trusted companies within a ten minute walk -- at simply inane sky-high prices.
      I was the only person in the place both times. not even any visible staff, and I saw exactly nothing I was tempted to buy. I bought new pillows and pillow-cases recently, at their competitor in the building next door.
      Sears has not been a department store for a generation: I don't know when the switch happened, but they saw the writing on the wall and converted themselves into a landlord for individual businesses which disguised themselves as Sears departments. I.e., where Sears once sold pillows, now there would be an eager small investor running her, often a young lady, own pillow stand. That looks like a good idea to me, and it may have been. One problem is, they were constrained to working in their own old, usually multi-storey, building, while an investor who thought, say, pillows were a good venture had the choice of going anywhere. I dunno.

    • @Optable
      @Optable Рік тому +20

      Seriously guys? The writing is on the wall...
      Amazon. Walmart, same day delivery, refund before return, everything on earth available at a click, remote work/high gas prices that translates right along with the dying off retail big box world in general. Even the now revamped target that almost collapsed, and at one point could have bought amazon, is doing great. I could do a novel on all this but the data is out there.

  • @Bbrinks
    @Bbrinks 11 місяців тому +166

    You can’t beat Chick-fil-A with its service…! They have the best employees which is non existent these days. I don’t know how they do it?!! Love them!!

    • @DeepValueOptions
      @DeepValueOptions 6 місяців тому +7

      "All breathing, existing, living, sentient creatures should not be slain, nor treated with violence, nor abused, nor tormented, nor driven away."
      - Mahavira, Jaina Sutra: Acharanga and Kalpa Sutra

    • @Bobin10101
      @Bobin10101 2 місяці тому

      @@DeepValueOptionsnom nom

    • @DeepValueOptions
      @DeepValueOptions 2 місяці тому

      @@Bobin10101 Killing animals, destroying life just for food, while science is absolutely in a position to provide you with vegetarian food, with all the necessary ingredients for our health, for your mind, is simply stupid
      -Osho

    • @airbus7373
      @airbus7373 Місяць тому

      Indeed. They do it by being nice (or at least nicer) to their workers.

    • @m_here1
      @m_here1 15 днів тому

      I’m a former employee, it’s the training. You have to act that way or you don’t work there since the customer service by employees is part of their brand.

  • @LXBalla4414
    @LXBalla4414 Рік тому +63

    We live near IKEA and we just go there for lunch most of the time. Other days we walk in to get some food items in the supermarket. We rarely ever buy furniture there 😂

  • @valerieemma8709
    @valerieemma8709 Рік тому +167

    i work at a chick-fil-a. i absolutely love it there. everyone i work with are so great and theres a big push on teamwork at my location. i 99% have great experiences with guests (there's always some bad ones lol). my location gives back to my community as much as they can. as an incoming college freshman, i especially love they scholarship opportunities they can provide for us, and there's even a college through chick-fil-a.

    • @charlesgallagher8450
      @charlesgallagher8450 3 місяці тому +1

      That's great, but their sandwiches are just way too salty. If they can cut down on the salt, I would be happy to return.

    • @cwert99
      @cwert99 Місяць тому

      @@charlesgallagher8450you’re definitely the exception

    • @m_here1
      @m_here1 15 днів тому +1

      @@charlesgallagher8450you can always get a grilled sandwich or one of the salads. Fried food is always going to be super salty

  • @victoriastokes1574
    @victoriastokes1574 Рік тому +27

    So funny about the customer connection with workers. My local Starbucks worker noticed when my brakes finally got fixed! It tickled me the entire day that she notice. definitely made me smile!

  • @BaozhaiDongme
    @BaozhaiDongme Місяць тому +250

    I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

    • @CodieSanchez-z2w
      @CodieSanchez-z2w Місяць тому

      You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

    • @КасеноваЗауреше7ы
      @КасеноваЗауреше7ы Місяць тому

      That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.

    • @NoahKahan01
      @NoahKahan01 Місяць тому

      Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks

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      @КасеноваЗауреше7ы Місяць тому

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

    • @NoahKahan01
      @NoahKahan01 Місяць тому

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  • @mediterrenean
    @mediterrenean Рік тому +58

    Costco is similar to IKEA in the way that the more you wander, the more stuff you would end up purchasing.

  • @GreenWaifu
    @GreenWaifu Рік тому +89

    Finally, some insights into the strategies behind major brands. It's about time CEOs and business leaders shared their approaches.

  • @Ifraneljadida
    @Ifraneljadida Рік тому +643

    WSJ - I absolutely love this long form, very detailed content from you guys. This is kind of going with the long form format that many UA-camrs do and I am a big fan of it. I read articles as well but this was just a super interesting, detailed look at these business models. Would love to see more content like this from WSJ

  • @donlean2164
    @donlean2164 8 місяців тому +55

    This random video the algorithim brought me was more entertaining and informative than i expected🤓

    • @ctdieselnut
      @ctdieselnut 6 місяців тому

      It's wsj, not some unqualified guy throwing together a video. Ofc it's going to be pretty refined and thorough. Also, since you're commenting, you have a yt account. One which tailors suggestions based on what you've engaged with in the past. It's hardly a random process.
      I don't mean to come off as condescending, it's just that certain phenomena aren't nearly as mysterious as some would believe, and looked at in a certain way, are almost entirely probable and predictable.
      For instance, some would call running into an old friend you haven't seen in yrs 'random'. But, how many people live in your town that you know, and how many strangers do you see on a typical day? You're bound to run into an old friend eventually, it's not weird in the slightest, and could even be calculated statistically. If you picked a name out of a hat and said "I'll see them tmo at 2:18pm at the corner of x and y street", then it happened, now that would be noteworthy. Even that would be nothing more than coincidence (albeit an amazing one) that the odds of could be figured out.
      But yea, it was a good vid tho 😂 sorry for the rant.

    • @taanisharora5577
      @taanisharora5577 6 місяців тому

      @@ctdieselnutbro

  • @stickshiftt9127
    @stickshiftt9127 8 місяців тому +7

    I think its great that Chick-fil-A is closed on Sundays... food service is a tough and important job in our society so its great that these employees have at least one weekend day off per week.

  • @stacywirth4353
    @stacywirth4353 Рік тому +25

    Next time I'd like to see WSJ's more balanced investigation into such "successful" business strategies. E.g.: What are the sources of the companies' products (e.g. coffee beans, wood, etc.)? To what extent do they ensure environmental protection and fair trade practices? How do they dispose of unsold product and non-biodegradable waste? What are their policies on unionization? What are their minimum wages? To what extent do they limit work hours to the effect of denying employees the full, boasted benefits?

  • @WasBlind_NowISee
    @WasBlind_NowISee 9 місяців тому +10

    Its in the first chapters of “richest man in babylon” shrink your options to your customers to a couple and sales always go up. Its fundamentals in every sales game, the more options and varieties you mention the longer the customer spends thinking about which option to go with ending in a “ill think about it” and no sale slafter spending much time. Instead bring out 2 or maybe 3 and say choose one, this mentally helps them narrow down their selection time and much easier to then go for the assumption close.

  • @globalautobahn1132
    @globalautobahn1132 Рік тому +10

    0:46 that’s truly impressive considering they’re closed on Sundays and that’s the day that I always crave Chick-fil-A the most 😅

  • @high_concept
    @high_concept 4 місяці тому +3

    This channel has become one of my favorite things to listen to while working, thanks to everyone involved!

  • @icantellbythemoonvintage
    @icantellbythemoonvintage 2 місяці тому +3

    Wonderful to see a positive, God-centered company thrive!

  • @risaandjesus
    @risaandjesus 2 місяці тому +3

    I used to think chick-fil-a was all hype till I tried it. Their simple chicken sandwich is soooooo delicious! Whatever spices they use, just elevates the sandwich. It’s one of my favorite fast food restaurants.

  • @xasancle
    @xasancle Рік тому +95

    # · Name · Strategy (Main)
    00:00 · Chick-Fil-A · Selection: Minimum Popular.
    08:36 · Costco · Customer: Membership.
    14:38 · Starbucks · Card.
    21:11 · IKEA · Price: Low Unbuilded.
    27:37 · Crocs · Selection: 1 Unlimited Custom.
    33:49 · Dollar General · Place: Far & Cheap.
    39:41 · Sephora · Product: Try.
    45:53 · Target · Place: Near & Chick.
    52:20 · Airbnb · Service: Industry Shift.
    59:34 · Home Depot · Customer: Pro 50%.

  • @GbawlZ
    @GbawlZ Рік тому +6

    Chik Fil A does it right, that's for sure. I have never seen a Chik Fil A without a massive line in the drive-thru. I haven't finished the video yet, so I don't know if they mention it, but franchisees are required to work 30 hours per week on location in their store, so they take pride in their stores.

  • @clayroberts2951
    @clayroberts2951 Рік тому +77

    I would like to see one on Walmart, my impression could be false but it seems like they’re in the decline in that their reputation has become this untidy, grimy, cheap place. From potholes in the parking lot, to shopping carts that pull to the left, to items just left in random places all over the store.
    I’d use Aldi for reference since they also offer cheap products but they give off the impression of higher quality (in the U.S.) by using warmer lighting, an eco friendly mission, and it really seems they sell to a different crowd of customers as a result.
    In Germany atleast it seemed like Aldi was more like a cross between a Kroger and a dollar General though it’s not really fair to compare their stores in Germany to those in the U.S. since Aldi South owns the rights to their international stores whereas the stores in places like Berlin (the one I went to) was owned by Aldi North. What is interesting to note is that Aldi carried over the concept of people at checkout being able to sit down which was everywhere in Germany, they also focus on small selection which allows them to offer more products in a smaller store, another thing common in Germany.

    • @christianlopez4016
      @christianlopez4016 Рік тому

      I’m curious what city you’re referring to. Here in California we’re getting quality clothing brands and more newer and modern set ups for the stores. Mass surveillance as usual, but the stores are getting more high-tec with better quality and options than target. It’s changed a lot from the beginning…

    • @christianlopez4016
      @christianlopez4016 Рік тому

      Parking lots have been newer. Then again, they’ve been changing all their Walmarts to “super Walmarts”.

    • @arielsea9087
      @arielsea9087 Рік тому +1

      @@christianlopez4016 😂Made in China. Keep on paying more for junk.

    • @F34kyoutube
      @F34kyoutube Рік тому +2

      I hate Wal-Mart! The last time I was in there, a staff member set off an alarm and turned and demanded to see my receipt! I told her no and walked out to never return! They make you use self checkout and then accuse you of theft when you do!

    • @thesunrising4982
      @thesunrising4982 Рік тому

      Walmart was so much better in Brooklyn meanwhile Aldi looked like a food bank, never going in there again

  • @ilovecairo
    @ilovecairo Рік тому +128

    So in other words, the pandemic was great for big, corporate businesses; but horrible for the mom and pop shops.

    • @joanarodriguez4440
      @joanarodriguez4440 11 місяців тому +8

      Not necessarily. I worked for a mom n pop restaurant and during the pandemic we were able to open 2 more stores while tripling sales.

    • @1azrealtor
      @1azrealtor 10 місяців тому +3

      Reading the comment above, maybe conditions favored larger corporations in proportion to mom and pops who expanded. I will say big corporations benefited the most. Especially from PPP lol

  • @darkcheeto3338
    @darkcheeto3338 Рік тому +17

    One thing i can speak on by experience as a former costo employee is costco loves and i mean loves favouritism you wouldn't believe how bad it is until you've worked there and experienced it for yourself.

    • @chocolateblended
      @chocolateblended Рік тому +1

      Tell me more

    • @darkcheeto3338
      @darkcheeto3338 Рік тому +4

      @@chocolateblended I can tell you so much bosses writing you up for the smallest thing like a customer complaint but not they're favourite employees, bosses letting they're favourite employees goof off and talk with they're friends instead of working but if you're not they're favourite and you say a few words you get told off, bosses giving days off to they're favourite employees who are new and aren't even supposed to have those days off yet but workers who worked they're for so many years ask for those days off and don't get them, favourite employees giving attitude to other workers or even the managers and they don't do anything but if it isn't a favourite that gives attitude they'd be fired on the spot, I can go on and on but what's even worse is some of the employees literally got mental abuse from the managers lots of them even went home in tears that's how bad it is and I know for a fact nothing will ever change.

    • @chocolateblended
      @chocolateblended Рік тому +2

      @darkcheeto3338 thanks for sharing. I have applied for a job there in the past. Glad I got rejected

    • @darkcheeto3338
      @darkcheeto3338 Рік тому +5

      @@chocolateblended You don't know how lucky you are, the only upside to working for costco is the pay is good in terms of no college needed jobs and because it's costco it has lots of food which is convenient but it's not worth the favouritism and I know it's not the only place with severe favouritism it happens in other jobs way more than the media shows. I'm sure chick fil a and starbucks has some favouritism as well, favouritism is what makes working a nightmare.

  • @Tracertme
    @Tracertme Рік тому +48

    Chick-fil A sounds like an incredible business model, a real business based on steady growth but with real ethics, not something you could say about any bank or Wall Street listed stock company. In the coming years this is going to play more and more into their favour, it’s a shame I don’t eat processed foods much.

    • @davidhaworth7369
      @davidhaworth7369 Рік тому +7

      Ethics? What’s ethical about factory farming?

    • @saraleigh5336
      @saraleigh5336 Рік тому +17

      As long as you share their religious values. They don’t cover birth control in their employee health insurance. They do cover Viagra. But sure, real ethics.

    • @craigslist6988
      @craigslist6988 Рік тому +5

      propaganda successful 👌

    • @Tracertme
      @Tracertme Рік тому +1

      @@craigslist6988 you were clearly not paying attention, I don’t eat fast food period… I don’t even eat in 90% of restaurants because I can cook better at home, so it’s hard to impress me and yes that’s my problem I am happy to live with…

    • @craigslist6988
      @craigslist6988 Рік тому +5

      @@Tracertme lol, your reply demonstrates exactly the intelligence I expected after your first comment, amazing

  • @LolitaSnipes-d7s
    @LolitaSnipes-d7s Рік тому +20

    The BEST Chic fil-A was the original one that opened in Atlanta at Greenbriar Mall and recently closed. Please take that recipe and apply it to your other stores because they are ALL too salty and that one store was perfect! My 84 year old Dad was so disappointed when it closed in May of 2023.

  • @anovosedlik
    @anovosedlik 2 місяці тому +1

    My brother-in-law owns three mcdonalds franchises in our (most populous in the country) city. It's brutal. He went from nyc lawyer to this and I never see him anymore. Brutal job.

  • @dwheele2
    @dwheele2 6 місяців тому +3

    Although I don’t eat chicken I have to say Chick-fil-A has the most friendliest and welcoming fast food reps!

  • @PinkPatriot
    @PinkPatriot 3 місяці тому +6

    The service doesn’t negate the fact that their food is INCREDIBLY TOXIC.

    • @udance4ever
      @udance4ever Місяць тому

      umm you could also say the way most stuff seen in this video is made in general is toxic!

  • @EthelPhillips-g8w
    @EthelPhillips-g8w Рік тому +29

    Couldn’t stop watching this. Well made and so interesting.. Great documentary as usual! Well done WSJ, always enjoying watching you.

  • @gmurayama
    @gmurayama 8 місяців тому +2

    Such a great doc! You guys should do one for the travel industry! All the airlines (private, Legacy Carriers, LCC, and ULCC), hotels, car rental space, Airbnb, vrbo, etc.

  • @sumit6190p
    @sumit6190p 6 місяців тому +3

    I don't if it's just me but i like WSJ's voiceover in their YT videos.

  • @JenniferThompson-fm8fk
    @JenniferThompson-fm8fk Рік тому +22

    I'm impressed with your report! I'm particularly curious about the factors that contributed to the failure of businesses like Sears, other department stores, and newer stores like Bed Bath and Beyond. Can you please provide some insights?

  • @leahegeloh8929
    @leahegeloh8929 Рік тому +11

    Costco reminds me of Aldi and Lidl. Small selection of items, products are stored in cartons on the shelves, they have their own brand name, and an extra miselanious isle with always new deals like a grill or clothing. Although they're smaller, they don't move the items just because they can, no membership and the cashiers are faster.

    • @blankblank4949
      @blankblank4949 Рік тому +1

      really? i grew up in the US and moved to CZK and I gotta say that I see absolutely zero resemblance between Lidl and Costco

    • @LackofFaithify
      @LackofFaithify Рік тому +1

      @@blankblank4949What, they aren't both small stores with a minimal number of employees? hehe. Yeah, like saying a housecat and a hippo are the same thing because both are mammals.

    • @chloecharles4529
      @chloecharles4529 Рік тому +1

      Costcos are normally the size of warehouses.

  • @MidnightV6
    @MidnightV6 Рік тому +2

    We need more of these WSJ. NEED MORE ECONOMICS OF PUBLIC COMPANIES!🎉

  • @43nduscott
    @43nduscott 11 місяців тому +3

    I love Chick-fil-A growth business model. The idea of growing fast by any means necessary is how you end up with We-Work.

  • @solomonhall
    @solomonhall 6 місяців тому +4

    I almost agree with the Costci segment. Unfortunately they had a CEO change and they have raised their prices like every other retailer. A 4 pack of butter was $8.99 now it's $14.99. I have seen price increases throughout the store.

    • @vickiladu6755
      @vickiladu6755 3 місяці тому

      Yes and replacing good food brands with the lesser Kirklands brand!!

  • @hotspot930
    @hotspot930 Рік тому +7

    I’m learning from this content from WSJ deliberately elaborated the different types of business models which I’m needing right now as I’m entering into a business venture.

  • @gregstone8424
    @gregstone8424 11 місяців тому +6

    Positively a delight to watch. Enjoyed the narratives of each company and hearing from informed persons on the companies position and business.

  • @mediterrenean
    @mediterrenean Рік тому +33

    Personally, I do think Chick•fil•a employees do look happier and more cheerful than workers at other fast food chains.

    • @StreetHierarchy
      @StreetHierarchy Рік тому

      I think they put the kids up front, because their souls have not yet been crushed. They probably make them be fake nice, too. Chickfila is a fake nice company...

    • @Boe-Jiden2024
      @Boe-Jiden2024 Рік тому

      all niceness is fake chief. u want them to genuinely enjoy being nice to you as they serve your phat azz chicken for 10.25 an hour 🤣🤣🤣🤡🤡

    • @CamJames
      @CamJames Рік тому +13

      they're literally told to smile lol

    • @mediterrenean
      @mediterrenean Рік тому +2

      @@CamJames so not because of better salary and benefits?

    • @CamJames
      @CamJames Рік тому

      @@mediterrenean always a plus

  • @German_K5
    @German_K5 2 місяці тому +1

    Finally, something from WSJ worth watching

  • @bsetdays6784
    @bsetdays6784 Рік тому +287

    I already own shares of Tattooed Chefs and Kairos Minerals, and I'll buy some Corsair as well. Sure, I don't mind having these equities sit around for a few years, but I'd also like to appreciate short-term profitable investments that could, say, turn $50K into $200K.

    • @africanboi4542
      @africanboi4542 Рік тому +4

      Most newbies either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.

    • @selenajack2036
      @selenajack2036 Рік тому +3

      @@africanboi4542 I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them? It Intrigues me to keep learning

    • @africanboi4542
      @africanboi4542 Рік тому +2

      @@selenajack2036 I've worked with a few different financial advisors, but I ultimately chose ELEANOR ANNETTE ECKHAUS because she seems to be very thorough and knowledgeable about the financial market. I have made more profits with her guidance than I ever did when I invested on my own using UA-cam.

    • @lucianoboccedi
      @lucianoboccedi Рік тому +2

      @@africanboi4542 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

    • @happylifegrace4674
      @happylifegrace4674 Рік тому

      How can i get her email I am having hard time locating? @@lucianoboccedi

  • @TheodoreSmith-wn3gx
    @TheodoreSmith-wn3gx 3 місяці тому +3

    You are important enough to ask and you are blessed enough to receive back.

  • @deansgribbons
    @deansgribbons Рік тому +7

    In N Out has the best business model / customer experience.

  • @TTOS69
    @TTOS69 8 місяців тому +3

    I know in NC we have voted to ban building Dollar Generals multiple times. They poped up kiterally everywhere a few years ago. Theres probably 4 within 7 mins of my house.

    • @XileniaPoint
      @XileniaPoint 3 місяці тому

      I m regreting already spend a lot of money to real bags.. i m crying really. Super fakes r better than the original..o my my my money...... *gtdupe*

  • @auro1986
    @auro1986 Рік тому +6

    their money making strategy is advertising together in wsj in this video that saves their money

  • @MoreisMor
    @MoreisMor Місяць тому +1

    I'm not sure what this story is trying to say. It does seem to just report the facts, but those that make and keep them successful. It's important to remember though, no matter how noble or benevolent ANY company appears to be in satisfying customers or fulfilling their consumptive desires, EVERY company stakeholder has one and only one motivation they all collectively share- taking money from my pockets and putting it into theirs.

  • @drmode
    @drmode Рік тому +27

    Make a great, inexpensive product and pay your employees well.

  • @BronwynAlexandriaa
    @BronwynAlexandriaa Рік тому +2

    Do one of these on H-E-B, the Texan grocery store. That would be fascinating.

  • @CannabisTechLife
    @CannabisTechLife Рік тому +22

    All the reasons listed for Costco success is why I stopped going. I got so tired of trying to find my usual products. I would always have to ask what asle number they moved my stuff to one week from the next. Just wanted to get in and get out but they try to make that as hard a possible. Once Google stopped doing delivery from Costco I cut up my membership.

    • @aguzman222
      @aguzman222 Рік тому +9

      If you have no self-control you will spend a fortune at Costco

  • @DanielleHart-m8m
    @DanielleHart-m8m 8 місяців тому +5

    Summary: (1) Keep cost low for customers (2) pay employees well (3) keep things simple

  • @therefinedbusinessblueprint
    @therefinedbusinessblueprint Рік тому +5

    Love this! We can learn so much about business strategies when we look at successful businesses!

  • @Moderntechnology-ny6rl
    @Moderntechnology-ny6rl 24 дні тому

    I have to admit, I felt a strange satisfaction seeing Starbucks close on Canal Street in New Orleans. For those who aren’t familiar, Canal is a major hub for businesses here-and seeing a local coffee shop take its place felt like a small victory for the soul of the city. It’s refreshing to see local businesses reclaiming their space in a world dominated by chains!

  • @bkgdnoize111
    @bkgdnoize111 Рік тому +21

    2020 crushed small businesses while every company named here had massive profit increases

    • @gowest5145
      @gowest5145 Рік тому +1

      I thought it would be neat to have a small shop, not anymore

    • @WelcomeBub
      @WelcomeBub Рік тому

      The want of consumers never goes away, so where money is short mass production satisfies...

  • @PureAloha78
    @PureAloha78 Рік тому +3

    Love studying the business models of these different businesses.

  • @alexyang_
    @alexyang_ Рік тому +16

    "I'm not right-wing or left-wing. I'm the whole chicken." Gold.

  • @kingstorm7188
    @kingstorm7188 7 місяців тому +1

    Everyone is super genuinely nice at chik -fila. Great service overall . Every store follows the same guidelines

  • @buddyloyal8420
    @buddyloyal8420 10 днів тому

    Kudos to WSJ,
    extremely well done as usual.
    This documentary is of the finest quality !
    From: Pittsburgh Pennsylvania

  • @mingthemerciless7225
    @mingthemerciless7225 Рік тому +8

    The secret recipe of Chick fil A is monosodium glutamate(MSG), I am surprised they didn't mention it!

    • @d9918
      @d9918 Рік тому

      Which is a natural additive.

  • @Weight-Loss..
    @Weight-Loss.. Рік тому +2

    I'm always fascinated by the success stories of these companies. Their unique business strategies offer valuable insights for entrepreneurs and business enthusiasts.

  • @SomeGuy-q1d
    @SomeGuy-q1d Рік тому +38

    Great documentary as usual! Well done WSJ, always enjoying watching you

    • @gierfrissthirn
      @gierfrissthirn Рік тому

      it is not a documentary. it is an hour long advertisement format.

  • @loafbread529
    @loafbread529 4 місяці тому +2

    the costco here in the Philippines is SNR which is nice for buying in bulk

  • @maxheadrom3088
    @maxheadrom3088 Рік тому +10

    Costco is awesome! I wish they opened a store in my country. You know what they save when they stack things up to the ceiling? Stocking costs!

  • @YaseminGanim
    @YaseminGanim 6 місяців тому +2

    Sahi hai yaar 4RA pe deposit aur withdraw karna dono easy hai, process bhi fast hai 🏦💸

  • @dan5072
    @dan5072 Рік тому +4

    Philippines has IKEA's biggest store. It shows blue in your map at 25:43

  • @ddc2343d
    @ddc2343d Рік тому +7

    I've stopped going to Starbucks; it's not a good value. The last time I went, it was $11 bucks for a latte and a re-heated sandwich. Too much for re-heated food.

  • @VAULT-TEC_INC.
    @VAULT-TEC_INC. Рік тому +12

    Why do people watch other people’s “Costco haul?” “I got bottled water!” Ooooooh!

    • @udance4ever
      @udance4ever Місяць тому

      lol - I was wondering the same thing 😂 💦

  • @iu1191
    @iu1191 Рік тому +3

    Absolutely fantastic visdeo. Loved this and will be sharing it. The insights are really useful and the long format is powerful. Great stuff.

  • @beefreechar
    @beefreechar Рік тому +2

    I love how Chick-fil-A seen the drive thru working for In-N-Out and adopted the same system.

  • @winniethepooh1931
    @winniethepooh1931 Рік тому +4

    Chick-fil-A got the best people.

  • @alphawolf5294
    @alphawolf5294 7 місяців тому +2

    Kirkland has been consistently good quality. We switched from BJs to Costco because it is just better. It is pretty noticeable that other people agree because there are more people shopping at Costco than there are at BJs. Alos, Costco's food court is awesome especially in this age of inflation.

  • @ethanl5109
    @ethanl5109 Рік тому +4

    Starbucks wasn’t a cafe in 1971. They didn’t do that until Howard Schultz came back from Italy. It was a coffee and spice shop. Not a cafe.

  • @sarahsays194
    @sarahsays194 10 місяців тому

    I wore Crocs when I was a pharmacy tech and they were the most comfortable and made my feet hurt the least. They really do help people who are on their feet all day. So I'm team Crocs!

  • @Izz_1321
    @Izz_1321 Рік тому +5

    Great video!! Lots of great informative info on all these major companies. Definitely a great watch

  • @bngr_bngr
    @bngr_bngr Рік тому +12

    Love Chick-fil-A!

    • @Photik
      @Photik Рік тому +3

      And they love you

  • @mousemd
    @mousemd 5 місяців тому

    I go to my local ACE. I find this place to be most helpful. A member of Staff is right there as soon as you walk in the door, if all of them aren't busy helping other customers. I am not a contractor though

  • @danielaguevara6544
    @danielaguevara6544 Рік тому +5

    I love a "simple" Menu! Chick fil A is quality and service in every step! I respect closed on sundays

  • @TrvisXXIII
    @TrvisXXIII Рік тому +9

    Chick fil-a just makes great fast food, that’s the money making strategy

    • @Summerdee223
      @Summerdee223 Рік тому +4

      And Chik fil a employees are friendly and actually seem happy to be there.

  • @mikejonesss
    @mikejonesss Рік тому

    Ive bought chic fila salads about 8 times since the beginning of this month, always quick and fresh, free refills on the lemonade, they will always have my business!

  • @sonder007
    @sonder007 Рік тому +5

    Chick Fil A customer service is the best around. All service industry should adopt this method. The kids working at Popeyes are the worse

  • @casaugustine
    @casaugustine 10 місяців тому +1

    Chick-fil-A food and model as an employer and employee customer service has been the best for decades. I was blessed to drive by Truett Cathy’s home in the 90’s &20’s on my way to work. The work ethic Cathy led by example and has done so much for employees and the community. Like many things since 2020/2021 things have changed. I am no longer eating Chick-Fil-A. Their quality of chicken has changed drastically since 2022, it’s not the same and one questions what’s in the chicken from fried to grilled. DAN CATHY COME OUT OF RETIREMENT AND RESCUE THE WONDERFUL RESTAURANT YOUR FATHER STATRED! STICK TO HIS VALUES😇❤️🙏

  • @d.h.dd.h.d.5230
    @d.h.dd.h.d.5230 Рік тому +4

    My husband & I ordered 1-chicken strip meal with upgrade to small milk shake & large fry, 1-chicken strip meal with ice tea, fry, 1-4 pc chicken strip for $25.00. We ordered the same meal for $16 at another location. I kept my receipts & noticed we were charged various upcharges at one location but not at the other location, i.e., tourist frequented location & neighborhood location.

  • @lovelyafternoon
    @lovelyafternoon 4 місяці тому

    Chik-fil-a is one of the only fast food restaurants to have good indoor service post-covid. I doordash as my main income and their doordash pickup process is smooth every time. They all make sure that you have your order as soon as possible, and they have an easy sign in system for dashers. The friendliness is unmatched and they hire surprisingly diverse (at least in my area)

  • @beingL
    @beingL Рік тому +4

    I always wondered why cake mixes didn’t require only water.

  • @Pathfinder2992
    @Pathfinder2992 Рік тому +4

    Chick-fil-A NEED TO BRING BACK THAT WONDERFUL COLESLAW, which is the BEST ever made in a restaurant. I never liked coleslaw until I tasted their FINELY CHOPPED one. The SECOND best is at LONG JOHN SILVER'S, which is the ONLY reason I go to Long John Silver's drive-thru....just to BUY their COLESLAW to eat with OTHER meals LOL. It's just the best VEGETABLE SIDE DISH to eat with chicken, ESPECIALLY a chicken sandwich, or FRIED meats & ANY Barbecue 😍😁

  • @SportsMydas
    @SportsMydas 8 місяців тому +1

    I always wondered how they do it and now I know because of this channel, thank you.

  • @Bahmani
    @Bahmani Рік тому +8

    I would have loved time stamps. Besides that it is a amazing video

  • @SonyaBaker-s4z
    @SonyaBaker-s4z Рік тому +1

    Great documentary as usual! Well done WSJ, always enjoying watching you. Great documentary as usual! Well done WSJ, always enjoying watching you.

  • @LoveforGoldens
    @LoveforGoldens Рік тому +5

    I’m not right wing or left wing I’m whole chicken 👏

  • @thandomtsweni1327
    @thandomtsweni1327 10 місяців тому +1

    This can't help but be a lovable company